The largest ever Foreign Direct Investment (FDI) in the Pakistani Takaful Industry has been received by 5th Pillar Family Takaful Limited, a newly licensed Takaful company. The company has raised a massive PKR 2 billion in paid-up capital and will provide a comprehensive range of innovative Family Takaful products, with a special emphasis on Hajj and Umrah saving plans.
The Pakistan Credit Rating Agency (PACRA) has given the company an “A+ Stable Outlook” IFS rating, the highest ever for a new Takaful company. This accomplishment highlights the company’s strong financial position and stability, which is backed by renowned investors from Pakistan and Kuwait with multi-billion dollar investments around the world.
The company’s sponsors are also creating a full end-to-end value chain to facilitate cost-effective Hajj and Umrah experiences in both Pakistan and Saudi Arabia. This is a ground-breaking initiative that will allow millions of Muslims in Pakistan and other countries to fulfill their Hajj dreams with ease and comfort.
5th Pillar Family Takaful Limited began operations in Pakistan with plans to expand to Bangladesh, Indonesia, Turkey, and Egypt.
For more information, go to www.5thPillarTakaful.com or @5thpillartakaful on social media.
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