Semi-Annual Newsletter Issue 8 June 2008 Vision of a refreshing change · Semi-Annual Newsletter Issue 8 Vision of a refreshing change Dear Readers Once again we are pleased to bring

Jun

e 20

08Ed

itor

ial T

eam

:Pu

blic

Rel

atio

n D

epar

tmen

t

Issue 8Semi-Annual Newsletter

Vision of arefreshingchange

Dear Readers

Once again we are pleased to bring toyou another of our periodic bulletinalbeit with a new look. The process ofcontinuous development and improve-ment is one of the most outstandingand prominent contributors towardsour success. So we are keen to interactand implement your views andproposals.

This periodic bulletin reflects ouraspirations and our vision of the eventsand development in the Takafulindustry and the news of our companyin particular. In this issue we are tryingto convey to our readers what theyhave to know, and through it weeffectively communicate and display

what we intend to do. This is tointeract and draft resolutions sharedby our dear readers. Thus we representthe vision that we strive to share andrealize.

The new name "Vision", which wethink is more appropriate and moreexpressive of the goal of this bulletinreflects the picture that the companyforesees.

In this issue, I am glad to mentionthrough this forum the huge successthe company has achieved for thefinancial year ended 31 of December2007. The company has managedsuccessfully to achieve excellent andremarkable growth in the businesswith a historic record growth rate of

60% in written contributions whileour company's investment reached BD 19 mn. We were able to create theperfect balance in our business andthis is a proof of our commitment toour successful strategies that ensuresproviding unique and exceptionalinsurance services under the Islamicvalues.

This unique combination and healthycompetition we face in the market notonly boost our development process,but also maintains our success in thishighly competitive market. Thus, weare always committed to be on aleading position and to keep adoptinghigh standards and values with ourclients.

Younis J. Al Sayed Chief Executive, Takaful International

Exclusive Interview

Visits Takaful Family

In Focus News & Events

Page2

Page10

Page11 Our Pens

Page13

Page6

Page5

May Vision Final 16/6/08 16:44 Page 1

22

Exclusive Interview

Mr. Hussain Al Asousi Chairman

Takaful International, State of Kuwait

An exclusive

interview with

Mr. Hussain

Al Asousi

An observer of Takaful affairs clearlyobserves the continuous growth ofestablishing Takaful companiesthroughout the GCC countries. Manyeconomists see that the increase ofindividuals and organizations' insuranceawareness had made a qualitativeprogress in the insurance businessactivities as the region witnesses agrowth estimated by 16% in 2005compared to 4.3% worldwide. Nodoubt, there are several factors affectingthe Gulf experiment in the insurancemarket in general and Takaful inparticular such as GNP level improvementin most Gulf States. This is due to the riseof oil prices which resulted inconstruction boom extending fromOman's shores across UAE and Qatar tothe State of Kuwait in which insurancepremiums growth rate registered 24.5%in 2005 and in which the highest numberof Takaful companies operate.

In addition, the increase of insuranceawareness and availability of moderninsurance tools complying with thepeoples' beliefs and traditions hascontributed to the growth of Takafulindustry during the last ten years to arecord rate ranging from 15% to 20%. To highlight the future of Takafulindustry, success factors of Takafulcompanies entering the market and

projecting the future of Islamic insurancemarket, the editorial team interviewed anumber of insurance specialists to projectTakaful market components in thecoming years, new companies businessstrategies and future trends.

Editorial team hosted Mr. Hussain Al Asousi, Chairman of TakafulInternational Company, State of Kuwaitto talk about the new Company'sobjectives and his perspective of theKuwaiti Takaful market.

Insurance industry, in general, andTakaful, in particular, witnesses aqualitative boom especially in theGCC countries. In your opinion, whatare the reasons behind this boom andcan we contribute it to the increaseof individuals and organizations'insurance awareness?

