Dubai SME partners with Noor Takaful
Dubai, June 7, 2011
Dubai SME has partnered with Noor Takaful to attract more UAE national entrepreneurs into the insurance industry, offering them flexible business start-up options.
According to a MoU signed between Dubai SME and Noor Takaful, the insurance company will offer franchises to UAE nationals to sell Noor Takaful branded products across the UAE.
Entrepreneurs can work under any of three different franchisee arrangements offered by Noor Takaful:
- As a home-based agent using the Intilaq licence of the Department of Economic Development
- As a business start-up in the Business Incubation Centre at Dubai SME
- As a full-fledged business operating independently
The three options give first-time entrepreneurs the opportunity to start at minimal investment, gain knowledge and then gradually evolve and expand as a full-fledged business. Meanwhile, being part of the Dubai SME network will enable the franchisees to successfully market Noor Takaful products among potential clients.
“Dubai SME has an expanding partnership network, which is a strong platform to create synergies and source competitive services and solutions for business growth. The partnership also marks the first strategic initiative of Dubai SME to promote home-based businesses to generate substantial income and create opportunities for UAE nationals in new economic sectors,” said Abdul Basit Al Janahi, chief of Dubai SME.
Dubai SME and Noor Takaful will organise awareness programmes for community members, presenting all aspects of the franchisee business model including opportunities in the franchise, income potential and roles and responsibilities.
“This will be the first time a franchising concept within the insurance industry will be available in the region. We expect for this relationship to initially enhance awareness levels on takaful, and in turn support entrepreneurial Emirati men and women in making informed decisions regarding their business requirements,” added Dr Ahmed Al Janahi, MD of Noor Takaful.-TradeArabia News Service