As part of their aim to provide innovative products and utilize the digital paradigm to redefine takaful, TPL Insurance Limited – Window Takaful Operations (WTO) is pleased to announce its collaboration with Faysal Bank. This partnership will enable both companies to offer hassle-free Shariah-compliant financial solutions to customers.
To mark the occasion, an MoU signing ceremony was held at TPL Insurance Office, Karachi. Present at the ceremony from Faysal Bank were Mr. Aneeq Malik – SEVP -Group Head Consumer Finance & Payment Services and Mr. Parvez Noor Sirohi – EVP – Business Head Secured and Mr. Nazeer Ahmed – National Sales Manager. Present from TPL Insurance were, Muhammad Aminuddin – CEO, Syed Ali Hassan Zaidi – COO, Aurangzeb Javed Siddiqui – Head of Financial Institutions Group (FIG), and Mansoor Iqbal – Manager (FIG).
Signatories: Mr. Aneeq Malik – SEVP – Group Head Consumer Finance & Payment Services, Faysal Bank, Mr. Muhammad Aminuddin – CEO, TPL Insurance
From left to right: Mr. Nazeer Ahmed – National Sales Manager, Faysal Bank, Mr. Parvez Noor Sirohi – EVP – Business Head Secured, Faysal Bank, Syed Ali Hassan Zaidi – COO, TPL Insurance, Mr. Aurangzeb Javed Siddiqui – Head of FIG, TPL Insurance, Mr. Mansoor Muhammad Iqbal, Manager FIG, TPL Insurance.
Speaking on the occasion, Mr. Muhammad Aminuddin – CEO, TPL Insurance said, “As Pakistan’s leading Insurtech, TPL Insurance Limited takes pride in bringing disruption to the digital space, creating new market and product developments in the industry and new offerings for customers. Our efforts are singularly focused on making takaful easy and accessible for all. With our collaboration with Faysal Bank, our focus is to reach a larger audience and create awareness about our innovative takaful solutions. We aim to provide Faysal Bank customers with hassle-free takaful solutions and claim servicing.’’
Talking about the initiative, Mr. Aneeq Malik – SEVP- Group Head Consumer Finance and Payment Services said, “Creating a strategic partnership like this has paramount importance for both entities. This will allow FBL to promote its Shariah Compliant Consumer Products to a much larger audience and create further awareness about Shariah Compliant financing.”
About Faysal Bank
Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a Public Limited Company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate, and Islamic banking activities. Its footprint now spreads over more than 220+ cities. The bank has been duly licensed as a Commercial Bank by the State Bank of Pakistan (SBP) and is on track to convert the entire bank, including its branch network, into a full-fledged Islamic Bank. Faysal Bank’s vision is to be the leading Islamic Bank in Pakistan. It aims to achieve leadership in providing Shariah Compliant financial services, with customer care and employee focus together with innovation and technology being the pillars of growth.
About TPL Insurance
TPL Insurance Limited is the first company in Pakistan to sell general insurance & takaful products directly to the consumer. Since its launch in 2005, the company has grown from strength to strength and is now the leading Insurtech player in Pakistan. TPL Insurance Limited obtained a window takaful license from SECP in 2014 and specializes in tech-driven innovative solutions and digitally integrated systems to provide hassle-free customer experiences and round-the-clock services to 300K+ customers. As an AA-rated insurer, TPL Insurance Limited is committed to the development of commercial and personal line portfolios by exploring new channels, expanding existing relationships, and maintaining higher risk retentions.