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Pak Qatar Family Takaful Limited
Multan, Pakistan
Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful in Pakistan, is regarded as a technology-driven Shari’ah Compliant company providing need-based and cost-effective Takaful solutions in Pakistan.
Incorporated in 2006, and began operations in 2007, the company is registered and supervised by the Securities and Exchange Commission of Pakistan (SECP). An independent Shari’ah Supervisory Board chaired by Mufti Muhammad Taqi Usmani, certifies all products and operations for Shari’ah compliance. The company is rated A- (Stable Outlook) by JCR-VIS Credit Rating Co. Ltd.
The company’s vision of providing financial protection through Takaful to everyone is supported by some of the strongest financial institutions in the state of Qatar such as Qatar Islamic Insurance Company (QIIC), Qatar International Islamic Bank (QIIB), Qatar Islamic Bank (QIB), Qatar National Bank (QNB), the Amwal Group, Masraf Al-Rayan and Munich-based FWU AG. The combined together assets under management of the sponsors amounts US$ 26.12bn as at 31 December, 2007.
Pak-Qatar is the first dedicated Takaful Group in Pakistan starting with both Family and General Takaful operations. The paid-up capital of Pak-Qatar Family is Rs. 533 million; the combined paid-up capital of the Group is Rs. 840 million.
The company is further strengthened by its Re-Takaful arrangements with Munich-Re, Hannover Re and Takaful–Re. We are well-positioned to ensure impeccable client service following heavy investments in procurement of state-of-the art technology from Malaysia and in SAP ERP solutions. We have strategic BancaTakaful alliance with FWU AG.
Pak-Qatar is present in multiple heartlands of Pakistan and fast-moving into smaller cities and towns. As a flag-bearer of Takaful, we are constantly engaged in community-development through Takaful solutions.
Incorporated in 2006, and began operations in 2007, the company is registered and supervised by the Securities and Exchange Commission of Pakistan (SECP). An independent Shari’ah Supervisory Board chaired by Mufti Muhammad Taqi Usmani, certifies all products and operations for Shari’ah compliance. The company is rated A- (Stable Outlook) by JCR-VIS Credit Rating Co. Ltd.
The company’s vision of providing financial protection through Takaful to everyone is supported by some of the strongest financial institutions in the state of Qatar such as Qatar Islamic Insurance Company (QIIC), Qatar International Islamic Bank (QIIB), Qatar Islamic Bank (QIB), Qatar National Bank (QNB), the Amwal Group, Masraf Al-Rayan and Munich-based FWU AG. The combined together assets under management of the sponsors amounts US$ 26.12bn as at 31 December, 2007.
Pak-Qatar is the first dedicated Takaful Group in Pakistan starting with both Family and General Takaful operations. The paid-up capital of Pak-Qatar Family is Rs. 533 million; the combined paid-up capital of the Group is Rs. 840 million.
The company is further strengthened by its Re-Takaful arrangements with Munich-Re, Hannover Re and Takaful–Re. We are well-positioned to ensure impeccable client service following heavy investments in procurement of state-of-the art technology from Malaysia and in SAP ERP solutions. We have strategic BancaTakaful alliance with FWU AG.
Pak-Qatar is present in multiple heartlands of Pakistan and fast-moving into smaller cities and towns. As a flag-bearer of Takaful, we are constantly engaged in community-development through Takaful solutions.
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