The world market trend is an Islamictrend because of the increasing demandof Islamic products whether insurance,investment, finance or any othertransactions that contribute to theincreasing demand for such products,and hence drive investors into investingin this promising market by introducinginnovative products. This is primarily dueto various factors such as the availabilityof liquidity in the Gulf States, which

mainly results from the rise of oil pricesand the return of much Arab capital fromthe West and USA, especially after 9/11 events. On the other hand, the individuals' insurance awarenesswitnessed a qualitative boom because ofthe availability of alternative protectionthat meets their needs and requirementswithout any Shariah constraints. This results in the rising growth of Islamicinsurance market.

There are also a number of factorscontributing to preparing the suitableenvironment for the growth of Islamicinsurance. Many GCC states issuedlegislations and laws to organize theinsurance market in general and Takafulin particular. This has created a relativeassurance of capital owners to invest inestablishing Islamic companies andtherefore completing the Islamiceconomic system and creating theinsurance component to serve thecountry's growth in line with the Islamicbanks during the last two decades.

Hence, the above-mentioned factorshave contributed to creating a qualitativeboom of Islamic insurance, which isexpected to reach the same growth ratewithin the next ten years amounting to20% per annum.


3

The Kuwaiti market has recentlywitnessed the phenomena ofestablishing Takaful companies andmany economic analysts see that it isdue to the strength of Kuwait StockExchange Market. While achievingthe maximum returns on investmentsare on top of shareholders prioritiesupon establishing their companiesand then listing in the stock exchangeand stock trading, the focus oninsurance operations is not on top ofsuch companies' priorities. What isyour evaluation of such analysis andwhat is the Company's strategy in theKuwaiti market?

Regardless of the validity of such analysis,Takaful International Company isestablished to grow. Therefore, thestrategy on which the Company wasestablished is to expand this projectadopted by a number of Takafulinvestors on the regional and intern-ational levels as the Company will be asubsidiary of a holding company whoseregistered office will be located in DubaiFinancial Centre.

The Company shall benefit from thesuccess achieved by Takaful International- Bahrain in its capacity as the Company'stechnical consultant. Therefore, theCompany's strategic trends complement

the activities of a group of investors andthe Company has adopted strategies inline with the Group's long run strategies.Hence, we are at the point of talkingabout a clear vision that puts emphasison the operating processes on par withthe investment aspect.

Although the Islamic insurancemarket "Takaful" started a little latein the State of Kuwait, it is noticeablethat Kuwait occupies the firstposition in terms of number ofTakaful companies and therefore,competition is high among Takafulcompanies. What are TakafulInternational Company's successfactors to own a good share in theinsurance market?

There are a number of success factors. We greatly depend on the qualifiedadministrative elements such asexperienced personnel, and alliance withTakaful International Company, Bahrainwas fruitful in preparing high capacity re-insurance programs to stronglypenetrate into the Kuwaiti market. Our Company will not start from thescratch but it enjoys 17 years ofexperience and efforts to establish acomprehensive infrastructure that meetsthe market's continuous needs. In addition, we will introduce and market

innovative products in the Kuwaitimarket when we start our businessoperations. On the other hand, ourCompany shall provide captive business.

What are the products to beintroduced and what are the familyTakaful products within this list? How will you market such productsespecially since they are not availablein the Kuwaiti insurance market andnone of Shariah Supervisory Boardsof Takaful companies have approvedsuch products like other GCCcountries?

We think of introducing personal Takafulproducts that focus on individual familyTakaful and they are approved by ShariahSupervisory Board upon close co-operation between the Shariah Boardand insurance experts and specialists tointroduce such innovative products thatmeet the insurance needs on one handand are Shariah-compliant on the otherhand. Moreover, we have drawn anexpansion plan to market such products,which will make a qualitative progress inthe Kuwaiti market.

