Beema-Pakistan Company Ltd - One of the best Insurance Company in Pakistan

DAULAT

INTRODUCTION
Beema-Pakistan Co. Ltd., is pleased to present its first re-insurance product, which is one of its kind in the Pakistan market. This proprietary initiative towards re-insurance, is in line with the insurance laws of the land, Islam and the ideology of Pakistan. DAULAT is a domestic re-insurance pool, based on gold and motivated by the vision that: "The life and property of the Ummah must be protected by the
Ummah".

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The nature of insurance business is based on the 'law of probability'. This makes re-insurance initiatives absolutely Islamic is the vision statement above. The risk insured is in line with physically backed tangible assets, and these without fail, bridge the contingency of loss.

HOW
We realized that for insurance companies

paid-up capital, reserves or statutory deposits do not represent the “claim settlement ability”;
that re-insurance pools based on (printed paper) bonds and certificates are suspect, slow-moving and saturated from the tangability and marketing perspective.
we therefore address the people, who share our vision and wish to share our gold! Gold has been a traditional symbol of wealth in our society and despite being non-productive it is, tangible. We envisage that gold reserves will cause:
consolidation of national wealth, (making gold productive for the first time)
a worth-while investment for people who want an anti riba income, and
would serve the Ummah well, saving valuable foreign exchange for the country.

PREMISES OF INVESTMENT AND RETURNS
It is assumed that the Pakistan market is worth about US Dollars 20 billion in annual trade (import and exports), and USD 40 billion in insurable social assets. Together these figures represent USD 60 billion or Pakistani Rupees 3.6 trillion. The Statistical data however indicates a direct insurance premium in the Pakistan market of only US Dollar 400 million (approximately), of which 70% or USD 280 million is ceded out of the country towards re-insurance. What comes back is 26% approximately of the above to meet claims by way of retro-cession. This implies that foreign re-insurers are making 74% of what they receive from the Pakistan market to subsidize their economies! DAULAT the gold-based re-insurance pool is intended to:

save this drain and divert it to traditional investors in the domestic market causing domestic resource mobilization, and
create a real asset-base pool which can assume cross border risks reversing the present drain of our national resources.

THIS IS HOW YOU PARTICIPATE
You can invest in the country, and buy DAULAT (24K) gold re-insurance bars presently available in 250 / 500 & 1000 grams presentation at the current (daily) rates of gold. Confidentiality is naturally guaranteed; Returns on your investment are transparent and certain, based on the premises of the above assumptions. These returns can go well beyond 30% p.a. (projected but not guaranteed) without any phpect of ‘riba’. You have easy exit by selling your holding on the days price of gold, and special systems are in place to prevent runs on the commodity. Your profits from our perspective, are not pegged to gold they are pegged to re-insurance. What you may make on gold is added income!

SECURITY FEATURES
Your investment is secure because the:

possession and ownership of the gold is with you.
safe-keeping is insurable additionally should you wish to retain your holdings in our approved bank / insurance
vaults.
exit is certain because of your ability to sell your holdings at a minimum of the days rate of gold.
Tax burdens are near nil. Capital gain and other taxes are pro-rata to your holdings. This is because the medium of investment is equated to buying a share in the "risk" being assumed, instead of, and unlike, investment in equity shares, bills, bonds and certificates.

PRE-QUALIFICATION
Basically anybody does qualify for this investment in the status of a partner in the risk exposure of Beema-Pakistan. You are however, additionally required:

to be an adult individual or a joint stock / private / partnership company;
having cash (local or foreign) to buy your holdings.
be a DAULAT re-insuring member of Beema-Pakistan.
having nominated a next-of-kin to inherit your holdings and membership

If you meet the above requirements, you qualify!

HOW DO YOU DO
If you qualify and make-up your mind to be a DAULAT re-insurance member, you:

fill-in the membership form.
attach to the form, your one time non-refundable membership fee, evidenced by a bank deposit slip in the account of Beema-Pakistan Company Limited.
have the paid form delivered to Beema-Pakistan branch office closest to you, in exchange of your membership certificate. This certificate enables you to buy and sell DAULAT and entitles you to receive re-insurance premiums.
your membership will qualify you to buy your DAULAT stocks from any authorized retailer within and outsidePakistan and trade your holdings freely through them / us.
your membership fee automatically gives you, a trading entitlement through the Daulat Exchange.
with every purchase you may make in any of the three denominations of DAULAT you will be required to execute a 'Re-insurance Treaty Certificate' in favour of Beema-Pakistan which will in effect establish your annual entitlement to re-insurance premiums.
after your first acquisition of DAULAT you will be treated as a life member of the DAULAT re-insurers
community, and you will remain so even if you off-load your holdings to zero.
you are now in business as a re-insurer!

SALIENT FEATURES OF THE DAULAT RE-INSURANCE POOL

DAULAT is a brand name of the gold tablets / bars set afloat by Beema-Pakistan representing the risk, assumed by the company.
DAULAT is a financial product aimed at the creation of a domestic re-insurance pool representing a real asset-base, such that would synchronize the 'Risk Assumed' by Beema-Pakistan to its "Claim Settlement Ability".
DAULAT is an Islamic financial product totally RIBA free as it shares the risk of loss with the benefit of high returns.
In the extreme eventuality of loss, which is improbable in the business of Insurance, except by an act of God, natural disasters, or the extra-ordinary that defies and denies the 'law of probability'; the maximum loss to your holding is guaranteed to the extent of your holding. This implies that if you hold 100 grams of gold your maximum loss can be the value of 100-grams. Pro-rata factors of loss can have you called upon to pay such amounts from your holdings as would represent the extent of loss.
In the extreme eventuality any loss appropriation, should they occur, will demonetize your holding by the percentage of the call, without involving any cash disbursements by you.
Your membership certificate is non-transferable except to your next of kin and that too in the event of death.
Each individual tablet / bar holding, is represented by a re-insurance certificate and these are tradable, transferable mortgageable freely.
Outside Pakistan branches of Beema-Pakistan are required to manage these re-insurance certificates.
Re-insurance cessions are made annually or as frequently as they become available on each. Re-insurance Certificate basis.
DAULAT is minted with guarantees for the purity of the gold and the weight.

Email: daulat@beemapakistan.com