Manama, Bahrain: t'azur Company b.s.c. (c) (t'azur), the Bahrain based Islamic Insurance Company was honored today with the prestigious 'Best Takaful Operator' award by CPI Financial, the international magazine for Islamic Business & Finance.
The annual award ceremony, held at the Emirates Towers Hotel Dubai, celebrates leaders, individuals and organizations that have excelled in the field of Insurance and Finance during 2010. Short-lists for each of the categories are compiled by judges from across the globe and are voted on by a global readership of 18,000 of the Islamic Business & Finance magazine.
Speaking of this achievement, t'azur's Chairman of the Board of Directors, Sheikh Dr. Abdulaziz Bin Naif Al Orayer said, "We are deeply honored to receive this award. This is another confirmation of t'azur's financial stability, high level of service standards together with a highly competitive product range. Islamic Finance, and Takaful in particular, is a new and very challenging field; we at t'azur always have and always will strive for the highest standards of innovation, integrity and customer service. It is with pleasure and deep gratitude that we accept this award and believe it to be a confirmation of our determination to make a difference, and we are pleased to see that this is being recognized by our clients and the industry at large."
t'azur has seen a very successful 2010, with strong growth in premiums, net revenues and increased market share. Having started in operations in July 2009 with an authorized capital of US 500 million, t'azur offers both life and non-life Shari'a Compliant products and services to both individuals and corporate clients in the countries in which it operates. To date, t'azur has offices in Bahrain, Qatar and Kuwait, with further expansion to follow in the near future.