Do you see that the increase ofTakaful companies is a healthyphenomenon that can enrich theIslamic experiment in the insuranceindustry and complement the Islamiceconomic system initiated by theIslamic banks or it has negativeeffects in terms of competition whichmay make them lose heir ideologicalstrength as a Shariah-compliantinsurance protection? What do youprefer?

No doubt, the increase of Takafulcompanies is a healthy phenomenon forcompetition. This will, in turn, enrich theexperiment in terms of exerting moreefforts, innovation, development anduniqueness by introducing new productsthat comply with our tradition and beliefs and set new standards in Takafulindustry. In fact, I believe that Takafulindustry is an open market, which is the optimum field to introduce

3

The Editor-in-Chief during the interview with Mr. Hussain Al Asousi

Exclusive Interview


44

state-of-the-art service and qualityperformance. Hence, there is no roomfor fear in Takaful InternationalCompany. We can take the instance ofthe Islamic banks, which operated inmarkets and were able to accommodatethemselves with the market position andthis has resulted in developing theirproducts and services to create a newbusiness activity in the market. The samething applies to Takaful companies as weare penetrating into a promising andhealthy market encouraging inventingnew services.

On the other hand, if we look at thecurrent Takaful and Re-Takafulcompanies, we see that TakafulCompanies Association unveiled that ithas 25 members. Hence, it is a reality andnot a special case. Moreover, new Re-Takaful companies have been establishedto meet the direct Takaful companiesneeds and consequently we are in theprocess of having a comprehensive

insurance system.

Takaful companies are obliged toinvest their funds in Shariah-compliant channels and this may limittheir revenues compared to theconventional insurance companies,which have open market. We have aneconomic problem in terms ofmeeting the investors' aspirationsand limitations Islamic investmentmarket and reduction of revenues. Inaddition, deficit of policy holdersfund, if any, will increase theinvestment risks in Takaful companiesand shareholders will be obliged togrant interest-free loan to meet thecompany's contracting obligations.What are your expectations from theCompany's investment returns andhow the Company will compete toachieve higher capital return?

I disagree with you with regard to thelimitations of Islamic investment

channels. Discovering new promisingopportunities is no longer panic. There isdiversity and several risks as we do notoperate independently but we have avision and open horizon. We areprimarily an Islamic investment groupand our strengths are derived from theGroup's companies and strategies areestablished in compliant with theGroup's investment policy, which hasachieved many achievements. Reviewingthe performance of such investmentcompanies will increase the investors'confidence in dealing with TakafulInternational Company. Moreover, theregion witnesses a promising Islamicinvestment trend.

To this point, we concluded our meetingwith Mr. Hussain Al Asousi, Chairman ofTakaful International Company, State ofKuwait, and we will have new interviewswith high-profile insurance experts in thecoming issues to get acquainted with thepromising Takaful future.

Takaful International, Bahrain’s first and leadingIslamic Insurance Company offers you Hajj & UmraTakaful Program, in compliance with Sharia’a law andapproved by the Sharia’a Board.

Coverage includes

• Personal Accident cover• Medical Expenses cover during your

stay in Mecca, Madina and Jeddah.

Now, as you answer the call of Almighty, we answer the call for providing you protection!

Serving the Islamic world. Ensuring a safe pilgrimage.

Takafu lProgram

For more details, contact:Takaful International Co. B.S.C.Tel.: (+973) 17 565656 Fax: (+973) 17 582886 • E-mail: [email protected] Website: www.takafulweb.com

Exclusive Interview


55

Takaful instead of Conventional (Commercial) Insurance

Due to the lack of understanding the thinking of Takaful andIslamic insurance which may result from the faulty or defectiveapplication in several experiments in addition to unsoundanalysis and understanding of basic commercial insuranceactivities practice, there is unjust criticism to Takaful and Islamicinsurance for the above-mentioned reasons

Takaful application originates frominherent, comprehensive, integrated andcoherent thinking and is based on soundShariah principles, which prohibit thecommercial contracts and permit Takafuland Islamic insurance instead. The aim ofthis thinking which reviews insurance in apositive manner and an useful andrequired economic industry is to avoidrisks and provide the financial protectionon Takaful basis.

