Karachi, December 2: Pak-Qatar Family Takaful Ltd and Al Meezan Investments have signed an agreement that will provide all investors of Al Meezan Investments’ Mahana Kharch Account (MMKA) with Shari’ah-Compliant Free Takaful Coverage of up to 1 million rupees. The agreement was signed by P. Ahmed CEO Pak-Qatar Family Takaful and Muhammad Shoaib CFA Chief Executive Al Meezan Investments in Karachi today.
Pak-Qatar Family Takaful, the pioneers of Family Takaful in Pakistan, is sponsored by leading financial institutions in the State of Qatar and FWU AG.
According to this agreement, individual investors of MMKA would be entitled to get Takaful cover in case of natural death, accidental death, permanent total disability and medical expense in case of accidents. This Takaful cover will be offered at absolutely no additional charge to the Al Meezan investors.
Muhammad Shoaib CFA said that Al Meezan Investments has always focused on coming up with Halal Riba-free and innovative investment options for its investors and this Takaful cover arrangement with PQFTL is a sign of our continuous efforts.
He further added that “By partnering with Pak-Qatar Family Takaful our investors can expect quality customer service.”
P. Ahmed said that Pak-Qatar Family Takaful is always looking for ways to provide value added products to the people of Pakistan. “By joining hands with Al Meezan Investments we will be able to reach out to many people who would otherwise not have the benefit of a customer centric and Shari’ah-compliant risk mitigation tool.”