As a result of the strategic tie up, Salama will offer its customers a host of DWS Noor Islamic Funds which are 100% Shari'ah Compliant and diversified by asset class and geography.
Speaking on the announcement, Mr. Noel D'Mello, Head of Family Takaful, Salama, said:
"Our partnership with DWS Investments signifies another landmark achievement for Salama in further promoting Shari'ah Compliant savings and insurance products in the UAE. It will greatly help in achieving our objective of spreading Shari'ah Compliant insurance plans throughout UAE that are not only competitive in pricing but also flexible and affordable to meet the needs of the average person."
With EUR257bn of assets under management globally, DWS is one of the top 10 largest mutual fund managers worldwide and the largest mutual fund company in its home country, Germany.
According to Mr. Tarek Lotfy, Director Asset Management, Middle East and North Africa, Deutsche Bank:
"We are proud to have this alliance with Salama, UAE's leading and specialized Takaful Company. Salama's credibility, reputation for quality, diversified product range and high standards, make them our partner of choice in spreading innovative and world class DWS Shari'ah compliant investment solutions."
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