Norton Rose Group is a leading international legal practice. We offer a full business law service from offices across Europe, the Middle East and Asia.
Knowing how our clients’ businesses work and understanding what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across borders, enabling us to support our clients anywhere in the world. We are strong in corporate finance; financial institutions; energy and infrastructure; transport; and technology.
The Group comprises Norton Rose LLP and its affiliates. We have over 1000 lawyers operating from offices in Amsterdam, Athens, Bahrain, Bangkok, Beijing, Brussels, Dubai, Frankfurt, Hong Kong, Jakarta*, London, Milan, Moscow, Munich, Paris, Piraeus, Prague, Riyadh*, Rome, Shanghai, Singapore and Warsaw.
Visit: www.nortonrose.com
Allianz Takaful is a fully owned subsidiary of Allianz Group, one of the world’s leading insurers and financial services providers. Founded in 1890, Allianz is now present in more than 70 countries with nearly 155,000 employees. Allianz provides its approximately 75 million customers worldwide with a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, asset management and banking
Allianz Takaful, headquartered in the Kingdom of Bahrain, is the Group’s global hub for innovative Takaful services. Under Family Takaful, Allianz Takaful makes available programmes for life and health protection, savings, retirement, child education and capital guarantee plans. Allianz Takaful General offers a wide range of Takaful non-life products such motor, household and corporate insurance.
The Company taps into the strengths of its Global Group to provide the most innovative solutions for clients. Allianz Takaful works with a vision to become the most trusted provider of Islamic Financial Solutions which are highly recommended by customers and investors. In order to ensure this, Allianz Takaful has established its own Shari’aa Supervisory Board (with renowned Shari’aa Scholars Shaikh Nidham Yacouby as Chairman and Shaikh Ossama Bahr as member), to vet on all aspects of the company’s products and operations. The Shari’aa Board is shared with Allianz Global Investors which, among others, provide Islamic Funds for the Takaful Company.
Also, Allianz Takaful ties in other Allianz Group companies such as Nextcare, a third party administrator, and Euler Hermes, the Groups’ Credit insurer. This enables the Company in Bahrain to offer a comprehensive set of services and product offerings to meet its clients’ needs.
Securing our Future. Together.
SALAMA - Islamic Arab Insurance Company is a leading provider of Shari’ah compliant insurance solutions (Takaful) around the world. Right from our incorporation in 1979 in Dubai, UAE as pioneers in the Takaful industry, to our present day distinction as the world's largest Takaful and Re-Takaful Group, we have always stayed true to our values and principles.
SALAMA has a paid-up capital of USD 300 million (in excess of AED 1 billion) and is listed in the Dubai Financial Market. Our stability and success can be attributed to our strategy of focusing on core business areas. SALAMA has been rated “A-” by A.M. Best and “BBB+” by Standard & Poor’s. SALAMA serves both individual and institutional customers through its extensive global network. At present, we have 6 direct Takaful companies who provide Shari’ah compliant insurance solutions to customers in the UAE, Saudi Arabia, Egypt, Senegal, Algeria and Jordan. BEST-Re, our Tunis-based operation, is the world’s largest Re-Takaful company, serving customers in more than 60 countries. The commitment to raise the company to the top is further reinforced by the ISO 9000 Certification achieved in the shortest possible time along with the monitoring mechanism in place to assess and evaluate the effectiveness and efficiency of the systems.
SALAMA is UAE’s specialised takaful company, offering comprehensive range of General, Family and Health takaful solutions to individual, families and companies. Our credibility, reputation for quality, high standards of services and access to the Takaful’s best practices mean that SALAMA is uniquely placed to provide access to quality and affordable takaful solutions.
As SALAMA continues to expand its customer base of over 65,000 insured members and companies in the UAE, we are dedicated to become the Takaful operator of choice. Personalised service, customer dedication and development of Shari’ah compliant products that fulfil our customers’ needs are just some of the new promises that we are making. Our structure and products are designed around our customers. SALAMA with you, securing the future together.
Visit: www.salama.ae
BEST RE was incorporated in 1985 as a reinsurance company, to transact business in accordance with Islamic principles. As such it is the Re-Takaful pioneer in the world and aims to maintain its leadership in this fast growing market.