It also explains the true scientific, logicaland Shariah which relies on co-operationand donation to achieve such goalaccording to the rules, mainly: insurer,insured, government and scientificmethodology in managing such risks. The sound and technical basis andpractice of insurance activity determinethe role each of such rules plays in theeconomy and this industry to make therelationships among the parties compl-iant with Shariah and Islam and to be fair to all parties.

The principle differences betweenTakaful and commercial insurance areapparent in the legal dimension ofinsurance practice. They may match inthe main inputs such as the financial,administrative and technical input andrisk management of this industry ingeneral. Moreover, they match in theirmain outputs, namely the financial

protection such as compensations, futurefinancial reserves, returns on invest-ments, savings and remunerations.However, Takaful is different from thecommercial insurance in terms of basisand roles, and hence the economicinputs and outputs and consequent legalduties and rights.

Takaful thinking sees the insured(subscriber) as a person who avoids risks,co-operates with other insured, a provider of financial protection bycontributing money and therefore he isan actual beneficiary of insurance fundsand though he donates such money, he is still the owner of such money. In thecommercial contract, the insured is abuyer of protection from the insurer bypaying insurance premiums andtherefore, he no longer becomes theowner of such money or a beneficiaryand the insurer has a legal obligation tocompensate him to the maximum moneyand wealth he owns under the insurancecontact entered into between the twoparties. This is definitely a mere claim oncontrary to the true application of thecommercial contract. It is established thatthe protection is provided based on theinsurance premiums paid by the insured.

We will complete this subject in the nextissue.

Khalil ShamsSenior Manager

Personal & Commercial Line

IN FOCUS

In Focus


66

As part of Takaful InternationalCompany's interest in attracting newclients, the company has signed aninsurance agreement with GulfPetrochemical Industries Company (GPIC).This one-year agreement will provide allGPIC employees and their family membersan exceptional health and family insuranceunder Islamic values.

Takaful gladly welcomes GPIC in to theiresteemed client's family. The Company isaware and confident of their potentials inproviding the best insurance coveragesthat is suitable to Shariah.

Moreover, this agreement helps establisha healthy and professional environment toall GPIC employees along with respectingtheir rights for having the best health careservices

Mr. Younis J. Al Sayed, Chief Executive, shakes hand with Abdul Rahman Jawahery General Manager of GPIC

Agreement signed with Gulf Petrochemical IndustriesCompany (GPIC)

NEWS &

EVENTS

News & Events


77

Mr.Younis J. Al Sayed, Chief Executive, while signing the agreement with Mr. Stephen Rothel, Chief Executive of BFH

Mr. Younis J. Al Sayed, Chief Executive, while signing the agreement with Professor Abdulla Al Hawaj, President of Ahlia university

Insurancepackage dealsigned withBFH

MutualCooperationAgreementwith Ahlia University

Bahrain Financial Harbour and TakafulInternational Company signed aninsurance contract, which provides an allRisk Insurance Cover and risk solutions.

In this occasion, Takaful International Co.also expressed sincere gratitude andappreciation to the Management ofBahrain Financial Harbour for their rightchoice in selecting Takaful Internationalfor providing their insurance services.

Adding the fact that the company'sstrategy is to place the client at theforefront of the priority list and ascertainlong and cordial business relationship.

As for the contract, Takaful Internationalwill provide BFH with a comprehensiveSharia'a compliant insurance package,covering their assets for total amountexceeding US$ 326 mn. In addition, itwill extend them risk managementservices.

Moreover, BFH encourages not onlyforeign financial service providers toestablish branches in Bahrain but are alsocontinuously supporting well establishedand reputed companies based in theKingdom. BFH is considered a turningpoint in the market of finance andinvestment in the Kingdom and the firstfinancial center, which provides all theinfrastructure demands and supplies.

