Al Baraka Bank Pakistan Partners with Pak-Qatar General Takaful for Takaful Coverage

Al-Baraka Bank Pakistan, part of Bahrain-based Al Baraka Banking Group, has signed a Service Level Agreement (SLA) with Pak-Qatar General Takaful, a Shariah-compliant insurance provider in Pakistan, to provide Takaful coverage for Al Baraka Business Plus customers, according to local media reports.

The SLA was recently signed by Muhammad Nasir Ali Syed, Chief Executive Officer (CEO) of Pak-Qatar General Takaful and Ahmed Shuja Kidwai, CEO of Al Baraka Bank Pakistan along with senior officials from both organisations.

According to local media reports, the SLA is specifically tailored to provide the daily needs of business class and individual customers, as well as Takaful protection.

Speaking at the signing, Ali Syed stated his hope that the partnership woul...