The two Bahrain-based companies partnered to offer customers a comprehensive range of products in accordance with Islamic Sharia'h principles.
The conference, with saw over 200 delegates from 24 countries attend, brought together investors, fund managers and key industry players to identify growth opportunities in the multi-billion dollar Islamic investment sector. The event featured education sessions, networking opportunities and an exhibition. Ziyad Arekat, General Manager, Solidarity - Asset Management, and Jamal A. Tartir, Group Head - Private Banking, Shamil Bank featured as speakers during the conference.
"Our support for this prestigious event highlights the importance of providing a forum for industry leaders and financial professionals to convene and discuss the future of Islamic finance, including Takaful. We are proud to help enforce the need for leading Islamic institutions to co-ordinate their efforts to further advance this rapidly growing sector locally and internationally," said Arekat.
WIFC reflected the global nature and diversity of the Islamic investment funds industry and included speakers and participants from the world's major Islamic and conventional financial centres.
"The conference served as a meaningful forum for both Islamic institutions, and Bahrain, as the Kingdom cements its position as the Middle East's financial services hub. Our platinum sponsorship and our partnership with Solidarity demonstrate our collective commitment to the industry as well as Islamic principles," said Tartir.
"Takaful products, in particular, are currently in demand. By partnering with Solidarity, Shamil Bank further solidified its position as an industry leader by increasing the range of services offered to our customers to include Shari'ah compliant Family Takaful," he added.
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Bahraini institutions at first ever World Islamic Funds Conference
- Bahrain: Monday, May 30 - 2005 at 14:58
- PRESS RELEASE
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Solidarity, one of the largest Takaful companies in the world, and Shamil Bank, one of the leading Islamic banking institutions in the region, took the stage as Platinum Sponsors at the World Islamic Funds Conference (WIFC), which ran at Bahrain's Gulf International Convention Centre from May 29 - 30.
Jamal A. Tartir, Group Head - Private Banking, Shamil Bank.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, May 30 - 2005 at 14:58 UAE local time (GMT+4)
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Shamil Bank, a subsidiary of the Dar Al-Maal Al-Islami Trust, is one of the world's leading Islamic financial organisations with shareholders that include prominent Saudi and Bahraini entities, and high net worth individuals. In 2004, Solidarity and Shamil Bank signed an agreement forming a partnership that makes Shamil the sole banking distributor of Solidarity's Family Takaful products in Bahrain. Solidarity, recently established as one of the top companies in the Arab world with US $100,000,000 in paid up capital, is poised to become the largest Takaful company in the world.
Incorporated under the laws and regulations of Bahrain, Solidarity's main purpose is to focus on providing Takaful products that comply with Islamic Sharia'h across the GCC and in select Middle Eastern and Asian, and European countries.
The World Islamic Funds Exhibition is aimed at presenting companies with an excellent opportunity to showcase specialist products and services and to network with key industry decision-makers. Islamic investment institutions and conventional asset managers will network and have the opportunity to learn about and discuss Sharia'h compliant investment products and collective investment schemes.
Shamil Bank's private banking division offers a range of Solidarity's Sharia'h compliant Family Takaful investment and protection products, ideally suited for Education, Marriage, Retirement, Hajj/Umrah, Wealth Accumulation, and Family and Individual Protection. In addition, Solidarity has developed a comprehensive Sharia'h compliant fund management capability enabling clients to have access to a wide range of unit linked investment funds, spanning a variety of sectors including equities, Sukuk, Morabaha, and other specialist funds.
For those wishing to attend or seeking further details about the World Islamic Fund Conference, please contact Bassel Hanbali, Head of Marketing, Solidarity - Family Takaful.
For further information, please contact:
Bassel Hanbali, Head of Marketing, Solidarity Family Takaful
Phone: +973 17 578777
Incorporated under the laws and regulations of Bahrain, Solidarity's main purpose is to focus on providing Takaful products that comply with Islamic Sharia'h across the GCC and in select Middle Eastern and Asian, and European countries.
The World Islamic Funds Exhibition is aimed at presenting companies with an excellent opportunity to showcase specialist products and services and to network with key industry decision-makers. Islamic investment institutions and conventional asset managers will network and have the opportunity to learn about and discuss Sharia'h compliant investment products and collective investment schemes.
Shamil Bank's private banking division offers a range of Solidarity's Sharia'h compliant Family Takaful investment and protection products, ideally suited for Education, Marriage, Retirement, Hajj/Umrah, Wealth Accumulation, and Family and Individual Protection. In addition, Solidarity has developed a comprehensive Sharia'h compliant fund management capability enabling clients to have access to a wide range of unit linked investment funds, spanning a variety of sectors including equities, Sukuk, Morabaha, and other specialist funds.
For those wishing to attend or seeking further details about the World Islamic Fund Conference, please contact Bassel Hanbali, Head of Marketing, Solidarity - Family Takaful.
For further information, please contact:
Bassel Hanbali, Head of Marketing, Solidarity Family Takaful
Phone: +973 17 578777
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