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Home > News and events > Pak-Qatar Family Takaful celebrates BancaTakaful relationship with Dubai Islamic Bank Pakistan

Pak-Qatar Family Takaful celebrates BancaTakaful relationship with Dubai Islamic Bank Pakistan

Pak-Qatar Family Takaful celebrates 9 Years of BancaTakaful relationship worth PKR 3 Billion with first partner Dubai Islamic Bank Pakistan.

 

Pak-Qatar Family Takaful, Dubai Islamic Bank Pakistan and FWU AG Pakistan recently celebrated over PKR 3 Billion milestone BancaTakaful relationship as business partners offering Takaful products nationwide. The 9 year old business portfolio that commenced in October 2009 has now crossed PKR 3.05 Billion with 9,000 customers across Pakistan availing various BancaTakaful products via Dubai Islamic Bank. A special cake-cutting ceremony was done by Pak-Qatar Family Takaful, Dubai Islamic Bank Pakistan and FWU AG Pakistan to mark this milestone at DIB’s BancaTakaful Family Sport Gala 2018 organized by DIB’s BancaTakaful partners.

The CEO of Dubai Islamic Bank Pakistan, Mr. Junaid Ahmed, CEO of Pak-Qatar Family Takaful, Mr. Nasir Ali Syed and Country Head FWU AG Pakistan Branch, Mr. M. Azam Khan were present at the occasion along senior management teams of respective organizations.

 

PAK-QATAR TAKAFUL GROUP

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 Ltd. (PQFTL), Pak-Qatar General Takaful Ltd. (PQGTL) and Pak-Qatar Investments Ltd. (PQIL). 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.

The Group-Companies are registered with the ‘Securities & Exchange Commission of Pakistan’ (SECP), while all its products and operations are certified by an independent Shari’ah Advisory Board, chaired by Mufti Taqi Usmani. PQFTL is rated “A” (with Positive Outlook) by JCR-VIS Credit Rating Co. Ltd. and Pakistan Credit Rating Agency (PACRA).

The Group’s shareholders include some of the strongest financial institutions in the state of Qatar, including; Qatar Islamic Insurance Company (QIIC) and Qatar International Islamic Bank (QIIB).  The group enjoys the highest industry paid-up capital in Pakistan. PQFTL is strengthened by Re-Takaful arrangements with Munich-Re and Hannover-Re, besides a strategic Banca-Takaful alliance with FWU AG (Germany). PQGTL is backed by Re-Takaful arrangements with Labuan Re, Emirates Re, Saudi Re and African Re.

 

PQTG has one of the largest Takaful branch networks in Pakistan (70+ branches in 41 cities), while promising 24/7 accessibility through all digital-media, Web-Portals and mobile-Applications. It is currently providing need-based, practical and profitable financial services to more than 550,000 members and 1100 corporate clients. The Group has won many international awards including ‘Best Takaful Operator in Pakistan’ award at the 10th International Takaful Summit 2016 (London), ‘Best Takaful Operator’ in 2016 by IFN, Malaysia and ‘Best Takaful Company in Pakistan 2015’ at ‘Islamic Banking Awards’.

 

 

NEWSPAPER COVERAGE:

 

1 The News
a. PQFT, DIB achieve milestone
Synopsis: Pak-Qatar Family Takaful (PQFT) has achieved yet another milestone by generating over Rs3 billion BancaTakaful business with its first partner Dubai Islamic Bank, a statement said on Wednesday.
https://www.thenews.com.pk/print/303214-pqft-dib-achieve-milestone
2 Business Recorder
a. Pak-Qatar Family Takaful, DIB generate over Rs 3 billion in BancaTakaful
Synopsis: Pak-Qatar Family Takaful has generated over Rs3 billion in BancaTakaful business with its first partner Dubai Islamic Bank (DIB). The 9-year-old business portfolio that commenced in October 2009 has now crossed PKR 3.05 Billion with 9,000 customers across Pakistan availing various BancaTakaful products via Dubai Islamic Bank.
https://fp.brecorder.com/2018/04/20180412360377/
3 Daily Times
a. Pak-Qatar Family Takaful, DIB achieve Rs 3 billion mark in Banca Takaful business
Synopsis: Pak-Qatar Family Takaful has achieved yet another milestone by generating over Rs. 3 billion BancaTakaful business with its first partner Dubai Islamic Bank. The 9 year old business portfolio that commenced in October 2009 has now crossed PKR 3.05 Billion with 9,000 customers across Pakistan availing various BancaTakaful products via Dubai Islamic Bank.
https://dailytimes.com.pk/226891/pak-qatar-family-takaful-dib-achieve-rs-3-billion-mark-in-bancatakaful-business/
4 The Nation
a. Pak-Qatar Family Takaful & DIB achieve Rs3b mark
Synopsis: 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.
https://nation.com.pk/E-Paper/lahore/2018-04-12/page-9/detail-0
5 Express
a. Pak-Qatar Family Takaful, DIB generate over Rs 3 billion in BancaTakaful
Synopsis: Pak-Qatar Family Takaful has generated over Rs3 billion in BancaTakaful business with its first partner Dubai Islamic Bank (DIB). The 9-year-old business portfolio that commenced in October 2009 has now crossed PKR 3.05 Billion with 9,000 customers across Pakistan availing various BancaTakaful products via Dubai Islamic Bank.
https://fp.brecorder.com/2018/04/20180412360377/
6 Dunya
a. Pak-Qatar Family Takaful, DIB generate over Rs 3 billion in BancaTakaful
Synopsis: Pak-Qatar Family Takaful has generated over Rs3 billion in BancaTakaful business with its first partner Dubai Islamic Bank (DIB). The 9-year-old business portfolio that commenced in October 2009 has now crossed PKR 3.05 Billion with 9,000 customers across Pakistan availing various BancaTakaful products via Dubai Islamic Bank.
https://fp.brecorder.com/2018/04/20180412360377/