Dubai – Mubasher: Noor Takaful, a wholly-owned subsidiary of Dar Al Takaful, has entered into a strategic partnership with Ajman Bank to meet the Takaful requirements of the bank's customers.

Under the partnership, the bank will have access to a comprehensive range of Takaful insurance services, savings, and investment products across its various sectors, according to a press release on Monday.

Moreover, new and existing customer databases across each product category will be provided with various offerings as part of the partnership.

The UAE is the largest life insurance market in the GCC region with total gross premiums of $8 billion.

The CEO of Noor Takaful, Rajesh Sethi, said: "Distributing Takaful Solutions within the bank network simply accelerates industry development and contributes to its robust economic growth."

Meanwhile, the CEO of Ajman Bank, Mohamed Amiri, noted: "Through this special alliance we combine the expertise of Noor Takaful with our extensive network that in turn will allow us to maintain a competitive edge in the market by offering best-in-class, integrated, and efficient solutions driving greater value for our clients."