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Al Quran: "And help one another in righteousness and piety and do not help one another in evil deeds and enmity" (Al Quran: Al Maidah 2)     A believer is like a brick for another believer, the one supporting the other. (Sahih Muslim)     A Muslim is the brother of a fellow-Muslim. He should neither commit oppression upon him nor ruin him and he who meets the needs of a brother, Allah would meet his needs and he who relieves his brother from hardship, Allah will relieve him from the hardships to which he could be put on the Day of Resurrection. (Sahih Muslim)     The similitude of believers in regard to mutual love, affection, fellow-feeling is like that of a body, when any limb of it aches, the whole body aches because of sleeplessness and fever. (Sahih Muslim)    
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About us

Takaful Pakistan Limited was incorporated in June, 2006 with its registered head-office in Karachi. With an authorised capital of Rs. 300 million, all fully paid-up, the Company is sponsored by reputable financial institutions both local and foreign.

Managed by a team of qualified and experienced professionals and supervised by a distinguished Shariah Board, Takaful Pakistan Limited has the capacity to underwrite risks in all avenues of General Insurance namely, Property (Fire & Engineering), Marine, Motor, Liabilities, etc. In addition, the Company has the expertise and arrangements with overseas ReTakaful operators enabling it to offer comprehensive coverage for large infra-structure projects, specialized risks and umbrella/blanket covers specifically tailored for Islamic banking operations as well as for large corporate groups. The Company currently operates branches in Lahore and Peshawar besides its Head Office in Karachi.

TakafulPakistan Limited aims to lead the contemporary insurance/Takaful market ensuring that its operations are riba-free and are in line with the cardinal Islamic principles. Takaful Pakistan Limited also offers a unique option of return of surplus to its clients whereby any balance remaining in its Waqf-Fund shall be returned to the Participants in proportion to their original contributed amount.

Takaful Pakistan’s Management manages, as Takaful Operator, the general takaful operations for the participants of its Participants’ Takaful Fund (PTF) 40% of gross contribution as Wakala fee to meet the general and administrative expenses of the company.

Takaful Pakistan’s Management also manages the participants’ investment as Modarib and charges 25% of the general takaful investment income earned by the PTF as Modarib’s share.

Rating: Takaful Pakistan Limited has been assigned ‘BBB+’ rating with STABLE outlook by JCR-VIS. It is currently the only rated Takaful Company in the country and one of the few amongst contemporary insurance companies that have been assigned A ratings.

Sponsors: Takaful Pakistan is sponsored by the following institutions:

1.

House Building Finance Corporation– The largest house financing organisation in the public sector.

2.

Al-Buhaira National Insurance Company (U.A.E.)-One of the leading insurance companies of U.A.E.

3.

Al Baraka Bank (Pakistan) Limited – A dedicated Islamic bank offering Shariah-approved financial products.

4.

Sitara Chemical Industries Limited– The market-leader in Chlor-Alkali products in Pakistan; committed to developing Islamic financial products.

5.

Arif Habib Securities Limited -The fastest growing financial services provider in Pakistan.

6.

Mal-Al Khaleej (U.A.E.) – One of the companies of the prestigious Al-Rajhi Group.

7.

Emirates Investments Group LLC (U.A.E.)-A leading investment company of the United Arab Emirates.

8.

Trust Securities & Brokerage Limited (TSBL) - A leading corporate brokerage and financial advisory house based in Pakistan.

 

ShariahBoard: The Company’s Shariah board comprises of the following:

1.   

Mufti Mohammad Mohibul Haq

Chairman

2.   

Mufti Dr. Khalil Ahmad Aazami

Member

3.   

Mufti Imtiaz Alam

Member

 

 

 

As a new emerging venture, Takaful Pakistan Limited strives to be the trend-setter in the contemporary insurance market in the country by providing a viable Islamic alternative to the conventional insurance. The Company intends to maintain its services par excellence backed by efficient clients’ servicing and an innovative approach by its dedicated team of professionals; thereby providing the best possible coverage for the protection of risks for its valued clients.
As an emerging venture, Takaful Pakistan Limited strives to be the trend-setter in the contemporary insurance market in the country by providing a viable Islamic alternative to the conventional insurance. The Company intends to maintain its services par excellence backed by efficient clients’ servicing and an innovative approach by its dedicated team of professionals; thereby providing the best possible coverage for the protection of risks for its valued clients.