EFU Life Assurance Ltd and Askari Bank Ltd – Islamic Banking Services have entered into a distribution alliance for EFU Life’s Window Family Takaful Products under a dedicated brand “Hemayah”.Askari Bank Limited is a leading commercial bank of Pakistan with a fast growing Islamic Banking network. EFU Life is a leading life insurance company in Pakistan and is the first Window Family Takaful Operator licensed by SECP.
The signing ceremony was held at Askari Bank Ltd – Islamic banking services Head Office in Lahore and the agreement was signed by Mr. Mohammed Ali Ahmed, Chief Strategy Officer & Executive Director EFU Life and Mr. Fahd Sardar Khan, Country Head- Askari Bank Islamic Banking. The ceremony was also attended by senior officials of both organizations.
Speaking at the occasion, Mr. Mohammed Ali Ahmed, Chief Strategy Officer & Executive Director EFU Life, said “I am delighted to start our bancatakaful partnership with Askari Bank Ltd – Islamic Banking.There is a huge potential in Shariah Compliant takaful solutions for Pakistan and introduction of Bancatakaful products through Askari Bank a step towards providing Shariah Compliant investment and protection solutions to the bank customers for their long term impending financial needs.”