3i Infotech, a global financial technology solutions and services provider, has been awarded Best Takaful Technology Company at the recent fifth International Takaful Summit 2011 in London.

The achievement recognises 3i Infotech’s work with Takaful companies located in Asia particularly South-East Asia and the Middle East, and Africa.

The award was presented by Lord Mohammed Sheikh, chairman of Camberford Law, and was timed to coincide with the Takaful summit.

Ashish Dass, senior vice president and regional head – Mena, 3i Infotech, said: “The demand for Takaful financial products and services has grown rapidly over the course of the past few years, as individuals and businesses recognise the benefits that the market can deliver. We are pleased to be able to offer a solution that meets the needs of this rapidly increasing insurance market.”

“We are continuously investing in technology and best practices in our product - Premia, in line with the innovations the Takaful industry demands.”

“We will further strive to ensure that we are together in line with all Takaful innovations from a technology perspective. This award once again underlines the confidence that our clients continue to have with this innovative approach,” he added.

Chandrashekar M S, president and global head – Software Products, said: “The Islamic finance industry is predicted to become a growth engine for the finance sector globally.”

“As a leading supplier to this sector, we have knowledge and experience fully embedded in our software solutions, hence we are well-positioned to support the global expansion of Takaful,” he added. – TradeArabia News Service