Pak-Qatar Takaful Group Posts Rs. 123 million after tax profit in 2016

Karachi: March, 2017 – Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group’s Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company said after a recent meeting of its Board of Directors in Doha.

The meeting, presided over by Sheikh Ali bin Abdullah bin Thani al-Thani – Chairman of Pak-Qatar Takaful Group, discussed the financial results of the company for 2016 and its future plans. It was attended by Directors – Abdul Basit Ahmad al-Shaibei, Said Gul, Zahid Hussain Awan. Besides, Muhammad Kamran Saleem (CFO and Company Secretary) and Muhammad Ashraf Ali Sidiqi were also present in the meeting

Sheikh Ali expressed happiness at the performance of the company. The Group has an extensive network of more than 50 branches spread all over Pakistan. The Group’s total assets have crossed Rs 17 billion. Assets under management by the Group are of more than Rs 16 billion.

He also stated, “There was a huge demand for the company’s services across Pakistan. This placed additional responsibility on the company and its leadership. Efforts have been made to speed up the services provided to the clients and help them easily access the services of the Pak-Qatar Takaful Group.” He hoped 2017 would be another “excellent” year for the company and that it would be able to further improve its services to international standards.

Mr. Said Gul (Managing Director) stated, “It is delightful to see the robust performance of Pak-Qatar Takaful Group as the pioneers of Takaful. We have successfully structured a progressive, technology-driven and Shariah-compliant Group, providing innovative Takaful solutions in Pakistan. Our journey for the awareness and growth of Takaful will continue with further expansion plans.”

Pak-Qatar Takaful Group, the pioneer of Takaful, has truly created a market for Takaful in Pakistan, whereby paving the way for other players in the industry. The group has not only set standards and benchmarks in the industry but has trained quality Takaful human resource.