Bahrain-based Islamic retail lender Ithmaar Bank said it has signed a MoU with largest Takaful group Solidarity to offer its premier members exclusive insurance rates.

With this deal, Ithmaar Premier members can now enjoy discounted rates on motor, home, travel, medical and personal accident insurance products, as well as on pleasure crafts, including boats, said  Abdul Hakeem Al Mutawa, the Ithmaar Bank GM (Retail and Private Banking) after signing the deal with Solidarity Group chief executive Ashraf Bseisu.

“Ithmaar Premier is a members only programme designed to recognise our most valuable customers by providing exclusive benefits and services,” explained Al Mutawa.

“The invitation-only programme offers members a dedicated relationship manager, as well as preferential bank charges and an exclusive debit card with additional privileges. The discounted insurance packages with Solidarity General Takaful are the latest addition to the growing list of Ithmaar Premier benefits,” he said.

Bseisu said Solidarity, as well its subsidiaries and associates, is committed to delivering innovative insurance solutions that meet specific market requirements.

“We are pleased to partner with Ithmaar and provide exclusively discounted rates at Solidarity to the Bank’s most valuable customers. This, we believe, adds tremendous value both to Ithmaar Premier members as well as to Solidarity Group and Ithmaar Bank,” he noted.-TradeArabia News Service