Dar Al Takaful gallops ahead with new equine product
- United Arab Emirates: Monday, October 25 - 2010 at 12:37
- PRESS RELEASE
Dar Al Takaful PJSC, an Islamic Insurance & Reinsurance Company, has announced the launch of the world's first Sharia-compliant bloodstock policy, which will include a new insurance product to horse owners across the GCC to protect them from certain financial losses in the result of deteriorating health or incurred accidents involving their animals.
"This is the first Islamic equine insurance policy of its kind, and takes into account the very real needs horse owners in the country," says Ayman Al Ajmi, Chief Executive Officer at Dar Al Takaful. "Our specialization in this area is part of our company's larger commitment to innovative Takaful solutions that address all the needs of the UAE's dynamic Islamic insurance market."
From international competitors to large stables and club teams, all equestrian owners stand to benefit from the new insurance product. These take into account the different requirements of owners who need to insure a large number of animals or who compete in high-risk events.
Alajmi added, "That specific needs of breeders will be addressed in the new policy. Dar Al Takaful for instance, can provide them with protection against prospective foal barrenness and stallion infertility, resulting in a loss of income."
Dar Al Takaful will soon be extending this coverage to include racing camels as well, of which the company has yet to reveal additional details.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.