Lahore – Faysal Bank Limited (FBL), one of the leading banks in Pakistan has signed a BancaTakaful distribution agreement with Jubilee Life Insurance Company Ltd. Window Takaful Operations (JLI-WTO) for sales of their Shariah compliant Takaful products through its distribution channels.
Commenting on this occasion Mr Yousaf Hussain, President and CEO, Faysal Bank stated, “This business alliance between two leading brands FBL & Jubilee Life is a testimony of our commitment to provide the most diversified financial solutions to our customers from our Wealth Management platform.”
Mr. Javed Ahmed, Managing Director and CEO, Jubilee Life Insurance Company Limited, said, “BancaTakaful has shown significant growth in the last two years since we initiated the Window Takaful Operations. It has strategically assisted the penetration of insurance in a much wider audience base. We are confident that this partnership with Faysal Bank coupled with our top-quality service would create room for business longevity by providing a one stop solution to customers for all their financial needs.”
Faysal Bank through this partnership will further enhance its Wealth Management Takaful proposition and aims to build a robust financial platform to meet the saving and protection needs of their customers.