Preview

Dawood Family Takaful

Satisfactory Essays
Open Document
Open Document
356 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Dawood Family Takaful
Ref: DFTL/Lhr/Intro/A-95

DAWOOD Family Takaful ltd.

Dear,
SIR/MADAM,

Assalam-o-Alaiqum,

With the increasing demand of Islamic Financial products throughout the country, it is observed that there lies a dearth of Islamic products, especially from a Risk Mitigation perspective. This provides us with an opportunity to introduce a dedicated Takaful company, offering products and services in compliance with Shariah.

THE COMPANY: DAWOOD FAMILY TAKAFUL LTD has been established as the pioneer in Family Takaful in Pakistan and is part of the first Takaful Group which has both a family Takaful and group Takaful companies in the Sub-Continent, backed by strong and committed sponsors are, First Dawood group, Gulf Capital, Allied Bank of Pakistan, Habib Metro Politian Bank, Sittara Group of Companies, Ora-Tech System, Dawood Islamic Bank, Dawood Hercules, Dawood Yamaha, BRR Mudaraba, Crescent Standards and Pak-Engro Group.

DFTL has developed a strong backbone to provide Shariah compliant Takaful solutions to the corporate world. Moreover, the company has developed a group of highly professional and energetic human resource, focused on implementing Takaful in Pakistan.

DFTL is proud to introduce for the first time in Pakistan, our Family Takaful products are, Group Life Takaful, Provident Fund Takaful, Pension Takaful, And Retirement Takaful & Most Reliable Saving Takaful At Corporate Level.

Childes Higher Education, Marriages Takaful Plans, Retirements Plans, Pension Plans, Old Age Benefits Plans And Savings & Income Protection Plans To Individuals.

The template of information required devising a solution for the employees of your esteemed organization. We are confident that the above features will assist you in choosing Dawood Group as your Group Family Takaful provider, a decision which will impact the well being of your employees in years to come.

But now first time in financial history of Pakistan, Company introduces unique products to

You May Also Find These Documents Helpful

  • Satisfactory Essays

    DHFL Pramerica Family First is a monthly benefit term insurance plan. It offers twin death benefits upon the demise of the life insured in the form of a lump sum payout, paid immediately to take care of the family’s immediate needs and a regular monthly income to take care of the family’s everyday recurring expenses in the future. This protection plan is designed to ensure that the family of the life insured does not face any financial adversity in their lives. The plan is available at competitive premium rates to cater to a wider range of customers.…

    • 562 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    JTB was one of the largest takaful firms based in Asia. It had a worldwide operation and was recently acquired by another major takaful company. JTB had enjoyed remarkable growth of more than 25 percent each year over the past 10 years. The firm had used a series of acquisitions to broaden the type of takaful offerings and had also grown internally…

    • 3929 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    The purpose of this paper is to give professionals working in Islamic countries a better understanding of the business system in those countries. The Islamic world may be complex as its 1.3 billion people, but there is one rule is straightforward for all Westerners and should never be broken if you want to do business in this area.…

    • 700 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Bilal, G. (1999). Business Organizations under Islamic Law: A Brief Overview. Proceedings of the Third Harvard University Forum on Islamic Finance: Local Challenges, Global Opportunities , 83-89.…

    • 3918 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Case Study on Dabbawalas

    • 2835 Words
    • 12 Pages

    The idea of Dabbawalas started in 1890s. At that time, India was being colonized and the British colonial masters could not get used to the local food. Hence, there was a need for the delivery of home-cooked food to the colonial masters and a group of locals decided to initiate the food delivery service chain. Eventually, MTBSA (Mumbai Tiffin Bow Suppliers Association) was established. Currently, there is an estimated number of only about 5,000 Dabbawalas delivering approximately 200,000 lunch boxes per day!…

    • 2835 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    The incorporation of Takaful Malaysia was based on the recommendation of the “Task Force on the Study for the Establishment of an Islamic Insurance Company in Malaysia” (Task Force) set up by the Government of Malaysia in 1981.…

