Takaful cover

LAHORE: Pak-Qatar General Takaful Limited (PQGTL) would cover the assets of DIB Car Ijarah and Housing Finance and Pak-Qatar Family Takaful Limited (PQFTL) will cover life and health of Dubai Islamic Bank (DIB) employees.

The representatives of Pak-Qatar General & Family Takaful and Dubai Islamic Bank Pakistan signed the agreements in this regard. PQGTL comprehensive Takaful for DIB’s Car Ijarah assets would include cover for riots, acts of terrorism and natural disasters.

According to a statement issued here on Thursday the cover for DIB’s home finance assets will include natural disasters, fire and allied perils. The PQFTL would provide DIB’s employees with Life, Health and staff loan coverage.

Commenting on the bank’s performance, CEO DIB M A Mannan shared, “Our auto finance facility registered a volume of Rs2.9 billion within nine months of its launch. Likewise, in home finance, within 12 months time DIB registered a volume of Rs2.6 billion, which is the fastest growth rate in the entire industry.”