Pakistan: Pak Qatar Family Takaful partners with Islamic financial institution

Source: Middle East Insurance Review | Oct 2015

Pak Qatar Family Takaful Limited (PQFTL) and KASB Modaraba have entered into a takaful distribution agreement.

Mr Muhammad Menhas, Deputy CEO and Country Sales Head for PQFTL said: “We are proud to work with a prestigious Islamic financial institution like KASB Modaraba. The business venture will benefit both parties in terms of revenue and cross-selling of products whereby they will be using their resources and marketing channels for the promotion of takaful products.”

Mr Rashid K Siddiqui, CEO of KASB Modabara said: “We feel there is a genuine need amongst our customers for life takaful products and we believe this association with Pak-Qatar Family Takaful Ltd will add tremendous value to KASB Modaraba in future.”

Earlier this year, KASB Modabara tied up with EFU Life Assurance to distribute its family takaful products.

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