Peter Egger, deputy GM of Takaful Emarat has told The Islamic Globe that the Emirati Takaful firm is looking to expand to overseas markets. He said: “Once we reach break-even in our home market, we plan to expand in the Middle East and in a later stage to European countries with significant Muslim communities such as the UK, Germany, France and Austria.” (full story)Egger was attending a press conference in Dubai announcing Takaful Emarat’s launch of a suite of new products to boost its market share in the UAE. “Takaful Emarat’s three new life saving plans cover education, general savings and wealth management,” said Ghassan Marrouche, GM at Takaful Emarat. According to Marrouche, Takaful Emarat plans to generate AED65m ($17.7m) gross written premiums this year. “In order to serve the needs of high net worth individuals, we developed the ‘Wealth Plan’ suite, which allows customers to participate in a wide range of Shari’ah compliant funds in addition to Takaful protection,” Marrouche explained.
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