    • 1432 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Given the tightly-regulated economy and corruptive government in Pakistan, Khalid Awan managed to negotiate with the government for a joint venture with DHL as well as the rights to offer limited domestic courier services. The former, which only limits to international courier services, benefits TCS with DHL's systems in terms of productivity, service standards, and customer endorsements. The latter, approved under a central excise duty, gave TCS a right to exploit this profitable market and TCS successfully obtained over half of the market share as shown in Exhibit 8.…

    • 738 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Make Life Takaful a forced and easy saving instrument and a profitable one with attractive bonus.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    * There are two criteria which the Takaful consumers’ depend on to gain the confidence on the product. First, the operations of the business must fully comply with Shariah principles and second, the consequential wealth and financial progress of the takaful operators need to be disclosed. Information on Shariah compliance is very important in influencing the buying decisions amongst Muslims, increasing their understanding of their religion, improving transparency for enhancing governance, and protecting the Islamic identity of takaful operators. Furthermore, Shariah compliance can be used as a weapon by takaful operators to expand their market base and compete against their counterparts.…

    • 1001 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Takaful Product

    • 3865 Words
    • 16 Pages

    Takaful is originates from Arabic word Kafalah, which means “guaranteeing each other” or “joint guarantee”. Takaful is commonly referred to Islamic insurance. The tabarru’ system is the main core of the takaful system making it free form uncertainty and gambling. Tabarru’ means donation, gift and contribution. Based on principle of mutuality and cooperation, encompassing the elements of shared responsibility, joint indemnity, common interest and solidarity. Each participant that needs protection must be present with the sincere intention to donate to other participants faced with difficulties. Therefore, Islamic insurance exists where each participant contributes into a fund that is used to support one another with each participant contributing sufficient amounts to cover expected claims. The objective of takaful is to pay a defined loss from a defined fund. Theoretically, Takaful is perceived as cooperative insurance, where members contribute a certain sum of money to a common pool. The purpose of this system is not profits but to uphold the principal of “bear another’s burden”.…

    • 3865 Words
    • 16 Pages
    Good Essays
  • Satisfactory Essays

    hong leong

    • 795 Words
    • 4 Pages

    Our deposit products are offered under the Shariah contract of Wadiah Yad Dhamanah and Mudharabah (Profit Sharing), which are in accordance with the Shariah principles. Based on the Wadiah concept, your savings account will be entitled to Hibah (gift) at the bank’s discretion. Our Mudharabah Savings Account-i and Current Account-i pays monthly dividend based on mutually agreed Profit Sharing Ratio (PSR).…

    • 795 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    marketing latestttt

    • 1134 Words
    • 4 Pages

    For the home financing product, bank Islam offered two home financing products, which are Property Financing-i (Tawarruq) - Baiti Home Financing Property Financing-i (Tawarruq) – Wahdah Home Refinancing. The Shariah concept applicable for both financial products is Tawarruq. The issues facing both home financing products are the shariah concept itself that is tawarruq. Although it is widely used form of liquidity management instrument to date, Tawarruq is a debate issue among the scholars and there many issues surround it. Rohmatul,Fathia and Sarni (2011) described that Tawarruq nullifies the aims of Islamic Banking in many ways such as Tawarruq imitates the riba-based banks in offering financing hence it creates confusion between Islamic and…

    • 1134 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Takaful needs to be operated within Islamic principles which it must be Shariah compliance. Therefore, in conducting the business, all the transactions of Takaful must be free from the elements of riba, gharar, and maysir.…

    • 1440 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    research on salam contract

    • 1627 Words
    • 7 Pages

    In Malaysia, Waqf Management of Selangor which is managed by MAIS has introduced a scheme called Selangor Share Scheme with the purpose to encourage the public to purchase the share units which are offered by MAIS and to waqf the certificates in the name of Allah S.W.T. This scheme is established based on Section 17 Waqf Enactment (Selangor) 1999 with the main purpose of taking care of the importance and welfare of the Muslims. Collection from this scheme is put into a Cash Waqf Group Fund, a group of money collected from income received from waqf properties. This scheme is open to everyone who is a Muslim (pp.562).…

    • 1627 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Takaful

    • 562 Words
    • 3 Pages

    This Takaful plan covers the CONTENTS of home, such as furniture, furnishings, household goods, kitchen equipment and other appliances, television and radio sets, and other similar equipment, clothing, personal effects and valuables.…

    • 562 Words
    • 3 Pages
    Good Essays