IslamicFinance.de

Global Banking and Finance Review has announced Medgulf Allianz Takaful BSC (c) as the winner of the award 'Best Bancassurance Distribution Network Bahrain 2013'. The award honours the company's distribution network and regional presence. Medgulf Allianz Takaful was selected by the judging panel of Global Banking & Finance Review considering quality, performance and community commitment.

Medgulf Allianz Takaful a cheque and several gifts to the children of Alia School for Early Intervention. The initiative is part of their Corporate Social Responsibility programme. More than 100 students with special needs are given education at the school. The donation comes from an internal sales campaign during Ramadan.

Read more on: http://www.ameinfo.com/medgulf-allianz-takaful-donates-alia-school-315607

Takaful statistics reveal that the growth of the business is slowing, amplifying pressure on the sector to boost efficiency, roll out new products and try out new markets.
According to Shyam Sankar, regional head of insurance sales through bank channels at Bahrain-based Medgulf Allianz Takaful, the industry's big challenges contain building product awareness and making consumers realise the importance of saving over the long term.

Bahrain’s BMI Bank has signed a strategic agreement with regional insurer Medgulf Allianz Takaful.
This agreement will allow the bank to present customers a suite of life and non-life Takaful products through its branch network.