Pak-Qatar Family Takaful Limited (PQFTL) is the first and largest dedicated Family Takaful Company in Pakistan. PQFTL is a progressive and a technology-driven Shari’ah Compliant company providing innovative Takaful solutions since 2007. PQFTL is the fastest growing Family Takaful operator in the country.
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 Hassaan Kaleem certifies all products and operations for Shari’ah compliance. Mufti Muhammad Taqi Usmani was the founding Chairman of the group’s Shari’ah Advisory Board since inception and named Mufti Hassaan Kaleem as his successor in 2019. The company is rated “A+” (having Stable Outlook) by JCR-VIS Credit Rating Co. Limited and Pakistan Credit Rating Agency (PACRA). The Company’s paid-up capital is in excess of Pak- Rs. 1.81 billion.
PQFTL has a vision of providing financial protection through Takaful to everyone. The company’s shareholders include some of the strongest financial institutions in the state of Qatar such as Qatar Islamic Insurance Company (QIIC) and Qatar International Islamic Bank (QIIB). The company is further strengthened by its Re-Takaful arrangements with Munich-Re and Hannover Re. Pak-Qatar Family Takaful Limited has strategic BancaTakaful alliance with FWU AG, a leading life insurance company based in Munich (Germany), for distribution of Takaful policies through banking channels.
Pak-Qatar Family Takaful Limited has one of the largest Takaful branch networks across Pakistan (over 100 branches in 90 cities), in addition to over 3,500 bank branches in over 200 cities that provide BancaTakaful products.
Pak-Qatar Family Takaful (PQFTL) is currently providing need-based financial protection to more than 1000 corporate clients and over 700,000 Individual Takaful members for Individual Family, BancaTakaful, Group Family and Group Health business segments. Pak-Qatar Family has around 240+ prominent hospitals on panel across Pakistan to provide best healthcare to Takaful members.
Pak-Qatar Family Takaful Limited is recipient of several domestic and international awards and nominations including, ‘Best Takaful Company’ Award from FPCCI in 2020, ‘Brand of the Year’ at the FPPCI Awards in Karachi 2018, ‘Best Takaful Operator’ by IFN Awards in 2017, ‘Best Takaful Operator in Pakistan’ award at the 10th International Takaful Summit London 2016 and ‘Best Takaful Company in Pakistan’ for the year 2015 at ‘RTC Islamic Banking & Finance Awards’ ceremony in Islamabad.