Ajman Bank ties up with Salama Islamic Arab Insurance Company

Through Ajman Bank customers now have access to high quality and affordable Shariah compliant insurance Takaful solutions and with this addition provide ever greater convenience to all.

The signing ceremony took place at Ajman Bank in the presence of Ali E Alshaqoosh Al Mueen, Acting CEO of Ajman Bank and Mr. Noel D'Mello, Head of Family Takaful, Salama. The signing ends the bank's search for a Takaful partner and demonstrates confidence in the great quality of products and services available from Salama for their clients.

Salama, a well know and highly respected brand is the largest global Takaful and Re-Takaful Group in the country. Its continued success and plans for expansion make it the ideal partner for Ajman Bank who will now offer Takaful products to complement its existing auto finance and home finance facilities, all under one roof. By increasing accessibility to its services, Ajman Bank makes it easier for its customers to achieve all their financial needs with convenience, consistency of service and with maximum satisfaction.

Ali E Alshaqoosh Al Mueen, Acting CEO of Ajman Bank commented on the deal, saying:

"We wanted to be able to offer a strong portfolio of financial products to our customers and Salama certainly met that need. We believe in quality, value and service, beliefs we see matched in the Salama team, so we are confident that we can expand our offer to include an expansive array of Takaful solutions for individuals and families whether its investment plans or protection, while still preserving our levels of service and relationships."

Mr. Noel D'Mello, Head of Family Takaful, Salama added, "By combining Salama's Islamic insurance knowledge and Ajman Bank's customer relationships and distribution capabilities, we are convinced that this new deal will lead the way to successful future growth and service to develop the Shariah compliant insurance market in the UAE."