Takaful International and Ahlia Universitysigned a Memorandum of Understand-ing subject to which Takaful Internationalwill provide all insurance services andcovers to Ahlia University.

This memorandum will enable both

parties to carry out flexible and quickinsurance operations as Takaful'sinsurance operations will cover all riskmanagement, fire and riot insurance, in addition to personal accidents,employee's life insurance and healthinsurance.

In addition, the Memorandum is asincere gesture to promote the strongand continuous relationship betweenboth parties by providing all theinnovative Islamic insurance services toraise the university academic standards.

News & Events


88

Mr.Younis J. Al Sayed, Chief Executive, signs the agreement with Mr. Ali Al Daylami General Manager of Tas’heelat Insurance

During the Press Conference

Takaful International & Tas’heelat Insurance launchthe first insurance product dedicated to women

Takaful International and Tas'heelatInsurance have launched a joint insuranceproduct dedicated to females "Heya"meaning "she". This product will coverchronic diseases pertaining only to womenin addition to personal accidents, variousmedical examinations provided by preferredhospitals and Second Medical Opinionprovided by specialists from the UnitedStates.

The product proves the company'scommitment towards introducinginnovative products that cater to customerneeds and keep abreast with the modernadvancements. Moreover, it reflects thecompany's interest in providing specialinsurance solutions for women, whichcomes as recognition of their effective rolein bringing up generations andenhancement of their leading communitystatus in various aspects.

The insurance policy will contain four mainschemes, namely: critical illnesses treatment,personal accident coverage scheme, andannual medical checkup scheme. It is worthmentioning that this product includesproviding more than one independentmedical opinions in case of diagnosing acritical illness by experienced worldspecialists to make sure that the properdiagnosis and best treatment is received.

And signs mutual memorandum agreementTakaful International signed amutual memorandum agreementfor a mutual product "Baitak" withTas'heelat Insurance.

Through this agreement and theproduct "Baitak", the customers willbe able to secure their precioushomes and belongings, the policycovers protected homes from fires,storms and water leakage risks anddanger. In addition, it will protect

the belongings from personalaccidents such as home breach.

This agreement will enableTas'heelat Insurance clients tobenefit from this product'soutstanding and satisfactoryinsurance services, which TakafulCompany provides under highIslamic standards suitable forvarious market demands.

News & Events


99

Mr. Younis J. Al Sayed, Chief Executive, Takaful International (center) with Mr. Adel Al-Hamad, CEO, GARMCO (left) and Mr. Zakareya Buallay, GM - Administrative Affairs, GARMCO (right)

Signing ofanother InsuringAssets andPropertiesContract withGARMCO

“The Gulf Aluminium Rolling MillsCompany (GARMCO) has awardedTakaful International the tender forinsuring its assets and properties forthree successive years”, said Mr. Adel Al-Hamad, GARMCO's CEO. TheCompany has adopted the policy of totaltransparency in insuring its assets and

properties, according to the highestinternational insurance standards", said Mr. Al-Hamad, expressing his apprec-iation on the cooperation shown byTakaful International in fulfilling all theterms and conditions of the Tender.

This operation took place through theCompany's Tender Board, incoordination with the internationalinsurance consultant, AON. Five localinsurance companies participated in thetender, including Takaful International,which was awarded the tender becauseit had offered the best technicalinsurance conditions, in addition tooffering the best covering price, amongthe companies participating in thetender.

Moreover, there is a distinguishedtechnical team that has conducted astudy of the international market thatprovides the best covers of these risks,and has cooperated with majorreinsurance companies, including ACE Ltd. and RSA.

The Takaful international companyconsiders this operation as one of itshighly important insurance operations inwhich it helps the company to headsteadily towards more development in away that realizes its ambitions andcommitment to provide all coversappropriate to these risks.

