Money, Finance and Banking Blog in Pakistan
Posts tagged Takaful
Pak-Qatar Takaful Offers On-Phone Guidance
Feb 3rd
Pak-Qatar Family and General Takaful has initiated its UAN based customer help and guidance phone line facility. Though Pak-Qatar took some time in starting this service, they have chosen a clever phone number for their call center. The phone number is 111-TAKAFUL (i.e. 111-825-238).
Pak-Qatar General Takaful Limited and Pak-Qatar Family Takaful Limited are regarded as the pioneers in introducing takaful products in Pakistan. Pak-Qatar General Takaful Limited was incorporated in Pakistan in year 2006 and started its operations in year 2007.
Like other Islamic banks and financial institutions working in the country, Pak-Qatar General Takaful’s operations are overseen by a Sharia Advisory Board. The More >
IGI Investment Bank, Pak-Qatar Family Takaful Sign Collaboration Agreement
Jul 30th
IGI Investment Bank has signed a banctakaful agreement with Pak-Qatar Family Takaful Limited aiming to further strengthen its portfolio by adding Family (Life) Takaful Insurance to its insurance advisory services.
According to this agreement, clients would be able to secure their own and their family’s future the Islamic way through a host of Shariah compliant Takaful- Islamic insurance products offered to the Bank.
IGI Investment Bank would therefore successfully be able to cater to all those clients who are seeking a Halal alternative to conventional insurance.
The recently appointed CEO and Director of IGI Investment Bank, Syed Javed Hassan told the APP that More >
Meezan Bank Customers to be Covered by Takaful Pakistan
Jul 11th
Meezan Bank and Takaful Pakistan have entered into an agreement whereby all customers of Meezan Bank’s Labbaik (Hajj and Umrah) deposit product will be provided Shariah-compliant credit Takaful coverage.
President Meezan Bank Irfan Siddiqui and Takaful Pakistan CEO Capt Jamil Akhtar signed the agreement.
Under the agreement, all Labbaik installment customers that have performed Hajj or Umrah will be provided credit Takaful coverage at very special rates. In case of natural death, accidental death, permanent total disability or insolvency of a Labbaik customer his/her outstanding installments will be paid by Takaful Pakistan.
Speaking on the occasion, Siddiqui said that Meezan Bank had always More >
JCR-VIS Assigns IFS BBB+ Rating to Pak Qatar General Takaful Limited
Jun 20th
JCR-VIS Credit Rating Company Limited (JCRCL) has assigned an initial Insurer Financial Strength (IFS) rating of ‘BBB+’ (Triple B Plus) with a ‘Positive’ Outlook to Pak Qatar General Takaful Limited (PQGTL).
The rating incorporates strong sponsor support from Qatar based financial institutions having sound credentials. PQGTL is managed by a team of experienced and qualified professionals possessing rich industry experience.
From its inception, PQGTL has focused on development of manuals and standard operating procedures (SOPs), to strengthen internal controls and ensure operational efficiency. Significant investment has been made in the deployment of a business system that is well-tested in International Islamic Financial Institutions More >
Pak-Qatar to Provide Takaful Cover to ICAP Employees and Students
Jun 14th
Pak-Qatar Family Takaful Limited and Institute of Chartered Accountants of Pakistan (ICAP) have signed Takaful agreement. According to the details issued here on Tuesday, all the members, students and employees of ICAP across the globe will be provided with an option of having group family Takaful protection through Pak-Qatar Family Takaful Limited aged between 18 up to 70 years.
According to this scheme, Pak-Qatar Family Takaful Limited would provide Takaful cover in case of natural death, accidental death, permanent disability (both due to sickness as well as accident) up to Rs2 million. It will be contributory / non-compulsory scheme where the participants are More >
