Mr Dawood Taylor was appointed Senior Regional Executive – Takaful, Middle East for Prudential corporation Asia in November 2008. In this capacity, Mr Taylor is responsible for developing Life Takaful throughout the region.
For the previous ten years, Mr Taylor was the General Manager of the Bank Aljazira Takaful Ta’awuni operation and has been at the forefront of Islamic Life Insurance development in Kingdom of Saudi Arabia and the Middle East throughout this period. He and his team developed the Takaful Ta’awuni programme, a hugely successful Islamic Life Insurance and Savings Programme for Bank Aljazira. He conceived and developed the initial Wakalah based Takaful Ta’awuni concept that is now the Islamic contract model of choice for most new Takaful operators.
The Bank AlJazira Takaful Ta’awuni programme has been honoured with various awards including the 2008 Euromoney Best Takaful Operator, 2007 KLIFF Best Takaful Operator, 2007 INSUREX Best Life Insurance Operator-Middle East, 2006 Euromoney 2006 Best Life Takaful Operator and the 2004 Islamic Finance & Banking Best Takaful Operator.
Previously Mr Taylor worked with Arab National Bank as the Head of Investment (Western Region) and previous to that headed a life brokerage operation in the western region of Saudi Arabia for an offshore Isle of Man insurer.
Mr Taylor is a member of the Islamic Financial Services Board Working Groups on Takaful Governance, Takaful Solvency and Risk Management in Takaful and is also a member of the International Cooperative and Mutual Insurance Federation Intelligence Committee. He speaks frequently at conferences and has published a number of articles, both locally and internationally. He has also been invited to advise on Takaful to the UK Treasury.