Salama, Islamic Arab Insurance Company (Salama), the first Takaful insurer in the Middle East, and Ajman Bank have entered into a strategic partnership to provide Takaful solutions to Ajman Bank customers.
Salama Islamic Arab Insurance Company has announced the successful completion of a multi-year capital restructuring programme that has helped the Emirati takaful insurer to restore its financial position. The revamp included a AED456 million ($124.2 million) capital reduction to eliminate accumulated losses.
