Dawood Islamic Bank Limited, Pak Qatar Faimly Takful and FWU AG have signed a strategic cooperation agreement according to which Dawood Islamic Bank would distribute Shariah compliant Bancassurance (BancaTakaful) products across its branch network.
Dawood Islamic Bank is a fast-growing dedicated Islamic Bank with 50 online branches nationwide. Its largest shareholder is Unicorn Investment Bank of Bahrain. Mr. Taimur Afzal, head of Consumer Banking, pointed out that the bank has a complete suite of Shariah complaint financial products and this bancaTakaful addition will bring tremendous value for the bank and its customers.
The agreement was signed by CEO Pak-Qatar Family Takaful Mr. P. Ahmed and Mr. Pervez Said, President and CEO, Dawood Islamic Bank at DIB’s Head Office.
These products will provide DIBL’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 the families by addressing their future financial needs in the unfortunate case of the breadwinner’s untimely death.