Nexus, the region’s leading financial adviser, on Wednesday announced the launch of a unit-linked Takaful and Savings Plan in the UAE, designed to provide investors with a Shariah-compliant opportunity to protect wealth for the future.

The new Takaful and Savings Plan has been developed in partnership with Dubai Islamic Insurance and Reinsurance Company (Aman) and an international market leader in Takaful, FWU Group.

Demand for Takaful products in the Middle East has increased sharply in recent months, with investors increasingly seeing the benefits of the transparency and security of such funds, as well as their adherence to Islamic ethical expectations, said a top Nexus official.

"The Takaful market was becoming increasingly sophisticated in response to customer demand, providing an equivalent level of return to conventional financial products, as well as a high level of transparency and flexibility," noted Mahmoud Nodjoumi, Nexus founder and CEO.

"In launching this new Takaful and Savings Plan, we believe we are providing an important opportunity for our clients.”

The unit-linked Takaful and saving plans can be adapted for either regular or lump sum contributions, he said.

To support the launch of the new product range, Nexus has ensured that over 75 of its leading advisers in Dubai and Abu Dhabi have attended comprehensive training to work with Takaful products, as part of the Nexus ethical selling commitment to their clients.

While Nexus offers a highly comprehensive panel of personal and corporate financial products, it is confident that Takaful will emerge as one of its most popular lines over the next 12 months.

“We believe that demand for this product range will continue to rise over the coming months, particularly as customer awareness increases. We at Nexus have invested in our people to ensure the knowledge to promote and support this dynamic sector, and we anticipate a strong response,” Nodjoumi added.

Nexus was recently named as the Middle East’s 'Personal Lines Broker of the Year' at the Middle East Insurance Awards 2008.-TradeArabia News Service