Solidarity named Best Takaful Provider

Notes and media contacts

For more information please contact:
Tariq Khonji, mobile: 00973 39901721

Bassel Hanbali, mobile: 00973 39476543

About Solidarity:

Established as one of the Largest Takaful Companies in the world with $100m in paid up capital and $300m authorized capital, Solidarity provides Takaful products that comply with Islamic Sharia 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 $500m and the paid up capital to $150m.

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 & Officers and others.

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

About Ithmaar banking group

The Ithmaar banking group consists of: Ithmaar Bank, Shamil Bank, Solidarity (an Islamic insurance company), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company. The group's services, including investment, private, retail, and commercial banking, private equity, mergers & acquisition advice, takaful, leasing, and real estate development, form a 360 degrees value chain that embraces the entire spectrum of banking and financial services.