MCB Islamic, AICL-WTO Launch Free Takaful

MCB Islamic Bank and AICL-WTO partner to embed free Takaful in digital deposits, driving innovation, trust, and financial inclusion through customer-first digital strategies.

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MCB Islamic Bank has joined hands with Adamjee Insurance Company Ltd. (WTO) to embed free Takaful protection into digital deposit accounts, marking a milestone in the Bank’s Digital First strategy. The agreement was signed by Zargham Khan Durrani, President & CEO of MCB Islamic Bank, and Muhammad Ali Zeb, MD & CEO of AICL-WTO, reaffirming both organizations’ commitment to innovation-led collaboration.

“This initiative reflects our Digital First approach and how we innovate, by listening to customers and reimagining digital deposit accounts as instruments of care, not just safekeeping,” said Durrani. He emphasized that offering free Takaful at account opening, without balance requirements, strengthens trust, accelerates digital adoption, and advances financial inclusion.

Zeb praised the Bank’s vision, noting: “We highly appreciate the Bank’s visionary approach of embedding free Takaful into digital deposit accounts as a truly customer-first initiative. As a committed partner, we stand fully aligned with MCB Islamic to ensure this protection is delivered seamlessly, responsibly, and at scale.”

The partnership highlights a new era of customer-focused innovation in Pakistan’s financial sector, positioning digital deposits as tools of empowerment and care.