And while signing the contract

News & Events


1010

The delegation from Takaful International visiting Jordan Hospital

And in a visit to Al Khalidi Medical Center

A trip to several hospitalsin the Kingdom of JordanA delegation from Takaful International Company had visited severalmedical hospitals in the Kingdom of Jordan to have a thorough anddeep overlook of the operations for a better understanding.

In addition to providing several advanced health care policies outsidethe Kingdom, this visit will empower and enhance the cooperativerelation between the company and Jordan's hospitals.

Visits

The late Dr. Hilal Al Shaiji with Mr. Younis J. Al Sayed

In Fond Memories

I express my heartfelt condolences at the demise

of my dear friend and a distinguishing

personality - Dr. Hilal Al Shaiji, whom I had

known for the last several years. I recall meeting

him last at the signing ceremony with Al Ahlia

University, providing them insurance coverage.

I cherish our youthful days when we were in

Kuwait together; sharing an accommodation,

to pursue our higher studies; I was doing my

degree and he was preparing for PH.D from

Al-Azhar University. I have always admired his

disting-uishing qualities; highly intellectual yet

simple, held top positions yet so humble.

In short, a great mentor in all aspects.

Few personalities leave behind an everlasting

impression which words can never express.

May his soul rest in peace.

Younis J. Al Sayed


1111

As part of its continuous endeavors todevelop the Bahraini talents and theCompany's plans to promote outstand-ing personnel to gain the main skills,Takaful International Companydelegated Mr. Redha Derbas, Head ofSection - General Takaful to theRepublic of France to attend a re-insurance training course.

This international study will review the best covers and the highestinternational insurance standards andhow to select the best programs toprotect the company against any risks.

Redha DerbasHead of Section - General Takaful

Re-insurance training course, France

The management ofTakaful International ext-ends its gratitude towardsthe staff who have left andwishes them good luck forall their future endeavors!

Good luck& Farewell

Yousif AhmedAl Malood

Faisal Hussain NajafSara Abdo FathBeshara

Nazia Khalil Kazi

Dana Abdulla Al-Mansoori

Takaful Family


1212

Congratulations and all thebest wishes to the followingstaff who have beenpromoted and gone up thecorporate ladder.

The management of TakafulInternational welcomes thefollowing staff who havejoined our family.

Khalil ShamsSenior Manger

Personal & Commercial Line

Ahmed Ebrahim SwailemSenior ManagerMajor Account

Raef Al Hammad Manager

Motor & Branches

Noor Al NasserManager

Public Relations

A. Aziz Al OthmanDeputy General Manager

Younis J. Al SayedChief Executive

Essam Al AnsariGeneral Manager

S. Jaffar Khalil Hussain Manager - Information

Technology

Manal JassimA. Rahman

Mohammed RashedAl Sutaihi

Asma Ali Abdulla Ali Sarah Hassan Mohd Amer

Jassim Mosa Malik Afnan Jassim Arayyedh

Hesa Ali Salman Michael Angelo Haya Saleh Binhindi Abdulla KhaledAl Jalahma

Hussain Ali Al Banna Salah MohammedAwadhi

Welcomingnew joiners into theTakaful Family

Up the ladder!

Takaful Family


1313

3 Easy Steps for Takaful CoverageEnhancement (Commercial Lines)

Dear Reader,

If you are an owner of a businessenterprise or responsible for fulfilling theInsurance/Takaful requirements of yourorganisation, the following questionsmight cross your mind:

1. Do I/the organisation have the opti-mum Takaful protection?

2. What are the Takaful policies that bestsuit my/our business?

In our continuous endeavour to enhanceour service to our esteemed clients, we atTakaful International would like to assistyou in choosing the adequate covers thatsuit your line of business. To achieve this,simply follow the three steps mentionedbelow and leave the rest to us:

1) Go to the heading which bestdescribes your business.

2) Cross (X) the box if Covered and leaveit blank if Not Covered.

