Business

Guardian Life Shariah Council’s first meeting held


Published : 17 Aug 2022 08:50 PM

Guardian Life Shariah Council’s first meeting took place on Sunday, August 14, 2022, at the company's head office in Gulshan, Dhaka. The council has been formed with joint representation from Central Shariah Board for Islamic Insurance of Bangladesh and Guardian Life Insurance Limited. Professor Dr. Muhammad Nazrul Islam Al Maruf Madani, Chairman, Department of Islamic Studies, Bangladesh Islami University has joined the council as Chairman; Professor Maulana ABM Masum Billah, General Secretary, Central Shariah Council for Islamic Insurance Bangladesh has joined as council secretary and Mufti Maulana Md. Saiful Kabir, Imam & Khatib, Bangabhaban Jame Mosque as a council member to represent the Central Shariah Board for Islamic Insurance of Bangladesh. To represent Guardian Life in the Shariah Council, Sheikh Rakibul Karim (FCA), Chief Executive Officer (CC) along with Mahmudur Rahman Khan, Senior Executive Vice President and Head of Retail Business; Shamim Ahmed, Executive Vice President and Chief Operating Officer and Majedur Rashid Chowdhury, Executive Vice President and Head of Finance and Accounts have joined the Shariah Council as members.

Since the company's establishment, Guardian Life has been working to ensure "Insurance for All", and as a part of this effort, the company will shortly introduce Guardian Takaful, a life insurance category that is based on Islamic Shariah. During the aforementioned meeting, the participants also shared their views regarding the matter. With this Shariah-based insurance category, Guardian Life will be able to increase their range of services and provide life insurance for people from all walks of life. Guardian Life’s Takaful Insurance is expected to be launched into the market by early Q4 of 2022.

From the very beginning, Guardian Life has been successfully offering a wide range of life insurance services with innovative business models. The respectable Shariah Council members expressed their felicitations for the new journey of Guardian Life and prayed for the advancement to continue in the coming years.