Meezan Bank, a Pakistan-based Islamic bank, has partnered with Pak Qatar Family Takaful Limited (PQFTL) to launch Meezan Kafalah, a Shariah-compliant savings product.
Launched as an alternative to Bancassurance, Meezan Kafalah allows customers to save money for future plans.
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Additionally, Meezan Bank offers other benefits such as free Takaful coverage through Takaful Partner for customer in case of death during the savings period, which includes providing funds needed for completing the desired savings objectives of the customer.
With Meezan Kafalah, a customer can accumulate 100% cash value from day one of the investment with flexibility and can easily exit the plan without paying any penalty or charges.
Meezan Bank provides a range of Islamic banking products and services through its retail banking network of 351 branches in 103 cities, over 280 ATMs, Visa debit cards, call centre and internet banking facility.
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