Emirates Islamic Bank signs agreement with AMAN

Cover under this agreement is available to all eligible customers of the bank on availing of home financing loans from Emirates Islamic Bank for the purchase or construction of properties.

The agreement is in line with Emirates Islamic bank's continuous commitment towards retail banking. Now its customers can have the peace of mind they need while undertaking a large purchase or construction of a property and can rest assured that their outstanding home finance amount will be fully paid up by AMAN in case of any unfortunate occurrence. Besides that, the customer's next of kin will not have to endure the burden of repayments passing on to them, thanks to the Takaful protection offered.

Samih Mohammed Awadhallah, Head of Branches, Emirates Islamic Bank, said: "Meeting customer needs is central to our business. We believe in providing a holistic Islamic financial solution to our customers to satisfy their diverse needs. Products such as Takaful are an important element in a person's financial dealing and it is therefore important that we have a tie-up with reputable and experienced Takaful operators such as AMAN".

On the occasion, Mr. Hussein Mohammad Al Meeza, Managing Director of AMAN, said: "The step comes in line with Aman's plans to enhance relations with its partners by providing innovative and comprehensive Islamic insurance services."

He added: "This joint venture reflects Aman's strategy to partner with organisations offering Sharia compliant products and services. The agreement reflects Aman's vision to reach new segments in the market and offer Shariah compliant products at a competitive rate."

Jihad Feitrouni, AMAN's General Manager, said: " We are proud to be associated with Emirates Islamic Bank as they are one of the prominent Islamic banks in the UAE. This is a great step forward and we are very optimistic that the agreement would be of great benefit to the bank and its customers."

Aman today is the largest Takaful protection provider in the country with all major lenders in the UAE in short visit.