Wafa Takaful, a 100% subsidiary of Wafa Assurance, has been designed and sized to be a multi-distributor operator at the service of participatory banks operating in Morocco and more generally, at the service of customers and policyholders wishing to take out insurance in accordance with the opinions of the Superior Council. Ulemas.
Wafa Takaful’s commitment to participatory finance and the financial inclusion it underpins will be carried out under the Wafa brand, thus displaying its support for the leading insurance company in Morocco and thus providing all the guarantees of professionalism, expertise and quality of service.
More broadly, this new subsidiary confirms once again the historic positioning of the Attijariwafa Bank Group as a universal financial player supporting economic players and households in their daily lives and at key times, particularly in the field of participatory banking through Bank Assafa.
Wafa Takaful starts its activity with a range of 3 products:
– family protection through death cover
-multi-risk cover for the property financed
– building up long-term savings to provide additional income on retirement.
This range will be expanded and enriched to meet the expectations of policyholders and partners.
This new subsidiary dedicated to takaful insurance operations thus consolidates the status of universal insurer of the Wafa Assurance Group, which now operates in nine markets: business insurance, life insurance for individuals, non-life insurance for individuals, individual health, inclusive, assistance, digital, international and now takaful insurance.