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The Company
Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful, is a progressive
and a technology-driven Shari’ah Compliant company providing innovative
Takaful solutions in Pakistan. The company is the fastest
growing Family Takaful operator
in the region.
Incorporated in 2006, and beginning operations in 2007, the company is registered with, and
supervised by, the Securities and Exchange Commission of Pakistan (SECP). An independent
Shari’ah Advisory Board chaired by Mufti Muhammad Taqi Usmani certifies all products
and operations for Shari’ah compliance. The company is rated A (having 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), Masraf
Al-Rayan and Munich-based FWU AG.
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 in excess
of Rs. 700 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 exemplary 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 Family is recipient of several domestic and international awards
and nominations. In 2009, the company won the ‘Best Family Takaful’ award by 1st National
Achievers Award. Karachi, and the ‘Best Use of Technology’ award by the Islamic
Business & Finance Awards, UAE.
We are 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.
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