Dr. Syed Arif Hussain MBBS, MBA (Marketing) who is the Chief Executive Officer of
Talking to PAGE Dr
PAGE: WOULD YOU LIKE TO SHARE THE EFFORTS OF TAKAFUL
DR. ARIF: Takaful Pakistan was given the license in 2007 and in the same year it started expanding its business rapidly by opening at least 14 branches across the country from
DR. ARIF: It is true but one should not ignore the ground reality that Peshawaris exposed to acts of terror more frequently as compared to other cities. Either insurance or
PAGE: SINCE THE ISLAMIC FINANCE OR TAKAFUL INDUSTRY HAS REGISTERED A ROBUST GROWTH AND A QUANTUM JUMP IN ISLAMIC FINANCE WHICH IS REPORTED FROM 5 PERCENT TO 20 PERCENT OF THE TOTAL FINANCIAL SECTOR, WHAT THE MARKET RESPONSE FOR TAKAFUL
DR. ARIF: Takaful Pakistan is actively engaged in general
PAGE: HAVE YOU CHALKED OUT YOUR PLANS FOR EXPANSION OF YOUR OPERATIONS IN COLLABORATION WITH ANY ISLAMIC BANK?
DR. ARIF: Yes, we are in the process for building up such a collaboration with an Islamic bank in near future which hopefully helps expanding our general
PAGE: WHAT IS YOUR FUTURE PLANS TO EXPAND BUSINESS?
DR. ARIF: We are taking an initiative to provide livestock
PAGE: HOW TAKAFUL OR INSURANCE SECTOR CAN HELP IN IMPROVING THE LIVING STANDARD ESPECIALLY FOR THE LOW INCOME GROUP AS THEY ARE DEPRIVED OF ANY HEALTH, EDUCATION COVER IN
DR. ARIF: It is my earnest desire to provide insurance cover for the man living on day to day earnings. The underprivileged segment of the society deserve
PAGE: WHAT ARE THE FACTORS BEHIND YOUR PLAN FOR EXPANSION OF YOUR BUSINESS AT THIS POINT OF TIME?
DR. ARIF: Actually, now our sponsors are of view that this is a time to go for an aggressive marketing because Islamic finance is also growing on the other hand.
PAGE: WOULD YOU LIKE TO NAME YOUR SPONSORS?
DR. ARIF: Our main sponsors are including HBFC,
Dr. Arif is a young and motivated person, bringing to
Although, working in non-life
Takaful Pakistan offers a wide range of Shariah compliant standard risk-coverage products. Also, Takaful Pakistan has the expertise to develop and tailor Shariah compliant risk coverage solutions to meet specific business or personal requirements.
Paid up Capital:
Standard range of the risk coverage products of Takaful Pakistan are:
FIRE and PROPERTY TAKAFUL
Fire and Allied Perils, Householders’ Comprehensive, Shop-owners’ Comprehensive, Fire Consequential Loss
Machinery Breakdown, Boiler And Pressure Vessels, Electronic Equipment, Contractors’ All Risks
Erection All Risks, Computer All Risks, Contractors’ Plant and Machinery, Consequential Loss Following Machinery Breakdown/Industrial All Risks, Fidelity Guarantee, Burglary, All Risks Contents
Plate Glass, Third Party Liability, Product Liability, Workmen Compensation
In-patient Treatment, Maternity, Out-patient Treatment
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