Standard Chartered Bank Pakistan (SCBP), the largest international Bank in Pakistan, has signed a strategic cooperation agreement with Pak-Qatar Family Takaful, Pakistan’s first and largest family Takaful operator, and FWU AG, a global facilitator of bancatakaful.
 
This agreement will lay the foundation for Standard Chartered to launch Pakistan’s first Shariah compliant Bancassurance (BancaTakaful) products across its branch network.  These products will provide Standard Chartered’s customers with Long term Savings plans specifically catered to fulfill their future financial needs. In addition, the Takaful cover, will offer financial protection to families for the fulfillment of the above obligations in case the breadwinner is unable to do so due to untimely death.  All this without having to compromise on their beliefs.
 
The FWU Group has its Headquarters in Munich and is a recognized “Global Leader in Takaful expertise”, winning six Takaful Industry Awards in the past 2 years. It facilitates distribution of Family Takaful and Unit linked Savings products via a web based Point of Sale and administration system. Its International Takaful network includes offices in Karachi, Dubai, Kuala Lumpur and Luxembourg.