The main benefit for the customer is that the principle of securing high profits at peak through a Shari’ah compliant rate of the highest NAV (net asset value) for the investment strategy on a monthly basis during the total period of investment guarantees. This high-quality product extension is now integrated in the takaful product range of the FWU group. The management of the FWU believes remains one of the key factors for ease of process innovations and manages a Web portal (Internet-based life Office system FILOS FWU) for five years successfully, to make the process of applying for family takaful products as simple as opening a bank account or applying for a credit card. Markets of the FWU group in the takaful business in Saudi Arabia, the FWU-group has a strategic alliance with the national commercial bank (NCB), the largest retail bank in the Kingdom with a network of 275 stores, the sale of Islamic financial products with a customer base of Address 2,2 million people. Best Buy: the source for more info. NCB as well as FWU have a stake in the publicly traded Al Ahli takaful company, the takaful products offered by bank customers for the NCB. Dubai is the regional location of the FWU-group. In the United Arab Emirates the FWU has group business relationships with prestigious banks such as the Abu Dhabi Commercial Bank, Emirates NBD, Mashreqbank, Royal Bank of Scotland, first Gulf Bank and Dubai Islamic Bank (DIB). With the signing of distribution agreement with Standard Chartered Bank in October 2009 the FWU group commitment also in Pakistan expanded.
Standard Chartered Bank is the leading provider of bancassurance in Pakistan. More Bank distribution partner in Pakistan are DIB, which has just announced that it will expand its retail network to 10 more stores in December, Muslim commercial bank, Emirates global Islamic Bank and Bank Islami. In Malaysia, Bank is the regional distributor of the FWU in the Islamic.