Takaud, the specialist savings, investments and pensions provider for the MENA region, and Takaful International, Bahrain's pioneering Islamic insurance company, are partnering to provide Takaful's individual and corporate life insurance clients with innovative Shariah-compliant investment solutions. The new partnership will enable Takaful to provide customers of its unit-linked savings policies with the opportunity to invest the savings portion of their policy in Shariah-compliant growth, balanced or prudent investment strategies. In support of the agreement, Takaud will provide a complete range of services, along with tools enabling customers to identify their investment profiles. Takaud will also provide marketing assistance and training for Takaful agents and others who will be presenting these new investment strategies to customers. The Memorandum of Understanding was signed by Takaud's CEO Luc Métivier and Takaful's CEO Younis J. Al Sayed at a ceremony held recently at Takaful's Manama offices. Métivier said "Takaud is pleased to provide innovative Shariah-compliant investment solutions for the region's leading provider of Islamic insurance. Takaud's experts have created a range of investment options that respond to the needs of clients requiring growth-oriented, prudent or balanced investments. This brings innovative investment solutions together with progressive Islamic insurance products for the benefit of corporations and individuals in Bahrain and the wider region." Al Sayed said "Takaful is a leader in providing Islamic financial products in Bahrain and the wider GCC and MENA regions. It is appropriate that we partner with a regional savings- and investment-specialist provider to offer our clients the highest level of expertise in investment solutions. We are pleased to expand our Shariah-compliant offerings while giving our clients opportunities for better value investments. Our organizations are moving forward in tandem to provide product innovations for our clients." — SG
