Methaq Takaful Insurance, a leading Shariah-compliant Takaful insurance firm, is planning innovative Takaful products that will be launched in 2010, a top official of the firm said at a meeting of insurance broker partners.

This will be in addition to the new strategies that will be adopted to enrich the Islamic Insurance industry in the region, said Dr Omar Fisher, advisor to the board, at the two meetings held in Dubai and Abu Dhabi.

“The primary focus of Methaq Takaful Insurance Company is to apply the highest standards of ethics and corporate governance in our day to day operations,” said Dr Fisher.

“We are also pursuing an aggressive growth strategy encompassing regional expansion, creating newer distribution channels, rewarding our broker partners through a Premier Brokers Club concept, besides building a well diversified portfolio mix, with the aim of providing seamless and high quality customer service to our clients,” he added.

Dr Fisher continued: “We intend to set new Islamic insurance service standards as part of our efforts to present Methaq as a top notch Takaful insurance service provider.

“It is not surprising, therefore, that we are aiming to attain a leadership status among Takaful Insurance companies, which we believe is achievable, through our professional expertise and by adopting best of breed technologies.”

Samer Kanan, managing director of Methaq Takaful Insurance, said: “Takaful Insurance has achieved phenomenal success despite the recent financial swings and global economic crisis, and we therefore see massive opportunities for the growth and development of Islamic takaful in the region.”

“Our drive to succeed and  to  further enhance  our position as one of the market leaders stems from  this belief, and further driven by our technology,  our commitment towards society , ably supported by a well constituted board of directors,” said Kanan.

“We, at Methaq, lay great emphasis on hiring the best local talents, as well as the best brains from the GCC and other Arab countries, as we pursue our goals and objectives. In addition, we seek to leverage the experience of international experts who can add value to the Islamic Insurance industry by providing a global perspective and guide us into a strong leadership position,” Kanan added. – TradeArabia News Service