UAE, 26 October 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced today that it has signed an agreement with the Abu Dhabi Department of Economic Development (ADDED) to provide its services on ‘Investor Journey’ portal. SALAMA will join leading UAE public and private institutions in this initiative, which enables entrepreneurs and investors to apply for a wide range of services, including business insurance, directly through the ADDED’s ‘Investor Journey’ portal.

Launched by ADDED in 2021, the ‘Investor Journey’ portal offers investors and entrepreneurs a fully digitized experience, while enhancing the ease of doing business and streamlining communication with government entities. SALAMA will integrate its services into this advanced ecosystem that powers new business ideas and startups.

Fahim Al Shehhi, CEO of SALAMA, said: “We look forward to a highly collaborative partnership with ADDED, as we renew our commitment to developing and promoting the entrepreneurial ecosystem. As the largest Takaful provider in the UAE, we are proud to increasingly become a preferred insurance partner for local brands and entrepreneurs, supporting small and medium enterprises with quality, tailored insurance packages that help improve business performance, create a competitive advantage, and accelerate scalable growth.”

ADDED has unveiled Phase 2 of ‘Investor Journey’, which features more services and business setup tools, at GITEX Technology Week 2022. The portal also comprises an informative simulator to guide investors through their journey to setting up a business. ‘Investor Journey ‘also provides business owners with the opportunity to apply for bank accounts, telecommunications services, business operational support, and more.

SALAMA stands as the largest sharia’h compliant Takaful operator with ‘AAA” level capital adequacy as per S&P. SALAMA remains committed to serving partners and customers while enhancing shareholder returns in 2021 and beyond.