DUBAI ISLAMIC BANK PAKISTAN & ADAMJEE LIFE – WINDOW TAKAFUL SIGN BANCATAKAFUL AGREEMENT
Karachi, August 5, 2016: Dubai Islamic Bank Pakistan Limited (DIBPL), and Adamjee Life Assurance Company Limited (AL) have entered into a corporate BancaTakaful agreement enabling a landmark distribution alliance.
DIBPL is a wholly-owned subsidiary of Dubai Islamic Bank UAE, world’s first Islamic Bank. AL is one of the leading Window Takaful operators in Pakistan.
The signing ceremony was held at a hotel in Karachi in the presence of senior officials from both organizations including Mr. Fredrik De Beer (CEO – AL) and Mr. Junaid Ahmed (CEO – DIBPL).
Speaking on the occasion, Mr. Junaid Ahmed (CEO – DIBPL) said “The Bank is focused on providing unique, innovative financial solutions and seamless service to customers and this partnership is another step in that direction. The success of this association would depend on how well both the organizations can collaborate to provide the customers superior service and need based products. The wellbeing of our customers is always our utmost priority”.
Mr. Fredrik De Beer (CEO – AL) said “We are delighted to partner with DIBPL and look forward to providing attractive protection and investment solutions to their customers. DIBPL is the largest BancaTakaful distributor in Pakistan and we at Adamjee Life are completely geared to help it achieve newer heights. Whenever AL partners with a bank the main focus is on providing an enhanced customer servicing experience and adding to the banks’ bottom line and rest assured, we won’t leave any stone unturned to achieve this objective for DIBPL”.
ABOUT DIB PAKISTAN
Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB). The parent company DIB is a listed company in Dubai. DIBPL commenced operations in Pakistan as a scheduled Islamic Commercial Bank on March 28, 2006. As a Minimum Capital Requirement (MCR) compliant Bank, the DIBPL enjoys a short-term credit rating of ‘A-1’ and long-term credit rating of ‘A+’ with a “positive” outlook, from JCR-VIS, indicating the bank’s robust position in the industry.
DIBPL has always endeavored to provide innovative financial products and services to our customers through our growing network of over 243 locations (200 Branches and 43 Branchless Booths) across 62 cities in Pakistan. DIBPL continues to reaffirm its commitment of World Class Banking expertise with the largest Shari’a compliant product suite in Retail, Corporate, Consumer, Trade, Commercial, Treasury and Investment Banking services across Pakistan
ABOUT ADAMJEE LIFE
Adamjee Life Assurance Company Limited which has launched its Takaful operations this year is one of the top players in the Life insurance industry. The company was launched in 2009 through collaboration between globally recognized insurance giant Hollard International, South Africa and Nishat group, the largest business conglomerate in Pakistan with assets above US$ 10 billion.