Al Madina Takaful launches newsletter for stakeholders

10/02/2015 06:22 AST

Dr Mohammed Al Barwani, Chairman, Al Madina Insurance Co. unveiled the inaugural issue at a ceremony. The quarterly newsletter, promises to serve as a communication and listening platform for the company.

It aims at building a community that is one with the values of the company, and in realising the vision the company shares with the regulators for enhancing awareness of Takaful.

The company believes that ‘Connect’, another industry-first from Al Madina, will be an engagement and listening platform and a vehicle that will share insights into the category, the challenges and opportunities.

Speaking on the sidelines of the launch of Connect, Usama Al Barwani, Deputy CEO, Al Madina Insurance Co. said, “Building awareness and understanding of Takaful and its various applications in business is a key focus for Al Madina Insurance.

We believe that the potential for adopting Takaful way of securing individuals and business is immense, and we have a lot to offer to corporates and individuals alike in this discipline. ‘Connect’ will help us highlight those advantages, and also educate our customers.” The inaugural issue of ‘Connect’ also has the appreciation and participation of members of the Sharia board and the regulators.

“We are grateful for the immense support and appreciation that we have received from the Capital Market Authority. We are very proud to share the vision of CMA to enhance awareness of Takaful”, Usama added.

Established in 2006, Al Madina Insurance Co. is one of Oman’s largest insurance companies offering a wide range of products and services for the retail and business segments. The Company is promoted by leading financial institutions and prominent business houses from Oman and across the GCC region.

The portfolio of offering includes Motor, Marine Cargo & Hull, Life & Medical, Engineering, General Accident, Liability, and Fire & Property.

Al Madina Insurance Company is backed by a strong and committed shareholders group from Oman and the GCC region led by MB Holding, Al Madina Financial & Investment Services, Ministry of Defence Pension Fund, Diwan of Royal Court Pension Fund & Doha Bank.

Oman Daily Observer