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Tuesday, November 10 - 2009

Solidarity participates in the Global Islamic Financial Conference in Dubai

  • United Arab Emirates: Tuesday, March 28 - 2006 at 13:24
  • PRESS RELEASE

Solidarity, one of the world's largest Takaful companies, has sponsored the Global Islamic Financial Conference, recently held at the Al Bustan Hotel, Dubai, UAE. Solidarity was represented by Mr. Bassel Hanbali, Head of Marketing.

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  • Bassel Hanbali, Solidarity's Head of Marketing.
    Bassel Hanbali, Solidarity's Head of Marketing.
More than 400 participants from 24 countries including investors, financial fund managers and senior executives in the Islamic and financial services sectors took part in the Conference. The event included a number of workshops and educational sessions, and also included a special exhibition, allowing the participants to learn about various Islamic banking and Takaful products.

Mr. Bassel Hanbali, Solidarity's Head of Marketing spoke about the significance of applying the total marketing relationship, which focused on the current transformation witnessed in the marketing of financial products and services.

Bassel Hanbali, Solidarity's Head of Marketing said,

"We financial professionals need to remind ourselves that financial products are available for sale - not purchase, which means that we must study the market properly. The added value brought to the market by the Islamic financial services companies lies in the need for planning for the future with a Sharia'a compliant financial system."


The Conference aimed at focusing on the significant global growth of the Takaful sector, in addition to the exchange of expertise among the speakers and participants.

Hanbali added, "This Conference represents a forum that targets financial and Islamic institutions, especially those that seek to enhance their status as a producer of financial services in the Middle East. Our sponsorship of this Conference and our partnership with many international financial institutions demonstrates the commitment of both sides towards the Islamic banking and insurance sector, as well as the principles of Islam."

He concluded, "There is an increased demand for Takaful products. Through strategic alliances, Solidarity has enhanced its position as a key player in the Islamic financial services sector through increasing the range of products offered to meet customers' needs for Family Takaful."
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Notes and media contacts

For more information, please contact:
Bassel Hanbali- Head of Marketing, Solidarity

Or

May Marzooq - Marketing Communications Officer
Tel: +973 17 578777
Fax: +973 17 578787

ABOUT SOLIDARITY
Established as one of the leading companies in the Arab world with US$ 100,000,000 in paid up capital, Solidarity is poised to become the largest Takaful Company in the world and has received a capital injection of US $200 million increasing their authorized capital from US $300 million to US $500 million. The capital increase was approved at the company's Annual General Meeting held in the Kingdom of Bahrain.

Solidarity was established according to the laws and regulations of Bahrain with the principal objective of providing Sharia'a compliant Takaful products throughout the GCC countries, Middle East, Europe and Asian countries.

Solidarity was set up in response to the increased demand for Family Takaful and General Takaful products taking into account the increased growth and demand for the unique Islamic insurance (Takaful). Solidarity has dedicated all its resources to go ahead as a pioneering Company offering a wide range of savings opportunities and prudent investment that enjoy Takaful protection benefits - that ensure peace of mind - to meet special requirements such as retirement, increase of capital and education in addition to individual and family investment schemes. In addition to Family Takaful schemes, Solidarity offers security and protection against various kinds of possible risks by offering General Takaful products such as motor and household Takaful, property, health and Marine Takaful covers.

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