 has launched a one-of-a-kind Shariah-compliant investment plan by the name of Mahana Bachat){kind=link}
Karachi, Pakistan – July 18, 2024 – Pak-Qatar Family Takaful Limited (PQFTL) has launched a one-of-a-kind Shariah-compliant investment plan by the name of Mahana Bachat & Takaful Flexi Plan (MBTP).
MBTP offers members 100% Shariah-compliant returns with a minimum contribution amount of PKR 50,000. Participants can further increase their returns through regular top-up contributions as low as PKR 1,000 per month. The plan allows for easy online withdrawals, both partial and permanent. Participants may also withdraw profit in the form of an additional steady monthly income. The benefit that stands out among all other benefits is that it includes complimentary Takaful coverage of up to PKR 30 million or 6-multiple of the last 3 months’ average cash value, whichever is lower.
Beyond these key benefits, MBTP offers discounts on other Takaful covers, including a discounted rate of 1.35% on motor, 25% discount on travel, 20% on home, 50% on individual health, and 50% on additional life Takaful. This unique value proposition sets MBTP apart from similar plans in the country.
“We are pleased to offer this unique plan which is a Shariah-compliant investment-linked Takaful plan that caters to the growing demand for financial security and flexibility. It offers unmatched value with its combination of competitive returns, easy onboarding and withdrawals, with complimentary Takaful coverage.” said Mr. Waqas Ahmad, CEO of Pak-Qatar Family Takaful Limited. “We have also introduced an easy-to-use mobile app for the servicing of the plan. This is a reflection of our commitment to developing innovative Shariah-compliant solutions that empower our members to achieve their financial goals.”