*
*
*Karachi, June 6:* Pak-Qatar Family Takaful (PQFTL) has declared a Surplus
of 48 percent of Takaful Donation for its BancaTakaful customers for the
financial year ending 2010. This was announced by CEO of PQFTL, P. Ahmed.
Surplus, an inherent benefit of Takaful, is calculated on the amount
available in the Waqf Fund after paying off all claims and meeting all
expenses for the year. The Company will share the surplus amount with
Individual Takaful participants on the basis of their contributions to the
Waqf Fund.
"The provision of surplus makes Takaful equitable and financially more
viable as compared to the conventional insurance system. We are the first
Takaful Company in Pakistan to declare a Surplus on their BancaTakaful
product." Ahmed said.
PQFTL has distribution agreements in place for its BancaTakaful products
through premier banks such as Standard Chartered Bank, Dubai Islamic Bank,
Albaraka Bank, Dawood Islamic Bank, MCB Bank, Faysal Bank and Bank Alfalah.
PQFTL is the largest provider of BancaTakaful in Pakistan.
FWU Global Takaful Solutions based in the Dubai International Financial
Centre (DIFC), is the technical partner in PQFTL's BancaTakaful product and
is also one of the strategic shareholders in PQFTL. FWU is the premier
facilitator of BancaTakaful products in Saudi Arabia, the UAE, Kuwait, Malaysia
and Pakistan.
--
--
Faraz.S.Usmani | Group Account Manager
Bridge Public Relations
506, Business Avenue ,P.E.C.H.S, Block 6,
Shahra-e-Faisal, Karachi.
Contact: (9221) 4547451, 4547516
Fax: (9221) 4556967
cell # : 0300-2343848
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