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One Bank, Protective Islami Life Insurance ink MOU

One Bank Ltd. signed a memorandum of understanding with Protective Islami Life Insurance Ltd.

Protective Islami Life will provide insurance coverage to the clients of OBL Protect, a personal loan facility. Clients having such loans will be entitled to full compensation up to the amount of outstanding loan in case of permanent total disability or accidental death, according to an Aug. 10 release.