Pak-Qatar Family Takaful inks deal with Dawood bank

October 05, 2010 - 3:51:44 am


DOHA: A key joint venture of Qatar Islamic Insurance Company in Pakistan has in collaboration with a local bank and FWU AG launched lucrative Shariah-compliant long-term savings schemes.

Pak-Qatar Family Takaful Limited has inked a deal in Karachi with Dawood Islamic Bank Limited and FWU AG to provide bank customers long-term savings plans enabling them to secure their future financially.

According to the strategic agreement, Dawood Islamic Bank would distribute Shariah compliant Bancassurance (BancaTakaful) products across its branch network.  

The agreement was signed by CEO Pak-Qatar Family Takaful P Ahmed, and Pervez Said, President and CEO, Dawood Islamic Bank at DIB’s Head Office yesterday.

These products will provide DIB’s customers with Long term Savings plans specifically catered to fulfil their future financial needs. In addition, the Takaful cover will offer financial protection to the families by addressing their future financial needs in the unfortunate case of the breadwinner’s untimely death.  

Speaking on the occasion, P Ahmed said that his company is establishing alliances with organizations that have vast distribution network and trained human resource in order to reach out to maximum number of customers.

He said that joining hands with Dawood Islamic Bank is testimony of their vision to spread the reach of Takaful products to a large number of people who would benefit from a customer centric and Shariah compliant risk mitigation tool.

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