Karachi: Dubai Islamic Bank (DIB), the first Islamic Bank of the world and 5th Pillar Family Takaful Limited, the first takaful company to bring innovative Hajj and Umrah Savings products in Pakistan, have signed a strategic partnership aimed at addressing the spiritual aspirations of their esteemed customers. The signing of the agreement held at Dubai Islamic Bank Head Office, in Karachi marks a significant milestone in both Pakistan’s financial and spiritual landscape. This collaboration presents a complete solution, offering secure saving plans tailored for customers seeking to undertake the sacred pilgrimages of Hajj and Umrah, with a complete end-to-end value chain and pilgrimage services in Pakistan and Saudi Arabia.
Speaking at the occasion, Mr. Junaid Ahmad, CEO Dubai Islamic Bank, explained the unique value proposition of the Hajj and Umrah Savings Plans. He highlighted the unique merits, whereby the customers gain access not only to financial benefits but also to invaluable pilgrimage services provided by 5th Pillar Group, thereby increasing the overall appeal of the offering.
Echoing the sentiment, Mr. Nasar Us Samad Qureshi, CEO of 5th Pillar Family Takaful, expressed heartfelt gratitude for the trust reposed by Dubai Islamic Bank in 5th Pillar Family Takaful. He confirmed 5th Pillar Family Takaful’s commitment of maintaining the highest standards of ethical and Shariah-compliant products, while ensuring the delivery of exceptional services to the esteemed customers of Dubai Islamic Bank through its massive network of over 235 branches throughout the country.
Through this strategic partnership, Dubai Islamic Bank and 5th Pillar Family Takaful aim to empower customers in fulfilling their lifelong dreams of undertaking the sacred pilgrimages of Hajj and Umrah, with peace of mind. Starting from Pakistan, 5th Pillar aims to expand into other Muslim majority countries including Bangladesh, Indonesia, Turkey and Egypt in the near future with the continued support of its distinguished shareholders.
The signing ceremony was attended by senior leadership of both organizations , including Mr. Junaid Ahmad – President and Chief Executive Officer, Mr. Naveed Malik – Head of Consumer and Retail Banking, Mr. Syed Wajahat Ahmed – Head of Wealth Management, and Khan Sahban Shakeel – Head of Bancatakaful from Dubai Islamic Bank, alongside Mr. Nasar Us Samad Qureshi – CEO and Mr. Asim Raja – Chief Commercial Officer and Mr. Raja Muhammad Adnan – Business Head South from 5th Pillar Family Takaful.