Pak Qatar Family Takaful Limited and KASB Modaraba sign business deal

Lahore: Pak Qatar Family Takaful Limited and KASB Modaraba have entered into a Takaful distribution agreement. The signing ceremony was held at Pak-Qatar Family Takaful Head Office in the presence of senior officials from both business partners including Nasir Ali Syed (CEO), Mohammad Menhas (Deputy CEO and Country Sales Head) and Kamran Rashid (Head of Banca Takaful and ADC) from Pak-Qatar Family Takaful Ltd. Whereas KASB Modaraba was represented by Rashid K. Siddiqui (Chief Executive Officer), Mahmood Ali Shah Bukhari (Chief Operating Officer) and Liaquat Mahmood Shah (GM Operations).

Mohammad Menhas, Deputy CEO and Country Sales Head (PQFTL) on the occasion said, “This relationship will act as a benchmark of quality and service in the coming days for BancaTakaful industry. We are proud to with a prestigious Islamic Financial Institution like KASB Modaraba. The business venture will benefit both parties in terms of revenue and cross-selling of products whereby they will be using their resources and Marketing channels for the promotion of takaful products.

Mahmood Ali Shah Bukhari and Rashid K. Siddiqui while speaking at the ceremony said, “We feel there is a genuine need amongst our customers for Life Takaful products and we believe this association with Pak-Qatar Family Takaful Ltd. will add tremendous value to KASB Modaraba in future.”

KASB Modaraba is a multipurpose, perpetual and multi dimensional Modaraba company – an Islamic Financial Institution extending financial facilities to its customers in accordance with Shariah principles. Over the years, KASB Modaraba has operated with a strong Code of Business Ethics, showing robust growth and performance.