NEWS aRCHIVE



Pak-Qatar Family Takaful Limited and Atlas Pension Islamic Fund sign Takaful agreement!

Karachi, March 5:  Pak-Qatar Family Takaful Limited (PQFTL) and Atlas Asset Management Limited (AAML) have signed an agreement according to which Pak-Qatar Family Takaful would provide takaful coverage to participants of Atlas Pension Islamic Fund (APIF). The agreement was signed by Executive Director Atlas Asset Management Limited Mr. Ali H. Shirazi and CEO Pak-Qatar Family Takaful Mr. Pervaiz Ahmed in Karachi today. 

In case of accidental death, permanent partial disability or permanent total disability due to an accident, PQFTL would provide Atlas Pension Islamic Fund’s participants the Takaful cover of 100 times of their monthly investment in the fund up to a maximum of Rs. 4 million.

Executive Director Atlas Asset Management Limited Mr. Ali H. Shirazi said that Atlas Pension Islamic Fund is the first Shariah Compliant Pension Fund in Pakistan which provides family Takaful coverage for its participants.  He said that Atlas Asset Management Limited is always looking for new and innovative ways to offering 'above and beyond' products and services for to its participants.  By teaming up with Pak-Qatar Family Takaful they are able to provide Shariah compliant pension fund participants with the same level of product and service which is being given to those customers on the conventional side.

CEO Pak-Qatar Family Takaful Mr. Pervaiz Ahmed said that Pak-Qatar Family Takaful is always looking for ways to provide value added products to the people of Pakistan.  By working with AAML we are able to reach out to many people who would otherwise not have the benefit of a customer centric and Shariah compliant risk mitigation tool.

The Atlas Pension Islamic Fund (APIF) serves as a Shariah Compliant primary savings vehicle for retirement savings for individuals and is created as a Pension Fund under the Voluntary Pension System Rules, 2005.

Pak-Qatar Family Takaful is Pakistan's first Family Takaful operator.  Having set its vision to 'provide financial protection through Takaful, to everyone' it is moving in this direction by providing need based, appropriately priced and immaculately serviced products.