KARACHI, Dec 2: The Pak-Qatar Family Takaful Ltd and Al Meezan Investments have signed an agreement that will provide all investors of Al Meezan Investments’ Mahana Kharch Account (MMKA) with Shariah- compliant free takaful coverage of up to Rs1 million.

The agreement was signed by P. Ahmed, CEO Pak-Qatar Family Takaful and Muhammad Shoaib, CFA Chief Executive Al Meezan Investments in Karachi on Tuesday, says a press release. According to the agreement individual investors of MMKA would be entitled to get takaful cover in case of natural death, accidental death, permanent total disability and medical expenses in case of accidents.

This takaful cover will be offered at absolutely no additional charge to the Al Meezan investors.