Allied Insurance launched “Ayady Takaful”

Allied Insurance launched “Ayady Takaful”

The new Islamic Window of Allied insurance “Ayady Takaful” was launched by the Minister of Islamic Affairs, Dr.Mohamed Shaheem Ali Saeed at an Official Ceremony held at Traders hotel on Tuesday 25th February 2014.

The Ceremony was attended by the Board of Directors and Executive Management of Allied Insurance and State Trading Organization (STO). Ayady Takaful Shari’ah Board Members and representatives from major financial institutes; Maldives Monetary Authority, Bank of Maldives and Maldives Islamic Bank also participated at this special event.

Speaking at the ceremony, Managing Director of Allied Insurance Company of the Maldives Pvt Ltd, Mr.Ahmed Ameel said that being the only local insurance company in a 100% Islamic country, it is a great honor for the company, to introduce Islamic Insurance in the Maldives. He further said that the company has worked for 03 years to reach the goal.

Minster Mr.Mohamed Shaeem Ali Saeed also addressed the audience highlighting the importance of Islamic Finance and he thanked Allied Insurance and other respective parties involved in introducing Ayady Takaful.

Ayady Takaful’s website was also launched in the ceremony. This website will deliver thorough information on Takaful products in a more customer-centric manner. Customers can also get real-time responses to their queries.

Ayady Takaful has begun with 9 Takaful products which are Motor Takaful, Home Takaful, Travel Takaful, Cargo Takaful, Money Takaful, Fire Takaful, Consequential Loss Takaful, Hull Takaful and Contractors All Risk Takaful. 

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