UAE – Insurance on Employees’ Monthly Salary, soon
Monday, 07 04 2016, Category: Islamic Insurance, Country: U.A.E
The Director General of Fujairah Insurance Company, Mr. Antoine Al-Malouli, confirmed that the insurance market in the state began to play a leading role in the region due to the evolution of the legislative and legal infrastructure it abides by, and which contributed to the provision of an insurance product that meets customer and market needs. The Director General seeks to make a quantum leap in the market to comply with the highest international standards, in terms of legislative and regulatory aspects.
In an interview with the «vision» (Al-Ro’ya), Al-Malouli clarified the company’s willingness to issue a document to insure against cessation of the state employees’ monthly salaries as a result of leaving work. He added that the company aims to attract nationals, pointing out that the rate of nationalization in the company reached nearly 15% of the total number of workers within.
Source: Al-Ro’ya - UAE