Business | Banking
Salama taps BNP Paribas to offer Sharia-compliant insurance in UAE
Salama, Takaful and Re-Takaful Group has tied up with asset manager BNP Paribas Investment Partners to offer BNP Paribas' flagship Islamic Fund, the Global Equity Optimizer, to investor returns linked to Sharia-compliant global equity markets, including Asia, Europe and the USA.
- Staff Report
- Published: 16:54 September 7, 2008
Dubai: Salama, Takaful and Re-Takaful Group has tied up with asset manager BNP Paribas Investment Partners to offer BNP Paribas' flagship Islamic Fund, the Global Equity Optimizer, to investor returns linked to Sharia-compliant global equity markets, including Asia, Europe and the USA.
The fund uses an actively managed optimisation strategy, which has consistently outperformed the global benchmark, the Dow Jones Islamic Market Titans 100 Index.
Salama will provide customers with Sharia-compliant insurance with value-added investment services that cater to clients' long-term investment needs.
Salama presents an assembly of diverse Sharia compliant unit linked insurance products to its clients; with BNP Paribas's asset management services it is possible to offer the best of class Sharia compliant investment opportunities.
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