RBS Islamic Banking, Pakistan recently launched the first family Bancatakaful product "Kafeel". RBS joined hands with Dawood Family Takaful Limited (DFTL) to bring this customized savings and Family Takaful plan exclusively for RBS customers.

Shehzad Naqvi, Country Executive RBS Pakistan, Abdul Halim Nasri, CEO Dawood Family Takaful Limited and Ayaz Dawood, Director Dawood Family Takaful Limited termed "Kafeel" as a true value -addition for RBS customers seeking Shariah Complaint life Insurance coverage along with savings option. Mufti Munib Ur Rehman, Chairman Shariah Supervisory Board along with DFTL's Shariah Advisory Committee and Mufti Mohib ul Haq, RBS Shariah advisor approved the Family Takaful product and its associated processes.

This family Takaful solution is an alternative to conventional insurance and has been tailor made keeping in view RBS customers' religious beliefs, needs and preferences.

Shehzad Naqvi, Country Executive RBS Pakistan stated "RBS Islamic Banking is a client driven institution which continues to provide innovative customer centric solutions and the launch of Bancatakaful in Pakistani Islamic Banking industry is the reflection of our understanding of customer needs met through shariah compliant financial instruments ".

Ayaz Dawood, Director Dawood Family Takaful Limited commented, "We are proud to be associated with RBS in this new endeavor. RBS Islamic Banking has now made a new mark in history by leading the way in product innovation coupled with Shariah compliance and banking excellence."

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Notes for Editor:

The Royal Bank of Scotland Group is a major international bank in Asia Pacific with a presence in 15 countries serving corporate and institutional clients. RBS provides a full range of investment and transaction banking capabilities as well as wealth management, retail and commercial banking. The international wealth management arm offers private banking and investment services to clients in selected markets through the RBS Coutts brand.

The RBS Group operates in the following Asia Pacific countries: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam