Global award coincides with SALAMA’s 30th anniversary, recognizes unique Takaful products and solutions.

SALAMA CEO Dr Saleh Malaikah honoured for Outstanding Contribution.

SALAMA-Islamic Arab Insurance Co. (PSC), one of the region’s leading Islamic insurance (Takaful) companies, has won the ‘Best Takaful Provider’ award for 2009 from Global Finance magazine, the leading international financial publication headquartered in New York.

The recognition reaffirms SALAMA’s leadership in the Takaful Insurance milieu and is a major milestone in the company’s unprecedented success as it marks its 30th anniversary celebrations this year.

Reinforcing the company’s global presence and leadership in the International Takaful insurance sector, SALAMA was also awarded the ‘Best Takaful Company’ at the recently held International Takaful Awards in London and SALAMA’s Vice-Chairman and CEO,Dr Saleh Malaikah was conferred the prestigious ‘Outstanding Contribution award at the high-profile awards ceremony.

“We are very proud to have been bestowed with these prestigious awards and am humbled by the personal recognition given to me”, said Dr. Saleh Malaikah, Vice Chairman and CEO, SALAMA. “This achievement is undoubtedly the fruit of relentless efforts exerted by our entire team whose focus is to make SALAMA the first choice when it comes to Shari’ah compliant insurance solutions.”

“It is great honour to receive such top industry awards which coincide with our 30th anniversary celebrations. The only trigger behind this irrefutable success is our quality of service and the customer-centric approach imbedded in our culture. We thank all our stakeholders and business associates for making this possible,” added Dr Malaikah.

Rafiq Halani, General Manager, General and Health at SALAMA, said: “This honour bestowed by Global Finance is indeed a prestigious moment for SALAMA. In addition to this, the outstanding achievement award to Dr Malaikah is well deserved. Apart from heading the leading Takaful compliant company in the world, Dr Malaikah has been fostering the global conversion towards Shari’ah compliant insurance solutions.”

Commenting on these awards, Noel D”Mello, General Manager- Family Takaful said, “We are delighted to be recognized as leaders in the Takaful Industry. We continuously strive to bring innovative Takaful products to the market which is well received by Distributor and Clients alike. Our turnaround times for servicing are well recognized in the Industry and with these awards we are even more determined to raise the bar.

SALAMA has one of the most comprehensive ranges of Family Takaful products and services across the Middle East. Since its inception, the company has maintained a high level of transparency and disclosure and has facilitated its charging structure to enable its customers to accomplish their transactions with ease and convenience.

The Global Finance magazine has a circulation of 50,050, audited by BPA, and readers in 163 countries. Its headquarters is in New York, with offices in London, Rio de Janeiro and Milan. Global Finance’s audience includes Chairmen, Presidents, CEOs, CFOs, Treasurers and other senior financial officers responsible for making investment and strategic business decisions at multinational companies and financial institutions.

About SALAMA Islamic Arab Insurance Company

SALAMA–Islamic Arab Insurance Company embarked from Dubai on its quest for expansion through acquisitions and participation in a number of Takaful and Re-Takaful companies in many Arab and Islamic countries. Today SALAMA is the largest Takaful and Re-Takaful Group in the world with a capital of USD 300 million (in excess of AED 1 billion). Its financial strength can be gauged by the “A-” rating that it received from AM Best and “BBB+” by S&P. Among the prominent subsidiaries of SALAMA, is the wholly owned Tunisia-based BEST Re, the largest global Re-Takaful company, serving customers in more than 70 countries.