Pakistan: Takaful operator inks bancatakaful pact with microfinance bank
Source: Middle East Insurance Review | Jan 2023
Pak-Qatar Family Takaful and U Microfinance Bank (U Bank) have signed a landmark bancatakaful agreement.
Under this collaboration, family takaful products will be offered through U Bank’s distribution network, which is amongst the largest microfinance banking branch networks in Pakistan, according to an article on the news site Pro Pakistani.
The partnership aims to offer tailor-made bancatakaful products to customers and is an important milestone for both companies within the local financial services ecosystem.
Takaful products will be introduced in a phased rollout manner across U Bank’s extensive network of over 250 branches nationwide. M