Islamabad (Monitoring Desk) Kuwaiti investors have invested heavily in Pakistan’s Takaful industry. According to the news website ‘Propakistani’, 5th Pillar Family Takaful Limited is a new company, in which the investment made by Kuwaiti investors is the largest foreign direct investment in the Pakistani Takaful industry in the country’s history. (Foreign Direct Investment).
So far, more than 2 billion rupees have been invested in this company, through which this company will offer many types of family takaful products, but the company will focus on Hajj and Umar savings plans. The company has been approved by Pakistan Credit Rating Agency. (PACRA) has given ‘A Plus Stable Outlook’, the highest rating for any new takaful company.
This affects the financial position and stability of the company. Apart from Kuwaiti investors, Pakistanis have also invested in this company. Fifth Pillar Family Takaful Limited has currently started its operations in Pakistan. After Pakistan, the company also plans to start operations in Bangladesh, Indonesia, Turkey and Egypt.