Al Baraka, Takaful firm join hands

Al Baraka Bank Pakistan signed a memorandum of understanding (MoU) with Pak Qatar Family Takaful at a recently held signing ceremony at their head office. This partnership will enable the bank to provide Takaful coverage for its ‘Tabeer Saving Plan’ customers in a Shariah-compliant manner. Speaking on the occasion, Al Baraka Bank Pakistan CEO Ahmed Shuja Kidwai said, “Al Baraka is always keen to provide unique and innovative products to its customers; through this we will be able to provide another Shariah-compliant financial solution for their saving needs.” He added, “I see this alliance with Pak Qatar Family Takaful as a long-term and promising solution towards our customers’ financial needs.” Commenting on the partnership, he stated “Al Baraka Pakistan and Pak Qatar should further engage in mutually beneficial projects, which are equally helpful for both our customers.”