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Abu Dhabi National Takaful Co. PSC teams up with Al Maryah Community Bank

By Delisha Fernandes

June 09, 2023

  • Abu Dhabi National Takaful
  • Al Maryah Community Bank
  • Banking
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Al Maryah Community BankAbu Dhabi National Takaful Co. PSC, a Shari’ah-compliant Takaful provider, has announced its strategic partnership with Al Maryah Community Bank (Mbank), a digital bank in the UAE, to provide a range of Shari’ah compliant Online Takaful plans exclusively to the bank’s customers through the digital wallet: Mbank Wallet.

The partnership with Abu Dhabi National Takaful Co. PSC, enables customers of Al Maryah Community Bank to access a diverse range of Online Takaful plans that cater to their unique insurance needs while adhering to the principles of Shari’ah.

Osama Abdeen, Chief Executive Officer of Abu Dhabi National Takaful Company, said, “We are proud to partner with UAE’s first digital bank, known for its commitment to offering exceptional new-age banking services to its customers. This partnership reflects our shared values and mutual goal of providing seamless and innovative online products. We are confident that the bank’s customers will benefit from our user-friendly and secure online platform that enables them to explore, compare and buy seamlessly in minutes.”

Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, said, “We are happy to partner today with Abu Dhabi National Takaful Co., a leading Shari’ah compliant Takaful provider in the UAE, to offer our customers an elevated banking experience whereby they can access a wide range of Shari’ah compliant Online Takaful plans and choose the one that suits their specific needs, after obtaining approvals from the official authorities in the country”.

Approved and licensed by the Central Bank of the United Arab Emirates, Mbank Wallet allows end-users to perform all daily financial transactions, including but not limited to sending, receiving, requesting, and paying money. Sending money to other bank accounts or Mbank accounts is as easy as tapping on a few buttons and can be done via IBAN only.

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