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May 2024

Pakistan: TPL takaful window in strategic partnership with the country's biggest banks

Source: Middle East Insurance Review | Nov 2023

TPL Insurance window takaful operation (WTO) has announced a strategic collaboration with HBL Islamic Banking, the largest bank in Pakistan.
 
The cooperation would redefine takaful coverage for HBL Islamic car finance clients, delivering auto takaful solutions to the Pakistani market, said TPL in a statement.
 
Some features of the services include immediate policy issuance and risk mitigation through Islamic insurance for non-life businesses. This approach aligns with ethical principles in accordance with Islamic rules. M 
 
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