Salaam Takaful Limited has successfully launched the first digital Islamic Life Insurance company, Salaam Family Takaful Limited. The prestigious license was presented to Rizwan Hussain, MD and CEO of Salaam Family Takaful Limited by Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP) in the presence of Salaam Family Takaful’s Shariah board. Their approval confirmed that the new organization, along with its operations and products, fully complies with Shariah principles. The company is committed to offering a comprehensive digital service in accordance with SECP regulations. Rizwan Hussain expressed, “With the issuance of this license for our new company, we will soon unveil a new brand that not only aligns with our core values of customer focus and innovation but also introduces groundbreaking Islamic Life Insurance and Savings solutions that have never been seen before in the global Islamic Life Insurance sector. We have invested significant efforts in establishing a robust infrastructure to become the world’s first digital-only Life Takaful provider, and we believe that our products will deliver an exceptional digital experience, by the will of Allah.” While further details are expected to be disclosed in the upcoming days, company insiders have hinted that the products will offer a fresh perspective on policyholder benefits, incorporating unique features and cutting-edge technology for real-time information accessibility, setting a new standard in the industry.
