Takaful Emarat Launch New Investment Fund
19 May, 2012
Takaful Emarat, the UAE-headquartered Shari’ah compliant life and health insurance company, has joined forces with Saudi Arabia's Riyadh Capital to launch a new Shari’ah compliant, capital-protected global equity investment fund. The fund is designed to be a long term saving venture with a high degree of capital protection. It is a global fund and is linked to the performance of selected Shari’ah compliant stocks, chosen for their high cash flow and low debt to equity ratio. Participation in the fund is offered to Takaful Emarat’s new and existing holders of their education, whole life and wealth plans.
Commenting on the announcement, Ghassan Marrouche, Chief Executive Officer at Takaful Emarat, said, ‘The takaful industry - like many other growing industries - is facing a number of challenges. One of them is the limitation regarding Shari’ah compliant investment for takaful plan holders. Takaful Emarat, in its capacity as a specialised life takaful company, will continue to keep close relationships with its customers to ascertain their varying saving needs. We strive hard to come up with the solutions such as our newly-launched Takaful Emarat Capital Protected Fund, to give our clients a perfect combination of protection and saving under one takaful plan.’