BANCATAKAFUL

Pak-Qatar Family Takaful Ltd. (PQFTL) has strategic BancaTakaful partnerships with leading national financial institutions (Al Baraka Bank (Pakistan), Bank AlFalah, Bank Islami, Dubai Islamic Bank (Pakistan), Faysal Bank, MCB Bank, JS Bank and Standard Chartered Bank (Pakistan)) to cater to its clientele’s needs in association with FWU. The FWU Group has its Headquarters in Munich and is a recognized “Global Leader in Takaful Expertise”, winning six Takaful Industry Awards in the past 2 years. It facilitates distribution of Family Takaful and Unit linked Savings products via a web based Point of Sale and administration system. Its International Takaful network includes offices in Karachi, Dubai, Kuala Lumpur and Luxembourg.

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Introduction

Saving & Takaful Plan is a Shari’ah-compliant alternative to conventional insurance, offering a unique combination of saving, investment and protection. The Saving & Takaful Plan(Bancatakaful) offers you peace of mind and takes care of the future of your loved ones by offering a savings plan and providing Takaful coverage in the event of death to your beneficiaries.

As an individual you have many dreams:

A college education for your child from a prestigious university
A dream wedding for your beloved daughter
Your spiritual journey to perform Hajj
A comfortable retired life with enough savings to take care of you and your loved ones
Any other financial objectives you may want to achieve

There’s nothing better than the Saving & Takaful Planto fulfill your dreams the Islamic Way! Based on your savings capacity, Saving & Takaful Plan offers you a range of investment options to suit your risk profile, with most flexible payment options.

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Features
Saving & Takaful Plan(BancaTakaful) offers you all the flexibility you need, because we understand that each individual has unique needs.

Contributions can be paid monthly, quarterly, half yearly or yearly. You can start with a minimum monthly contribution of Rs.5000 only
Select the membership duration according to your specific objective in mind. The earlier you start the more benefits you will be able to reap. The minimum duration of the membership is 7 years. There is no maximum plan period as long as the age of the membership holder does not exceed 70 years upon maturity
You can choose an investment profile according to your risk appetite based on the Cash and/or Equity strategies. Select from 3 profiles i.e. Conservative, Balanced, and Aggressive. That’s not all; you also have the freedom of switching between the investment strategies four times a year for free
Whenever you have excess funds available you can make a lump sum payment and increase the cash value
On the other hand if you find yourself in a tight situation you have the option to decrease the Regular Contribution amount anytime during the membership tenure.*
You are also allowed partial withdrawals at any time before maturity.*
In case you want to temporarily suspend regular contributions there is an option of a Contribution holiday (an interval) for up to 12 months*
Freedom to appoint up to 4 beneficiaries (with an option to alter beneficiary(ies)throughout the term)
For the first time in Pakistan Pak-Qatar’s Saving & Takaful Plan gives you the convenience of getting your membership issued without the hassle of a mandatory medical examination. No customer will be declined, irrespective of his or her health condition. (The Takaful cover may vary based on the health evaluation). If you are 18 – 60 years of age just walk into your nearest Branch of DIB, Bank Islami, MCB, SCB, Faysal Bank, Al Baraka, JS Bank or Dawood/Burj Bank and meet Relationship Managers or dial our UAN number. Our team will assist you in meeting your Takaful needs such as:

How much to invest/save
he term you should choose
Which plan will help you achieve your desired maturity amount
Which investment/savings mechanisms are best for you
Once you have made your decision, the Relationship Manager will guide you in completing remaining formalities in as short a time as possible.

What is the core principle of Takaful?
Niyya, the core principle of a Takaful Membership is:
what we do and how we conduct ourselves depends entirely on our Intentions.
that for the creation or enactment of a Takaful Membership, most sincere and honorable intention is a pre-requisite. The other principles of Takaful are as follows:
Membership holders cooperate among themselves for their common good.
Surplus(if any) maybe distributed amongst the participants in proportion to their Takaful donations
No advantage is derived at the cost of others
What is Pak-Qatar’s Savings & Takaful Plan?
A Shari’ah-compliant program, designed to help your savings grow over time and thus secure your future and the future of your loved ones. The program is also designed to offer protection from unforeseen circumstances, by combining its savings plan with Takaful protection in accordance with Shari’ah principles. The product is offered by Banks in association with Pak-Qatar &FWU AG, a leading financial services group based in Germany.

How to Apply
For the first time in Pakistan Saving & Takaful Plan gives you the convenience of getting your membership issued without the hassle of a mandatory medical examination. No customer will be declined, irrespective of his or her health condition. (The Takaful cover may vary based on the health evaluation). If you are 18 – 60 years of age just walk into your nearest Bank branch and meet one of our Relationship Managers or dial our UAN number. Our team will assist you in meeting your Takaful needs such as:

How much to invest/save
The term you should choose
Which plan will help you achieve your desired maturity amount
Which investment/savings mechanisms are best for you
Once you’ve made your decisions, our Relationship Manager will guide you in completing the remaining formalities in as short a time as possible.

Instant Takaful Membership Issuance?

Open your bank rupee current or savings account, if you do not have one already.
Choose a plan that suits your needs
Submit your CNIC
Fill in the Application form
Now you can walk out with your Al-Islami Saving & Takaful Certificate in hand, your future and the future of your loved ones taken care of!