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Wednesday, December 2 - 2009

Accelerating growth in the international Takaful market

Solidarity, one of the largest Takaful companies and the winner of the world's best Takaful provider for the year 2006, has sponsored the World Takaful Conference (WTC) recently held at the Grand Hyatt in Dubai.

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  • Bassel Hanbali.
    Bassel Hanbali.
Solidarity was represented by Bassel Hanbali, Head of Corporate Communications & Marketing, who tackled subjects related to capturing growth potential and the future outlook of family related Takaful products. More than 200 delegates attended from 25 different countries attended the WTC.

The WTC focused on the establishment of several Takaful operators in the region by highlighting the significant market opportunities and means to how best operators can practical put strategies and plans in to action. In addition, the conference explored the reasons behind penetrating the Takaful industry by conventional multinational insurance companies and banks. Never the less, topics related to Sharia'h issues, challenges and trends were covered through debates by listing the factors behind the rapidly growth of this Islamic system of insurance and assurance.

Commenting on his participation, Bassel Hanbali said:

"Solidarity's participation in world class conferences and forums represents the management direction to further support the development of this industry. Believing in our role as an active member in the global village and the responsibility towards providing Islamic financial solutions, Solidarity committed it self to continually interact and share in providing opportunities and facing challenges for better global Takaful infrastructure."
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Notes and media contacts

For more information, please contact:
Bassel Hanbali- Head of Corporate Communications & Marketing, Solidarity

Or

May Marzooq - Senior Marketing Communications Officer
Tel: +973 17 578777
Fax: +973 17 578787

About Solidarity:
Established as one of the Largest Takaful Companies in the world with US$ 150 million in paid up capital and US$300 million authorized capital, Solidarity provides Takaful products that comply with Islamic Sharia'h across the globe.

Solidarity is set to capitalize on the success of its opening years by continuing its expansion in to key international markets. To strengthen its current position and achieve the expansion strategy, Solidarity is in the process of increasing its paid up capital to US$ 275 million, and its authorized capital to US $500 million.

Solidarity provides Islamic Financial Planning through a range of Family Takaful saving and investment plans with Takaful Protection Benefits ideally suited for education, retirement and wealth accumulation; in addition to Home Financing and other general safety and protection products to cover various risks.

Solidarity has the resources to deliver unmatched risk management financial solutions, tailored to meet the needs of individuals, families and businesses.

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