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Shari'ah Products launched by Friends Provident

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News - Latest
Written by Administrator   
Monday, 10 January 2005 14:29

Friends Provident International has joined with Bahrain-based Islamic insurance and Takaful (Islamic insurance) provider Solidarity Family Takaful to offer two new products designed for the Islamic market.

The Regular contribution Solidarity Savings Plans (SolidHajj/Umrah, SolidMarriage, SoildEducation, SolidRetirement and Solid Start) are specifically designed to comply with Islamic law. They are unit linked and offer access to a range of Shariah-compliant Solidarity mutual funds.

The plans incorporate life cover and the term can range from five to 20 years in duration.

The partnership comes months after FPIs bancassurance partnership with the National Bank of Abu Dhabi in June.

Paul Tunnicliffe, director of International Operations at FPI said, This is another demonstration of FPIs ability to work with international partners in order to seize opportunities in the market.

 

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