Pak-Qatar Family Takaful

Pak-Qatar Family Takaful

Insurance

101-105, Business Arcade, Plot # 27A, Block 6, P.E.C.H.S, Sharea Faisal, Karachi, Sindh 3,195 followers

Pak-Qatar Family Takaful Limited (PQFTL) is the first and largest dedicated Family Takaful Company in Pakistan.

About us

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 a Stable Outlook) by VIS Credit Rating Co. Limited and Pakistan Credit Rating Agency (PACRA). The Company’s paid-up capital is in excess of Pak- Rs. 1.3 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 160 branches in 125+ cities), in addition to about 4,500 bank branches in over 135 cities that provide BancaTakaful products.

Industry
Insurance
Company size
1,001-5,000 employees
Headquarters
101-105, Business Arcade, Plot # 27A, Block 6, P.E.C.H.S, Sharea Faisal, Karachi, Sindh
Type
Privately Held
Founded
2007

Locations

  • Primary

    101-105, Business Arcade, Plot # 27A, Block 6, P.E.C.H.S, Sharea Faisal, Karachi, Sindh 75400, PK

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