UAE-based National Bonds Corporation, a leading investment company providing innovative Shari'ah-compliant financial products and services, has signed a strategic deal with Islamic Arab Insurance Company (Salama).

Through this new collaboration, National Bonds customers will have exclusive access to brand-new, tailor-made Takaful protection packages from Salama, a leading provider of Shari’ah compliant Takaful solutions.

A form of co-operative insurance, Takaful is an integral part of the financial planning cycle that reduces the pressure as one builds their savings.

One of the oldest Shari’ah compliant insurance providers in the world, Salama brings its vast experience to National Bonds savings products, said a statement from the company.

National Bonds Corporation CEO Mohammed Qasim Al Ali said: "We are very pleased to be collaborating with Salama and enhancing the services which we offer to our customers. This ensures that our customers have access to unparalleled protection, exclusively designed for our savings products."

Al Ali said the company was committed to maintaining its position as a trusted savings advisor and was always seeking to enhance the services offered to customers.

"This partnership is an ideal addition to our existing product offering and, moving forward, we will remain focused on making saving simpler, more convenient, and more secure for residents across the UAE," he noted.
 
The newly-introduced Salama protection packages will be available exclusively to National Bonds customers. Each package is tailor-made for the National Bonds’ savings plans, designed to complement each individual package.

The protection packages are also comprehensive, providing a range of solutions, including life coverage, complimentary payment protection, personal accident cover, critical illness, and more, said the company in a statement.
 
Parvaiz Siddiq, chief operating officer, Salama, said: “We are pleased to be working with National Bonds and expanding the reach of our Takaful solutions.”

“At Salama, we aim to cater to the diverse needs of our customers and provide them with leading, Shari’ah compliant protection solutions,” stated Siddiq.-TradeArabia News Service