Officials posing for a group picture.
DOHA: Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, has registered a solid growth in 2017 with an aggregate turnover of around Pakistani Rs9bn. The Group posted a net profit after tax of Pakistan Rs133m during the year ended December 31, 2017.
The Group reviewed and approved the financial statements of both the Companies for the year ended December 31, 2017 during the Group’s Board of Directors meeting held recently at the Serena Hotel, Islamabad. Pak-Qatar Takaful is Pakistan’s Pioneer and largest Takaful Group operating for more than a decade with the largest branch network nationwide.
The meeting was chaired by Sheikh Ali bin Abdullah Al Thani. Other Board members present in the meeting included Said Gul; Dr. Abdul Basit Ahmad Al Shaibei; Ali Ibrahim Al Abdul Ghani; Zahid Hussein Awan; Owais Ansari and Furrukh Vaqaruddin Junaidy.
Pak-Qatar Family Takaful Limited (PQFTL),is the first and largest dedicated Family Takaful Company in Islamic Finance industry. PQFTL is a progressive and a technology-driven Shari’a-compliant company providing innovative Takaful solutions in Pakistan since 2007.
PQFTL is one of the fastest growing Family Takaful operators in the country with more than 70 branches in over 41 cities, in addition to over 3,500 bank branches in over 200 cities that provide Banca Takaful products.
The Company is chaired by Sheikh Ali bin Abdullah Al Thani and sponsored by some of the strongest financial institutions from the State of Qatar. An independent Shari’a Advisory Board comprised of world renowned Shari’a scholars and chaired by Mufti Muhammad Taqi Usmani certifies all products and operations for Shari’a compliance.
The Company’s paid-up capital is in excess of Pak-Rs1.250bn, with credit rating of ‘A’ (Positive Outlook) by JCR-VIS Credit Rating Company Limited. The company is the recipient of “Best Takaful Operator Award” from the International Takaful Summit, London, as well as from IFN Redmoney, Malaysia and the Best Takaful Company Award by the President of Pakistan from RTC, Islamabad.
Pak-Qatar General Takaful Limited offers a comprehensive products’ portfolio for the national General (non-life) Takaful market. The Company is chaired by Sheikh Ali bin Abdullah Al Thani and sponsored by some of the strongest financial institutions from the State of Qatar.
The Company’s paid-up capital is in excess of Pakistan Rs509m, with credit rating of ‘A-’ (Stable Outlook) by the JCR-VIS Credit Rating Company Limited and ‘A’ Rating with Stable Outlook by Pakistan Credit Rating Agency Limited. The company continues to be the recipient of several domestic and international awards.
