Pak-Qatar Family Takaful Signs Banca Takaful Agreement with JS Bank
Pak Qatar Family Takaful Limited (PQFTL) has signed a Banca Takaful agreement with JS (Jahangir Siddiqui) Bank Limited.
- (1888PressRelease) November 18, 2014 - Pak Qatar Family Takaful Limited (PQFTL) is a leading company offering Takaful solutions in Pakistan. To fulfill its commitment towards providing a higher standard of Shariah-compliant services to a wider and more diverse range of customers in Pakistan, PQFTL has signed a Banca Takaful agreement with JS (Jahangir Siddiqui) Bank Limited. This agreement marks the first direct arrangement between Pak-Qatar Family Takaful and any Bank for Banca Takaful.
The signing ceremony was held at JS Bank's Head office in the presence of senior officials from both partners, including Mr. Muhammad Menhas, Deputy CEO and Country Sales Head, Mr. Kamran Rashid, Head of Banca Takaful and ADC and Mr. S Adnan Hasan, Head of Marketing and Corporate Communication from Pak-Qatar Family Takaful Ltd. JS Bank was represented at the session by Mr. Khalid Imran, President and CEO, Mr. Kamran Jafar, Group Head - Corporate and Retail Banking Group, and Mr. Babbar Wajid, Head of Product Development and Business Management.
Mr. Muhammad Menhas, Deputy CEO and Country Sales Head at PQFTL, vowed that "This relationship will act as a benchmark of quality and service in the coming days for Banca Takaful industry. It would also help PQFTL achieve its mission of providing Takaful to everyone. We are proud to partner with JS Bank, and we are confident that JS Bank, being one of the fastest growing banks with its 212 branch network in urban and rural areas, will help promote awareness and distribution of Takaful across Pakistan."
JS Bank's President and CEO Mr. Khalid Imran, while speaking at the occasion said "This association is testament to JS Bank's understanding of the Wealth Management market in Pakistan. We feel there is a genuine need amongst our customers for Banca Takaful, and we believe this association with Pakistan's leading Takaful service provider PQFTL will add tremendous value to JS Bank's growing set of products and services."
About Jahangir Siddiqui Bank Limited
JS Bank is one of the fastest growing commercial banks with a long term rating of A+ by the Pakistan Credit Rating Agency (PACRA), with a focus to provide quality and innovative range of banking services and products. The bank is active within Retail and Consumer Banking, Treasury, Corporate and Commercial Banking and Investment Banking services. It has a large network of 212 branches across 112 cities with plans to expand its outreach with more branches nationwide serving a growing customer base across Pakistan.
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