The Daily Corporate Desk
Eastern Bank PLC (EBL), in partnership with Akij Takaful Life Insurance PLC, has launched Shariah-compliant Takaful insurance solutions through its banking network under a new bancassurance arrangement.
Through the partnership, EBL customers will be able to access Islamic Takaful insurance products directly from EBL branches, creating a more integrated banking and insurance experience on a single platform. The initiative is aimed at improving accessibility to ethical financial protection services while enhancing overall customer convenience.
Officials said the collaboration reflects growing demand for Shariah-compliant financial products in Bangladesh, particularly among customers seeking Islamic alternatives in insurance and financial planning.
The bancassurance initiative is also expected to support broader financial inclusion by making insurance services more accessible through established banking channels. Industry observers note that partnerships between banks and insurance providers are becoming increasingly important in expanding coverage and improving customer engagement across the financial sector.
With this move, EBL continues to diversify its customer-focused financial offerings while strengthening its position in Bangladesh’s evolving Islamic finance landscape.
