Karachi: In a significant move to enhance financial convenience, Pak-Qatar Family Takaful Limited (PQFTL) and Meezan Bank have launched an instant withdrawal service. This service, a first for a Takaful company in Pakistan, allows PQFTL’s Mahana Bachat and Takaful flexi plan clients to receive funds in their accounts within minutes. The initiative was marked by the signing of a Memorandum of Understanding between PQFTL’s CEO, Mr. Waqas Ahmad, and Meezan Bank’s Group Head of Transaction and International Banking, Mr. Muhammad Abdullah Ahmed, witnessed by senior management from both entities.

According to Pak-Qatar Family Takaful, this innovative service is integrated with Meezan Bank’s network and is poised to set new standards in Shariah-compliant financial services. The partnership aims to revolutionize the ease of accessing funds, catering specifically to the needs of PQFTL’s clients. This collaboration reflects both organizations’ commitment to providing cutting-edge financial solutions aligned with Islamic principles.

The new service underscores PQFTL’s strategic focus on enhancing customer experience through swift service delivery, aligning with its vision of offering customer-centric financial solutions. Meanwhile, Meezan Bank’s eBiz+ Payment system will facilitate the seamless, real-time transaction capability required for the instant withdrawal service, strengthening the synergy between the two institutions in advancing Shariah-compliant financial technologies.