• HSBC

BIBF & Solidarity end Takaful workshop

Solidarity, one of the largest Takaful Companies, and the Bahrain Institute of banking and Finance BIBF partner and delivered a professional two days Takaful workshop at the BIBF premises.

More than 25 delegates attended the event and were rewarded with a Certificate of Attendance given by Mr. Ashraf Bseisu, GM - Solidarity, and signed by Mr. Nooruddin, Director BIBF, and Mr. Sameer Al Wazzan, Takaful workshop Program leader and Solidarity CEO.

Solidarity Financial experts shared their insights on Takaful by covering various issues related to operations, product structuring, marketing, finance and accounting, investments and asset management, training, sales and pricing. Besides, they covered an overview on the history and development of Takaful.

On this occasion, Mr. Ashraf Bseisu said:

"Our decision to conduct the workshop is derived from our commitment to support the Takaful industry and those working in the kingdom of Bahrain. Providing this Takaful workshop especially through partnering with the BIBF highlighted the importance of facilitating an informative flow between industry experts within Islamic and conventional insurance to build a successful platform that we can all start from."


On the other hand, Mr. Bassel Hanbali, Head of Corporate Communication and Marketing, commented: "The goal is to convene and discuss the future of Takaful as a mean to help individuals and businesses plan for their financial needs."

Hanbali added:" The Takaful workshop attracted delegates from several markets including Lebanon, Saudi Arabia, Qatar and the UAE. What Solidarity aimed to achieve is to capture the various opinions of financial professionals and industry experts to help in the development of this industry."

"It is vital for Solidarity and companies from the private sector to constantly hold informative and interactive workshops that highlights and analyze the developments within the kingdom and how best we can all work together to provide the highest standards of living."
 
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Notes and Media Contacts »

For more information, please contact:
Bassel Hanbali - Head of Marketing, Solidarity
Or
May Marzooq - Marketing Communications OfficerYosra Abbas - Marketing Coordinator
Tel: +973 17 578777
Fax: +973 17 578787

About Solidarity
Established as one of the leading companies in the Arab world with US$ 100 million in paid up capital, Solidarity is one of the largest Takaful Company in the world. Solidarity has announced a capital injection to its paid up capital (US$100 million) of US$175 million increase and to its authorized capital (US$ 300 million) of US$200 million. The capital increase was approved at the company's Annual General Meeting held in the Kingdom of Bahrain.

Solidarity is a company incorporated under the laws and regulations of the Kingdom Bahrain. Our main purpose is to focus on providing Takaful products that comply with Islamic Sharia'h across the GCC and selected Middle Eastern, Asian, and European countries.

Solidarity has been set up in direct response to the growing demand for Family and General Takaful products across the region. Realizing the scope of this unique and ever-expanding Islamic system of insurance and assurance, Solidarity is poised to lead the way in providing a diverse range of prudent saving and investment opportunities with Takaful Protection Benefits - designed to give the ultimate peace of mind - ideally suited for retirement, wealth accumulation, education, and other family and individual plans. Along with the family related plans, Solidarity provides the utmost safety and protection against the widest possible risks through a range of General Takaful products like: Motor, Home, Marine, and health.

About BIBF
BIBF is a leading professional training Institute in Bahrain and the Gulf Region. It was founded in 1981 to provide essential training for the banking community in Bahrain. Since then it has evolved into an internationally recognized training and development organization where over 35,000 students have attended courses since its inception.

BIBF has been recognized as a provider of superior value, uncompromising high levels of customer satisfaction and results-oriented solutions.

BIBF has highly qualified faculty members of diverse nationalities devoted to advanced and enriching the human experience.

BIBF has delivered quality programs in countries around the globe including, for example, Saudi Arabia, Kuwait, Oman, UAE, Qatar, Malaysia, Indonesia and Sudan, and it has provided instruction to participants from over 50 countries at BIBF.

BIBF enjoys strategic relationships with internationally recognized professional organization which deliver programs jointly with BIBF. Among such organization, for example, are Federal Reserve Bank of New York, American Bankers Association, US Securities and Exchange Commission, NASDAQ, Darden Graduate School of Business (University of Virginia), DePual University, Bentley College, University of Wales, University of Cambridge International Examinations, Chartered Institute of Bankers, Chartered Association of Certified Accountants and Chartered Insurance Institute.

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