BEST RE’s mission is to promote Retakaful by being an effective field partner and a competence & technology hub delivering professional, proximity reinsurance services in the emerging markets area.
Its headquarters are based in Tunis and it operates in more than 70 countries through a network of five regional offices located in Labuan (Malaysia), Beirut (Lebanon), Algiers (Algeria), Dakar (Senegal) and Istanbul (Turkey).
BEST RE’s gross written premium reached US$ 258 million in 2008, generating a net profit of US$ 10.6 million.
BEST RE accepts treaty and facultative business in Marine, Non-Marine and more recently Family Retakaful classes.
Over the last 12 years, BEST RE has enjoyed good ratings from both A.M. Best and Standard & Poor’s. This, coupled with consistently operating results further strengthens BEST RE’s position in order to better serve its partners in the emerging markets of Asia and Africa
Takaful Re is dedicated to offer Shari’a compliant reinsurance and related services to the growing Takaful and Islamic insurance markets. Takaful Re is promoted by Arig, a leading reinsurer in the Middle East for more than 25 years with worldwide recognition in the conventional market.
Takaful Re will benefit from Arig’s (www.arig.net) expertise, strong financials, large capacity and ability to lead the market.
Visit: www.takaful-re.ae
Al Fajer Re is poised to take its rightful place as a leader in Retakaful and Shari’ah compliant reinsurance products and services. Through strategic operational processes and strong integrity-driven planning, we are at the forefront of a new dawn in the industry segment.
By setting the highest standards of internal regulation and exercising the discipline to protect our inherent financial strengths, Al Fajer Re is making responsible investments with viable long-term growth potential.
With a solid paid up equity capital of KD 50 million, we are clearly one of the most financially secured global Retakaful companies. Strong support from esteemed, experienced global institutional investors Dubai Banking Group and Global Investment House have helped create a robust foundation for our success.
Visit: www.alfajerre.com
Shiekan Insurance & Reinsurance Co. Ltd. is a Sudanese company, established in 1983. The company’s shareholders are; The National Economic Corporation, the policyholders and Khartoum Trading & Shipping Co, Ltd. The company’s authorized capital is US$ 5.000.000.
Shiekan transacts the cooperative insurance which dictates the distribution of the surplus generated by the insurance operations to the policyholders, an aspect, among others, characterizing this type of insurance as compared to the conventional insurance industry. However, technically speaking the two are similar. In fact, in addition to the insurances of the public sector, Shiekan captures the biggest stake of the Sudanese private insurance business thanks to the private sector’s trust in a big portfolio, well balanced and backed by first class reinsurance treaties.
In terms of annual premiums written in the Sudanese market (general & life), Shiekan has now come to occupy a leading position with about 70 % market share in 2005. The company spreads countrywide with well established and staffed branches and agencies in most of the 26 federal States of the Sudan, thus rendering to the clients door-to-door insurance services.
Visit: www.sheikanins.com
NCB Capital is the investment banking arm of National Commercial Bank (NCB), Saudi Arabia and the Middle East’s largest bank. Launched in April 2007, it was the first subsidiary of a local bank to be licensed by the Saudi Capital Market Authority and in a short time has grown a strong reputation and profile as an important player in investment banking throughout the Middle East with institutional, corporate and individual clients, as well as growing its broader international presence.
Founded on three decades of its parent’s pioneering work in developing mutual funds for the Saudi market, NCB Capital is today the largest investment bank in Saudi Arabia (the largest market in the GCC region), with over one million clients and some SAR50 billion ($13 billion) of assets under management. It has the strongest balance sheet of any investment bank in the region, carrying no debt whatsoever. It is a world leader in developing Islamic investment products, having launched the first Sharia-compliant real estate fund, has a market-leading 33 percent share of local Saudi mutual funds (Tadawul, March 09) and is increasingly being seen as a thought leader in addressing the region’s most significant economic and capital markets issues for its clients.
The firm’s culture is founded on a judicious mix of traditional relationship management combined with best practice global investment banking principles and targeted products and services.
