Al Salam Bank, Takaful International to establish bank insurance firm

The bank will offer a number of Shariah-compliant insurance product- (Photo Credit: Arabianeye-Reuters)

16 October 2016 12:51 PM

Al Salam Bank
SALAM

-0.85% 0.23 -0.00

Al Salam International
SIIS

1.83% 0.72 0.01

Takaful International
TAKAFUL

9.84% 0.13 0.01

Mubasher: Al Salam Bank – Bahrain signed an agreement with Takaful International to establish a joint bank insurance company, according to a press release.

Under the agreement, the bank will offer a number of Shariah-compliant insurance products.

Earlier this month, the bank signed a $366 million deal with Diyar Al Muharraq to finance the development of ‘Deerat Al Oyoun’ social housing project.

Companies Investments

Source: Mubasher