AVN 72.11 Increased By ▲ 0.69 (0.97%)
BOP 9.04 Increased By ▲ 0.02 (0.22%)
CHCC 136.40 Increased By ▲ 0.23 (0.17%)
DCL 9.75 Increased By ▲ 0.08 (0.83%)
DGKC 106.74 Decreased By ▼ -0.06 (-0.06%)
EFERT 61.40 Decreased By ▼ -0.09 (-0.15%)
EPCL 45.64 Increased By ▲ 0.34 (0.75%)
FCCL 21.46 Decreased By ▼ -0.02 (-0.09%)
FFL 15.10 No Change ▼ 0.00 (0%)
HASCOL 15.26 Increased By ▲ 0.10 (0.66%)
HBL 129.98 Decreased By ▼ -0.13 (-0.1%)
HUBC 84.54 Decreased By ▼ -0.01 (-0.01%)
HUMNL 6.04 No Change ▼ 0.00 (0%)
JSCL 28.37 Decreased By ▼ -0.13 (-0.46%)
KAPCO 28.62 Increased By ▲ 0.02 (0.07%)
KEL 3.69 Increased By ▲ 0.03 (0.82%)
LOTCHEM 13.20 Increased By ▲ 0.04 (0.3%)
MLCF 40.95 Decreased By ▼ -0.02 (-0.05%)
OGDC 102.95 Increased By ▲ 0.05 (0.05%)
PAEL 34.70 No Change ▼ 0.00 (0%)
PIBTL 12.83 Decreased By ▼ -0.02 (-0.16%)
PIOC 95.43 No Change ▼ 0.00 (0%)
POWER 9.70 No Change ▼ 0.00 (0%)
PPL 92.83 Increased By ▲ 0.01 (0.01%)
PSO 206.80 Increased By ▲ 0.04 (0.02%)
SNGP 44.23 Decreased By ▼ -0.07 (-0.16%)
STPL 16.00 Decreased By ▼ -0.25 (-1.54%)
TRG 72.95 Decreased By ▼ -0.36 (-0.49%)
UNITY 27.36 Increased By ▲ 0.05 (0.18%)
WTL 1.10 Increased By ▲ 0.05 (4.76%)
BR100 4,399 Increased By ▲ 24.17 (0.55%)
BR30 22,249 Increased By ▲ 134.76 (0.61%)
KSE100 42,207 Increased By ▲ 159.28 (0.38%)
KSE30 17,683 Increased By ▲ 17.86 (0.1%)
Pakistan

Pak-Qatar Takaful group holds webinar on understanding takaful products

"Takaful is a community-pooling system based on the principles of brotherhood and mutual help wherein participants contribute in a common fund to help those who need it the most,” says Mufti Hassaan Kaleem.

KARACHI: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently held a webinar on Understanding Takaful Products by the company. Chairman, Shariah Advisory Board, Mufti Muhammad Hassaan Kaleem and CEO Pak-Qatar Family Takaful, Azeem I. Pirani were key speakers for the webinar.

Mufti Hassaan Kaleem while explaining about the concept of Takaful stated, “The word ‘Takaful’ originates from the Arabic language and means “joint or mutual guarantee”. Takaful is a community-pooling system based on the principles of brotherhood and mutual help wherein participants contribute in a common fund to help those who need it the most.”

He further said that Takaful is a Halal and Ethical way to fulfill your financial protection and saving needs. It is a Halal risk mitigation tool, which serves as an alternative to conventional insurance. It is fully transparent and fair ethical arrangement, which assists participants to share their risk based on cooperation, brotherhood and solidarity for common good.

CEO, Mr. Azeem Pirani while stressing upon the need of Takaful said, “It is extremely important to create awareness amongst the masses about the element of protection and its benefits. Awareness is the key to success and I firmly believe that digital medium along with conventional mediums will help a lot for the promotion of Takaful industry. Conducting regular seminars, workshops and appearance in media will also increase its reach throughout Pakistan. ”

Mr. Pirani highlighted that Pak- Qatar Takaful Group provides complete protection against all kinds of risks (Life & Non-Life) and has strong support of Re-takaful operators. The Group offers a wide variety of services including Individual, Group and Banca products, which are customized according to the customer’s financial position and needs. All these Takaful products are absolutely competitive, more rewarding and flexible for the customer, compared to the traditional insurance products.

The webinar was followed by Q & A by the viewers and in which the speakers clarified certain misconceptions about Takaful.