Doha: Doha Bank and Allianz Takaful, a major player in the Takaful insurance segment have jointly announced a Bancassurance partnership to promote Islamic Insurance products in Qatar.
In a function held at the Head Office of Doha Bank, R Seetharaman, CEO of Doha Bank and Dr Abdul Rahman Tolefat, Chairman of Allianz Takaful signed on the landmark Bancassurance partnership agreement. Through this arrangement the bank will promote and sell Family Takaful products comprising of plans for protection, savings, investment and child education developed and underwritten by Allianz Takaful. The products which are denominated in dollars and Qatari Riyal will be available to both conventional and Islamic banking customers.
Commenting on the partnership, Dr Abdulrahman Khalil Tolefat, Chairman of Allianz Takaful said: “We are proud to be associated with one of the oldest and leading banks of the region to sell our Insurance products. Doha Bank enjoys a large and growing customer base which is an ideal match for our Takaful insurance plans and services. Doha Bank customers will get access to Allianz’ state-of-the-art Shari’ah compliant products and services.
R Seetharaman, CEO of Doha Bank said that “Doha Bank has always been committed to bring the best and most innovative products to the market. The new partnership with Allianz, one of the largest financial services groups in the world will be a key step in that initiative. We are looking forward to this mutually beneficial relationship”