KARACHI, Oct 19 With the introduction of Al-Islami Saving & Takaful plan, Pakistan Limited (DIBPL) became the first Islamic bank to launch Bancatakaful. The Al-Islami Saving & Takaful Plan is a co-branded product with Pak Qatar Family Takaful Limited (PQFTL) and FWU AG.

CEO DIBPL M A Mannan said that the bank posted a profit-before-tax of Rs174 million for the first six months of the year. The bank will be opening 12 new branches before the end of the year bringing the total branches network to 37 in 16 cities, says a press release.