Noor Takaful receives Takaful Leadership Award for Best Marketing in the Mid East

Second year in a row Noor Takaful has won the award

Fraz Chishti (left), Corporate Communications and Marketing Manager, receives the Best Marketing – Middle East award from Baron Sheikh of Cornhill in the City of London, at the Takaful Leadership Awards 2011.

Dubai, August 16, 2011: Noor Takaful, the Islamic insurance arm of Noor Investment Group, has been recognised at the Takaful Leadership Awards 2011 with the Best Marketing – Middle East award.

It is the second year in a row that Noor Takaful has been honoured with the award, which was presented during the International Takaful Summit 2011, held in London recently. The Takaful Leadership Awards recognise the achievements of companies and individuals that have made significant contributions and shown leadership in the fields of Takaful and Re-Takaful.

Since its launch in January 2009, Noor Takaful has committed itself to being at the forefront of the Takaful sector in the Middle East. This latest award recognises Noor Takaful’s contemporary approach to Islamic insurance which has seen it provide a series of innovative products and services for its customers, including the GCC’s first e-Takaful service providing instant quotes and online payment facilities. This approach has enabled Noor Takaful to have an immediate impact on the Takaful sector, securing a solid 12% share of the UAE Takaful market in just two years of operations.

Parvaiz Siddiq, Chief Executive Officer, Noor Takaful said: “As a two year old company it is a source of great pride for us to receive this award for the second year running. It is an independent assessment of how the Noor Takaful brand is perceived as an innovator and leader in the Takaful sector. We remain committed to ensuring our customers and business partners enjoy the highest levels of service and to meeting their expectations of the most effective and innovative solutions for their insurance needs.”

About Noor Takaful Noor Takaful is the Shari’a compliant insurance brand of Noor Investment Group LLC. Through its 2 entities Noor Takaful Family PJSC and Noor Takaful General PJSC, it offers a broad range of Sharia’a compliant general and family takaful products. Noor Takaful’s business model is founded on the Sharia’a principle of wakalah. Noor Takaful administers the process of participation, manages collection of the takaful contribution and processes the claims according to the contract agreed with the participants. In addition, Noor Takaful will also act as a trustee for investing funds in Sharia’a compliant structures to generate returns on the contribution paid. Noor Takaful aims to set new standards in the region’s booming takaful industry with a focus on service innovation. Noor Takaful’s products and services are governed by a Sharia’a supervisory board comprising of well-known Islamic scholars.

For more information, please visit: www.noortakaful.com