AMAN launches Takaful auto insurance
Dubai Islamic Insurance & Reinsurance Company (AMAN) has partnered with UAE-Emirates Islamic Bank to launch a Takaful compliant auto insurance product.
Auto Takaful Solutions provides comprehensive coverage against loss, damage and third party liability resulting from automobile accidents across the UAE, and extension for own damage only in Oman and Qatar.
“It is important that our customers stay safe and understand the significance of protecting themselves against road accidents, which could lead to unexpected financial pay outs,” said Faisal Aqil, Deputy CEO of consumer wealth management at Emirates Islamic Bank. “With the Auto Takaful plan, drivers and passengers will have optimal coverage against every possible hazard whilst on the road.”
Musa Al Shawahin, general manager at AMAN Insurance, said: “The Auto Takaful plan has been designed to provide comprehensive coverage to the customers of Emirates Islamic Bank, and ensure they are covered against much of the damage resulting from road accidents. We are pleased to partner with Emirates Islamic Bank, which will enable us to provide Sharia-compliant Takaful solutions for its customers, as this meets the dual objectives of protection against damages in an ethical and Islamic manner.”
