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FWU Group and Pak-Qatar Family Takaful Sign Agreement to jointly provide Takaful Products over Bank Counters in Pakistan

Doha. 13th Nov. 2007: The FWU Group and Pak-Qatar Family Takaful signed an agreement in Doha, Qatar to jointly provide Takaful products through bank branches. The agreement was signed by Mr. Izzat Rasheed who is the vice chairman of the board of Pak-Qatar Family Takaful and FWU's CEO Dr. Manfred J. Dirrheimer.

This agreement will bring together the strengths of both of these professional and client focussed organizations. FWU will be providing its technology solution, product expertise and global experience in distribution of Takaful products via banking channels. Pak-Qatar will be putting forward its financial strength, its excellent network of relationships, a highly experienced and professional team and immaculate levels of service.

Through this relationship Individual Family Takaful products will be available across the counter at a large, and expanding, number of branches throughout Pakistan. Customers will be able to complete all formalities and get their response during their single visit to the bank branch. All claims and other requests will be handled in a prompt, courteous and professional manner. On top of all this the products are completely halal and so no one will have to compromise on their faith in order to take advantage of the best of what is available for financial protection.

This synergy will bring the greatest benefits to the people of Pakistan who will now be able to avail the best in Shariah compliant financial products.

The FWU Group is a Munich based organization which specializes in international bancatakaful, Shariah compliant investments and web based point of sale and administration systems. It is working across the globe with many banks and Takaful product partners to bring value added Takaful products within easy reach to a much larger number of consumers. It was also the 2007 winner of the Euromoney Islamic Finance Award for Best Takaful Provider.
Pak-Qatar Family Takaful is Pakistan’s first ever Family Takaful operator. Its sponsors include some of the strongest financial institutions in the State of Qatar. These include Qatar Islamic Insurance Company, Qatar International Islamic Bank, Qatar Islamic Bank and Qatar National Bank. Coming in with a customer centric strategy it will easily be living up to its role as the pioneer Family Takaful operator in the country.