NEWS aRCHIVE


Pak-Qatar Group Granted the Licenses to Commence Takaful Business

Pak-Qatar Group - the first to get Family Takaful License and the first to offer both Family and General Takaful.

Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited received their operating licenses from the SECP on the 16th of August 2007. This makes the Pak-Qatar Group the first to have both a Family Takaful and a General Takaful company under one umbrella. It also gives Pak-Qatar Family Takaful Limited the distinction of being the first ever Family Takaful operator in the country.

Pak-Qatar General Takaful would offer products such as coverage for Property, Auto, Marine, Engineering and other miscellaneous areas. Pak-Qatar Family will offer financial protection for families in the case of death or disability to the breadwinner, health benefits, education plans, retirement income plans, and other savings schemes.

The Pak-Qatar Takaful Group is backed by some of the strongest financial groups in the State of Qatar. These include Qatar Islamic Insurance Company, Qatar Islamic Bank, Qatar International Islamic Bank, Qatar National Bank and The Amwal Group. The paid-up capital for Pak-Qatar Family Takaful and Pak-Qatar General Takaful will be Rs. 500 million and Rs. 300 million respectively.

Pak-Qatar has put together a visionary and experienced management team which is passionate to offer products and services which are ethical and totally Shariah compliant and will add value to the lives of people in Pakistan.