seeks to bring banking and Insurance together in offering comprehensive financial solutions, to better serve the existing customers of UBL as well as to bring in new business. The company has emphasized the hiring of top of the line experienced underwriters to provide a solid operational framework to the company.
By the grace of Almighty, The Company has underwritten gross premium of Rs. 3.0 billion during 2017 including window Takaful Operations and has been assigned “AA-” (Double A Minus) rated by JCR VIS.
UBL Takaful is providing a complete range of Takaful services and products to general public and corporate in order to meet their business requirements.
The company is consistently ensuring that the products and services offered are in accordance with the principles of the Holy Quran and Sunnah as recommended by its Shari’a Supervisory Board. All contracts are based on Al-Wakala model managing the portfolio of Takaful operators for a pre- agreed fee.
- All contracts are based on Al-Wakala model managing the portfolio of Takaful operators for a pre- agreed fee.
The investment operations are governed by the principles of Al-Mudaraba (profit and loss sharing financing technique).
The Re-takaful fund is managed by experts who invest these funds in an interest-free Shari’a compliant equity investment schemes