Faysal Bank Limited has signed a Bancatakaful agreement with Pak-Qatar Family Takaful Limited and FWU AG a global facilitator of Bancatakaful at Faysal House Karachi recently. Bancatakaful agreement was signed by Aarij Ali, Head Retail Banking of Faysal Bank Limited and P. Ahmed, CEO Pak-Qatar Family Takaful Limited.
Aarij Ali, Head Retail Banking said. "Following the acquisition of RBS Pakistan, Faysal Bank's footprint has expanded to over 220 branches, with combined business assets of over PKR 250 billion, further strengthening its balance sheet and placing it amongst the top five banks in Pakistan. "
Also present at the ceremony, P Ahmed said, "Pak-Qatar Family Takaful, the pioneer of Family Takaful in Pakistan, is the fastest growing Takaful company in the region. It is sponsored by the leading financial institutions in the state of Qatar. Having a customer centric strategy, they are serving Pakistani customers with risk mitigation and savings products which are both competitive and comprehensive"
The FWU Group has its headquarters in Munich and is a recognised "Global Leader in Takaful expertise", winning six Takaful Industry Awards in the past two 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.-PR
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