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Oct 22 2009

Pak-Qatar General Takaful & Bank Alfalah Sign MOU

Karachi: Pak-Qatar General Takaful Limited (PQGTL) and Alfalah Islamic Banking have signed an agreement according to which Pak-Qatar General Takaful would provide comprehensive Takaful coverage to Bank Alfalah's Auto Ijara portfolio. The agreement was signed by DCEO Pak-Qatar General Takaful Rohail Alikhan and Mr. Ijaz Farooq, Incharge Bank Alfalah Islamic Banking.

According to the agreement PQGTL would provide comprehensive Takaful coverage for Bank Alfalah's Auto Ijara assets. This cover would include cover for riots, acts of terrorism and natural disasters.

DCEO Pak-Qatar General Takaful Rohail Alikhan in his statement said that Pak-Qatar General Takaful's agreement with a premier bank like Bank Alfalah for its Islamic banking portfolio is a clear recognition of its better services backed by a highly experienced management and state-of-the-art technology systems.

Rohail Alikhan said that with the exponential growth in demand for Takaful products across the region, Pak Qatar General Takaful has all the elements necessary to take full advantage of these opportunities, with its innovative range of products and services, designed specifically to provide financial protection to the community in an ethical and transparent way.

-Ends-

© Press Release 2009

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