KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) and Atlas Asset Management Limited (AAML) have signed an agreement.

A statement here on Wednesday said that according to the agreement Pak-Qatar Family Takaful would provide Takaful coverage to participants of Atlas Pension Islamic Fund (APIF). It said that the agreement was signed by Executive Director Atlas Asset Management Limited, Ali H. Shirazi, and CEO Pak-Qatar Family Takaful, Pervaiz Ahmed here. In case of accidental death, permanent partial disability or permanent total disability due to an accident, PQFTL would provide Atlas Pension Islamic Fund's participants the Takaful cover of 100 times of their monthly investment in the fund up to a maximum of Rs. 4 million, it was pointed out.

Executive Director Atlas Asset Management Limited, Ali H. Shirazi, said that Atlas Pension Islamic Fund is the first Shariah Compliant Pension Fund in Pakistan, which provides family Takaful coverage for its participants.

CEO Pak-Qatar Family Takaful, Pervaiz Ahmed said that Pak-Qatar Family Takaful is always looking for ways to provide value added products to the people of Pakistan.