FWU named "best bancatakaful" at Islamic Business & Finance awards
Islamic Business and Finance Magazine recently awarded its 2009 "Best Bancatakaful" award to FWU Group in recognition of the success of its international Family Takaful business. FWU Group, which already received the title "Best Takaful Operator" in 2007 and 2008, produces white label shariah compliant unit-linked savings plans that are distributed by regional and international banks throughout the GCC.
"FWU Group has raised the bar of innovation and service excellence" says Sohail Jaffer, Partner and Head of international Business Development, based in Luxembourg.
FWU's takaful investment plans are domiciled in Germany and distributed throughout the Islamic world by branded partners. The Group's asset management subsidiary in Luxembourg manages shariah compliant investment strategies for the Family Takaful investment linked plans. A major Luxembourg bank is equally responsible for custody operations while the Enhanced Family Takaful product uses a structured note platform domiciled in Luxembourg.