Dubai Islamic Bank Pakistan Limited (DIBPL), and EFU Life Assurance Limited have entered into a corporate BancaTakaful agreement enabling a landmark distribution alliance for EFU Life's Window Family Takaful Products under a dedicated brand "Hemayah."
The signing ceremony was held at DIBPL Head Office Karachi in the presence of senior officials from both organizations including Taher G. Sachak (CEO & MD EFU Life), Junaid Ahmed, (CEO DIBPL), Khawaja Asif (Head of Consumer Banking DIBPL) and Husein Sachak (Head of Bancassurance EFU Life).
Speaking on the occasion, Junaid Ahmed of DIBPL said "This is one of the most important initiatives of this year, as DIBPL is privileged to be the first bank in the industry to enter this strategic business alliance with EFU Life. This business venture will surely benefit both DIBPL & EFU Life as this collaboration will improve DIBPL's market leading footprint and help to further grow its share in Pakistan's Takaful Industry".
Taher G. Sachak CEO & MD EFU Life said "We see a huge potential for Shariah-compliant Takaful solutions in Pakistan and I am delighted to have DIBPL as our first Islamic Bank partner for BancaTakaful. Together we are offering best value Takaful products to DIBPL customers that will help them in their long term financial planning needs."-PR
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