Mubasher: Al Izz Islamic Bank  has signed a memorandum of understanding (MoU) with Takaful Oman Insurance, to t provide the bank’s customers with motor Takaful policies at special rates.

Takaful Oman will issue motor Takaful policies from the lender’s branches, the lender said in a press release.

The bank will directly deduct the Takaful contribution amount from the client’s account, and deposit it in that of the insurance firm.