Karachi: State Life Insurance Corporation (SLIC) signed Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB). This partnership will enable both organisations to offer hassle-free Shariah-compliant financial solutions to DIB customers nationwide.

As per agreement, SLIC and DIB will jointly work on Life and Health Takaful plans for Roshan Digital Account (RDA) holders and collectively market product to other areas such as in GCC market where SLIC has a strong footing. Moreover, this partnership will lay foundation for collaboration in other areas such as General Takaful for assets, DIB employee health coverage, treasury bills and Sukuks etc. for DIB customers as well.   Shoaib Javed Hussain Chairman State Life said, “State Life is a leading insurer in country and is also backed by sovereign guarantee. Collaboration with DIB, our focus is to reach larger audience and create awareness about our innovative Takaful solutions. Junaid Ahmed CEO DIB said, “State Life’s legacy of delivering high returns will now benefit our customers through Shariah compliant offerings.

This collaboration will serve as a new beginning for both organizations whereby multiple avenues of business and employee centric product offerings will be finalised”. 

Published in The Daily National Courier, October, 21 2022

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