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Dubai, UAE: SALAMA Islamic Arab Insurance Company, the world’s largest Takaful and Re-Takaful group, announced its strategic alliance with NCB Capital, the investment banking arm of National Commercial Bank, the region’s largest bank, in a bid to further promote the spread of Shari’ah compliant insurance solutions. As a result of the strategic alliance, SALAMA will […]

Dubai, UAE: SALAMA Islamic Arab Insurance Company, world’s largest Takaful and Re-Takaful Group, announced their partnership with DWS Investments, the global mutual fund arm of Deutsche Bank Group. SALAMA presents a comprehensive range of diverse Shari’ah compliant unit linked insurance products to its valued clients and the DWS Noor Islamic Funds can be accessed through […]

SALAMA, the world’s largest Takaful and Re-Takaful Group ties up with BNP Paribas Investment Partners, one of the leading asset managers, to offer BNP Paribas’s flagship Islamic Fund, the Global Equity Optimiser, with investor returns linked to Shariah compliant global equity markets, including Asia, Europe and the USA. The fund uses an actively managed optimization […]

SALAMA-Islamic Arab Insurance Company, the largest global Takaful and Re-Takaful Group, has signed a long-term agreement to pursue the bancassurance partnership with National Bank of Fujairah (NBF). The partnership will offer NBF customers access to a range of high quality yet affordable individual family Takaful solutions across the region. Noel D’Mello, Head of Family Takaful, […]

Group’s gross premium likely to spurt by 35% in 2008 Dubai, 2008: SALAMA-Islamic Arab Insurance Group, the world’s largest Takaful and Re-Takaful Group, today announced that the world’s top credit rating agency A.M. Best has affirmed the group’s Financial Strength Ratings to ‘A-’ (Excellent) and Issuer Credit Rating (ICR) to ‘a-’. “The outlook for both […]

OLDWICK, N.J., AUGUST 18, 2008 A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.) (SALAMA) (United Arab Emirates). The outlook for both ratings is stable. The ratings of SALAMA reflect its strong risk-adjusted capitalisation, supported by very […]

Aiming to spread Shari’ah compliant insurance on one side and on presenting open ended, unit linked funds on the other, SALAMA Islamic Arab Insurance Company, the world’s largest Takaful and Re-Takaful Group joins hands with Oasis Crescent, the winner of the Best Global Equity Fund. SALAMA presents an assembly of diverse Shari’ah compliant unit linked […]

Total premium Revenue Almost One Billion AED “SALAMA” Islamic Arab Insurance Co. (IAIC), the largest Islamic insurance (takaful and retakaful) operator in the world, has disclosed profits of AED 150 million for 2007. This was revealed in a disclosure made by the company to the Dubai Financial Market today. SALAMA also disclosed that its takaful […]

Dubai, January 7, 2008 : SALAMA (Islamic Arab Insurance Company), the world’s largest Takaful and Re-Takaful provider, today announced that A.M Best has upgraded the insurer’s FSR (Financial Strength Ratings) to A-(Excellent) from B++ (Good) and upgraded the ICR (issuer credit ratings) to “a-“ from “bbb+”. The outlook for both ratings remains stable. The upgraded rating included […]

Operating income increases to AED 95 million, an increase of 25% by the end of Sept 2007. SALAMA (IAIC) of UAE announced that its interim net profit for the third quarter of 2007 is AED 35 million compared to AED 41 million for the same quarter in 2006. The volume of insurance premiums up to […]