Al Salam Bank, in collaboration with Solidarity Bahrain, has announced the launch of the first multi-year takaful insurance for cars in Bahrain.
The new product offers takaful coverage for up to seven years which can be paid back in instalments, cash, or through a “Buy Now Pay Later” facility.
Mr Mohammed Buhijji, head of Retail Banking at Al Salam Bank, said that the new product aims to provide clients ease of mind without needing to worry about annual takaful renewals.