(Sukuk.net - Khaleej Times) Salama Islamic Arab Insurance Company, world's largest Takaful and Re-Takaful Group, announced their partnership with DWS Investments, the global mutual fund arm of Deutsche Bank Group.

Salama presents a comprehensive range of diverse Shari'ah compliant unit linked insurance products to its valued clients and the DWS Noor Islamic Funds can be accessed through these products.

As a result of the strategic tie up, Salama will offer its customers a host of DWS Noor Islamic Funds which are 100 per cent Shari'ah Compliant and diversified by asset class and geography.

Speaking on the announcement, Mr. Noel D'Mello, Head of Family Takaful of Salama said, "Our partnership with DWS Investments signifies another landmark achievement for Salama in further promoting Shari'ah Compliant savings and insurance products in the UAE. It will greatly help in achieving our objective of spreading Shari'ah Compliant insurance plans throughout UAE that are not only competitive in pricing but also flexible and affordable to meet the needs of the average person."

With €257 billion of assets under management globally, DWS is one of the top 10 largest mutual fund managers worldwide and the largest mutual fund company in its home country, Germany.

According to Tarek Lotfy, Middle East and North Africa Director of Asset Management of Deutsche Bank, "We are proud to have this alliance with Salama, UAE's leading and specialised Takaful Company. Salama's credibility, reputation for quality, diversified product range and high standards, make them our partner of choice in spreading innovative and world class DWS Shariah compliant investment solutions."

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