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Takaful experts at Solidarity discuss the concept of Takaful and the influential factors on the industry
- Bahrain: Sunday, May 27 - 2007 at 09:47
- PRESS RELEASE
Solidarity, one of the largest Takaful Companies and winner of the world's best Takaful provider award, and Labuan Re, a major global player in the Afro-Asian insurance/ reinsurance industry, partnered to deliver a professional one day Takaful workshop focusing on the importance of Takaful and the influential factors on this industry.
On this occasion, Mr. Sameer Ebrahim Al Wazzan, CEO - Solidarity, said, "Our continues support to the insurance/ Takaful industry is represented by the joint efforts in providing educational workshops primed to highlight the importance of insurance/ Takaful and its role in developing a self financing population that doesn't rely on social largesse".
Mr. Majid Mohamad, CEO - Labuan Re, commented:" Our objective for this partnership with Solidarity is to share information with today's industry leaders and build a solid bridge amongst the private sector to further enhance awareness from different perspectives aiming to broaden knowledge".
Mr. Bassel Hanbali, Head of Corporate Communications & Marketing - Solidarity and workshop coordinator, commented:" The goal is to convene and discuss the future of the insurance/ Takaful and to help enforce the need for leading financial institutions to co-ordinate their efforts to further advance this rapidly growing sector".
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Notes and media contacts
For more information, please contact:Bassel Hanbali - Head of Marketing, Solidarity
Or
May Marzooq - Marketing Communications Officer
Yosra Abbas - Marketing Coordinator
Tel: +973 17 578777
Fax: +973 17 578787
About Solidarity
Established as one of the Largest Takaful Companies in the world with US$ 100 million in paid up capital and US$300 million authorized capital, Solidarity provides Takaful products that comply with Islamic Sharia'h across the globe.
Solidarity is set to capitalize on the success of its opening years by continuing its expansion in to key international markets. To strengthen its current position and achieve the expansion strategy, Solidarity increased the authorized capital to US$ 500 million and the paid up capital to US$ 150 million and is in the process of increasing it to US$ 275 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 Takaful protection products that include Motor, Property, Marine Employee Benefits (Medical) and other corporate/ business related protection such as Engineering, Liability, Director & Offices and others.
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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