Home »Stocks and Bonds » Pakistan » DCML, DFTL sign agreement

Dawood Capital Management Limited (DCML) has entered into an agreement with Dawood Family Takaful Limited (DFTL) to provide free accidental death coverage to all its individual unit holders of open-end funds, namely Dawood Money Market Fund (DMMF) and Dawood Islamic Fund (DIF). The aforesaid agreement was executed between Tara Uzra Dawood, CEO of DCML and Abdul Halim Nasri, CEO of DFTL.

As per 'Takaful Agreement' (Islamic Life Insurance) all individual unit holders are covered against the accidental death coverage equivalent to their amount of investment in the aforementioned funds subject to the maximum limit of one million rupees. DCML was the first listed asset management company in Pakistan and has so far floated three funds: the open-end income fund DMMF, closed-end Balanced Fund FDMF and the Shariah-compliant Asset Allocation Fund (DIF).

DCML has always prioritised the needs of a cross-section of Pakistanis and has introduced children's trust funds, women funds, young professionals' fund and jehez funds. By combining these saving plans with insurance, Pakistanis can truly invest in themselves through DCM.-PR

Copyright Business Recorder, 2009


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