3) For new requests or enquiries kindlycontact our Commercial and PersonalAccounts Manager on 17 565668 orfor policy renewals the person who isfollowing your renewal to explain toyou the necessary steps to be taken toenhance your coverage.

Shop Owners & Retailers

Fire, Special Perils & Theft

Riots, Strikes, Malicious Damage,

Sabotage & Terrorism

Public Liability

Employer’s Liability

Personal Accident to owner of shop

& partners

Money in Transit/Safe

Marine Cargo

Banks & Financial Institutions

Bankers Blanket Bond




Electronic Equipment

Credit Cards

Fidelity Guarantee

Credit Takaful

Professional Indemnity

Public Liability


Personal Accident

Directors and Officers

Engineers & Contractors

Contractors All Risks

Erection All Risks

Contractors Plant & Machinery

Decennial Liability for Major Projects


Hospitals & Clinics


Business Interruption



Electronic Equipment

Plate glass

Medical Malpractice

Public Liability


Money in Transit/Safe

Hotels & Restaurants

Fire, Special Perils & Theft or Hotelier’s ComprehensiveBusiness Interruption Riots, Strikes, Malicious Damage,Sabotage & Terrorism Plate glassPublic LiabilityEmployer’s LiabilityMoney in Transit/SafeGoods in Transit coverMachinery BreakdownBusiness Interruption followingMachinery BreakdownDeterioration of stock followingMachinery (Freezers) Breakdown

Commercial Buildings & Offices

Fire, Special Perils & Theft or Office ComprehensiveAlternative accommodation Riots, Strikes, Malicious Damage,Sabotage & Terrorism Plate glassPublic LiabilityEmployer’s LiabilityPersonal AccidentMoney in Transit/Safe

Manufacturers & Workshops

Fire, Special Perils & Theft or PropertyAll Risks for larger industrial firmsBusiness Interruption Riots, Strikes, Malicious Damage,Sabotage & Terrorism Electronic EquipmentPublic Liability Employer’s LiabilityMoney In Transit/SafeBoilersMachinery BreakdownBusiness Interruption followingMachinery BreakdownDeterioration of Stock followingMachinery Breakdown

Directors and Officers

Ahmed A. Qudoos AhmedSenior Manager, Business Development

Our Pens


114

Our Pens

º°ùª°ùe ¢ThôØæN¢ü∏îj’ πÑb ≥◊EG

¬«aƒÑdG ≈∏Y Ωƒég

¢

¢ùªëàe ™é°ûeáHÉ°UE’G ºZQ

…O ∂°ùØf ºMQEGIƒ∏M áªMôdG

√ôμdG ±ôYCG »¨HCGøjh ∑É°üYh øjh

∂°ùØf …ƒ°ùJ?¢û«d ¿Éæa

GPEG ¢Shób kAÉLQ¢û¨J’ Ö©∏àH

øY πcÉf ó©H …ƒ°ùf ¢Th»°T’h ÜÉ©dCG ‘ ’ π∏ŸG

‹hódG πaÉμàdG Öîàæe

Lawyers & Consultants

Fire, Special Perils & Theft or

Office Comprehensive

Business Interruption



Professional indemnity for solicitors

and lawyers


Personal Accident

Money In Transit/Safe

Other Takaful Products applicable toall groups

Motor Comprehensive

Healthcare for Groups (corporates

with more than 10 employees only)

Family Protection or Life

(groups & individuals)

Education Plan (individual)

Savings Plan (individual)

Hajj & Omrah (large groups only)

Travelers Emergency Medical

Domestic Help

Important Note

There are other cover packages availablefor various groups and the ones listedabove are the most common ones.

NLetter Centre Pgs 08 16/6/08 16:36 Page 1

Documents

Semi-Annual Newsletter Issue 8 June 2008 Vision of a refreshing change · Semi-Annual Newsletter Issue 8 Vision of a refreshing change Dear Readers Once again we are pleased to bring