Pak-Qatar family takaful, DIB achieve Rs 3 billion mark in BT business

KARACHI, Apr 11 (APP):Pak-Qatar Family Takaful has achieved yet another milestone by generating over Rs 3 billion Banca Takaful business with its first partner Dubai Islamic Bank.
The 9-year old business portfolio, commencing in October 2009, has crossed Rs 3.05 billion with 9,000 customers across the country availing various Banca Takaful products via Dubai Islamic Bank, said press release on Wednesday.
Pak-Qatar Family Takaful, Dubai Islamic Bank Pakistan and FWU AG Pakistan recently celebrated over Rs 3 billion milestone Banca Takaful relationship as business partners offering Takaful products nationwide.
A special ceremony was held by Pak-Qatar Family Takaful, Dubai Islamic Bank Pakistan and FWU AG Pakistan to mark this milestone at DIB’s Banca Takaful Family Gala-2018.
Chief Executive Officer of Dubai Islamic Bank Pakistan, Junaid Ahmed, CEO of Pak-Qatar Family Takaful, Nasir Ali Syed and Country Head FWU AG Pakistan Branch, M. Azam Khan were present on the occasion along with senior management teams of respective organizations.
Pak-Qatar Family Takaful offers a wide range of sharia compliant
protection and saving products to its clients. Pak-Qatar Takaful Group (PQTG) – the first and largest dedicated Takaful enterprise in Pakistan’s Islamic Finance industry, comprises of Shari’ah-Compliant ventures like Pak-Qatar Family Takaful Limited, Pak-Qatar General Takaful Limited and Pak-Qatar Investments Limited. These ventures are driven by modern technology and a service-culture to achieve the fastest growth and high-credibility, by providing innovative Takaful solutions since 2007.
Pak-Qatar Takaful Group’s shareholders include some of the strongest financial institutions in the state of Qatar including Qatar Islamic Insurance Company (QIIC), Qatar International Islamic Bank (QIIB), Masraf Al Ryan with a combined asset base of more than $ 37 billion and equity over $ 5 billion.