IslamicFinance.de

Faysal Bank Limited has signed a Bancatakaful agreement with Pak-Qatar Family Takaful Limited and FWU AG a global facilitator of Bancatakaful at Faysal House Karachi recently.
Bancatakaful agreement was signed by Aarij Ali, Head Retail Banking of Faysal Bank Limited and P. Ahmed, CEO Pak-Qatar Family Takaful Limited.

Press Release

Karachi, October 7: Standard Chartered Bank Pakistan (SCBP), the largest international Bank in Pakistan, has signed a strategic cooperation agreement with Pak-Qatar Family Takaful, Pakistan’s first and largest family Takaful operator, and FWU AG, a global facilitator of bancatakaful.

This agreement will lay the foundation for Standard Chartered to launch Pakistan’s first Shariah compliant Bancassurance (BancaTakaful) products across its branch network. These products will provide Standard Chartered’s customers with Long term Savings plans specifically catered to fulfill their future financial needs. In addition, the Takaful cover, will offer financial protection to families for the fulfillment of the above obligations in case the breadwinner is unable to do so due to untimely death. All this without having to compromise on their beliefs.