HSBC and Allianz Takaful, a major player in the Takaful insurance, have jointly announced a Bancassurance partnership to promote Islamic insurance products in Qatar.
Javed Akhtar, HSBC senior area sales manager said: “We developed this strategic partnership with a leading and established Takaful product provider in recognition of our customers’ need to have access to quality Takaful products. We are very confident that this tie-up will enable us to better serve the needs of our customers.”
Through qualified financial planning managers located in a network of branches around Qatar, the bank will promote and sell ‘family Takaful products’ comprising plans for protection, savings, investment and children’s education. The products are denominated in dollars and riyals and are available to both conventional and Islamic banking customers.
Commenting on the partnership, Abdulrahman Khalil Tolefat, Allianz Takaful chairman said: “HSBC is a global partner for Allianz and we are one of the bank’s preferred services providers. We are very proud to have formed this partnership here in Qatar and to be able to offer our products to HSBC and Amanah customers. HSBC customers will now get access to Allianz’ state-of-the-art Shariah-compliant products and services through HSBC relationship managers in their branches.”
Courtesy by: Gulf Time
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