Eastern Bank PLC (EBL), in partnership with Akij Takaful Life Insurance PLC, has officially launched Shariah-compliant Takaful insurance solutions through its banking channel, at a ceremony held on Thursday (30 April) at the EBL Head Office in Dhaka, a press release said.
Under this bancassurance arrangement, EBL customers will be able to access Islamic Takaful insurance products directly from EBL branches, offering a seamless integration of banking and insurance services on a single platform. This initiative is expected to enhance customer convenience, promote financial inclusion, and meet the growing demand for ethical and Shariah-compliant financial protection solutions in Bangladesh.
Khorshed Anowar, Deputy Managing Director and Head of Retail and SME Banking of EBL, said, “This partnership reflects our commitment to delivering inclusive and value-driven financial solutions. By incorporating Shariah-compliant Takaful products into our banking ecosystem, we are expanding customer choice while advancing ethical finance and financial inclusion in Bangladesh.”
The collaboration between EBL and Akij Takaful Life Insurance underscores the increasing synergy between the banking and insurance sectors, paving the way for more integrated financial services in the country.
Senior officials present from Eastern Bank included A. K. M. Mizanur Rahman, Deputy Chief of EBL Islamic Banking; Sarmin Atik, Head of Liability and Wealth Management among others.
Representatives from Akij Takaful Life Insurance included Asifur Rahman, Vice Chairman and Independent Director; Mir Mahfuzur Rahman, Director; Muhammad Fuad Hussain, Director; Mohammad Shazzadul Karim, Managing Director and CEO; Mohammad Masuduzzaman Khan, Additional Managing Director and Chief Corporate Business Officer; and Md. Kamruzzaman, Vice President and Head of Sales, Bancassurance.