In addition to its pre-eminent position in Saudi Arabia, the firm is building a strong regional presence selectively, working with its affiliates HC Securities in Egypt and HC Al-Futtaim Securities in Dubai, its subsidiary Eastgate Capital Group in Dubai, and with NCB’s subsidiary Turkiye Finans in Turkey. NCB Capital also has global distribution and access through The Capital Partnership (TCP), its London-based subsidiary, a leading specialist asset manager to both institutional and high net worth clients. Its global reach is also enhanced through an ongoing affiliation with Goldman Sachs.
The firm organises its 360 employees into three main business groupings - Wealth and Asset Management, Brokerage and Investment Banking, supported by robust economics and equity research expertise.
Recent accolades include the 2009 Failaka “Best Islamic European Equity Fund” award for its performance over one and three years, and the 2008 Failaka “Best Islamic Fund Manager in the GCC” award.
Visit: www.ncbc.com
CIMB Islamic Bank Berhad (CIMB Islamic) is the global Islamic banking and finance arm of CIMB Group. It offers innovative and comprehensive Shariah-compliant financial solutions in the spheres of investment banking, consumer banking, asset management, takaful, private banking and wealth management.
CIMB Islamic’s products and operations are managed in strict compliance with Shariah principles under the guidance of the CIMB Islamic Shariah Committee, which comprises the world’s leading Islamic scholars
CIMB Islamic is recognised as a pioneer in Islamic financial markets, having advised on the world’s first shariah-compliant exchangeable bond and the largest sovereign sukuk issue globally. It has garnered numerous awards such as Best Islamic Bank in Asia and Best Sukuk House in 2008 from Euromoney and Global Islamic Investment Bank for 2006 and 2007 from the Banker magazine.
Visit: www.cimbislamic.com
As one of the worlds’ leading and most diversified reinsurers, Swiss Re provides reinsurance products and financial services that enable risk taking essential to enterprise and progress.
At Swiss Re, we turn clients’ needs into opportunity and progress. We are committed to offer Shari’a compliant solutions to the Takaful markets. Our in-depth experience in Property & Casualty and Life & Health means that our partners can rely on us for supporting them in today’s business – and to enable their business of tomorrow. We offer a wide variety of reinsurance products and financial services solutions to manage capital and risk.
To deliver on our priorities – serving our clients and creating shareholder value – we are sharpening the focus on the core business, ensuring capital strength and making sure we are fit to compete. With these priorities we are building on our strengths and our expertise.
Visit: www.swissre.com
Standard & Poor’s is a leading provider of financial market intelligence. The world’s foremost source of credit ratings, indices, investment research, risk evaluation and data, Standard & Poor’s provides financial decision-makers with the intelligence they need to feel confident about their decisions.
Many investors know Standard & Poor’s for its respected role as an independent provider of credit ratings and as the home of the S&P 500 benchmark index.
Visit: www.standardandpoors.com
'Motordata Research Consortium (MRC Malaysia) in partnership with THATCHAM, UK, is an industry initiative serving the Malaysian Motor Insurance and Takaful industry in reducing subjectivity in motor claims estimation and containing cost of claims.
Visit: www.e-mrc.com.my
Bank of London and The Middle East plc (BLME) is a fully Sharia’a compliant wholesale bank in the heart of the City of London. BLME is managed by a quality team bringing together a combination of highly experienced international financiers and leading experts in Islamic finance.
BLME was incorporated in August 2006 and received FSA authorisation in July 2007. Since authorisation, BLME has provided innovative Sharia’a compliant funding for our diverse client base. The majority of our Corporate Banking client base is located mainly in the UK, US and Europe.
At the heart of our business strategy remains the building of an institution which will provide business solutions, using innovative Sharia’a compliant investment and financing products, whilst addressing all the financial needs of our customers. BLME carries out its business with fairness, transparency and integrity which are the basic tenets of Islamic Finance.
Visit: www.blme.com
The FWU Group is in the business of creating high performance investment concepts with broad and flexible applications for institutional investors, high net worth private clients as well as affluent customers and salaried individuals
This involves making investment instruments utilised by large-scale investors accessible to wide sections of the population in the form of cost-optimised investment models. The systems and product solutions are characterised by the individualisation of investment strategies, tailored to the needs of the relevant target group, and systematic minimisation of risks while preserving yield opportunities. The integration of quality service partners with international experience serves to support these ambitious design aims and opens up value-added potential for investors and distribution partners at both national and international level.
Visit: www.fwugroup.com