Pak-Qatar General Takaful Limited (PQGTL) is one of the leading General Takaful companies in Pakistan. The company commenced its operations in 2007. Pak-Qatar General Takaful Limited offers comprehensive General Takaful (Non-Life insurance) products’ portfolio for corporate customers as well as individual clients. 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+” (Single A Plus) with Stable Outlook by PACRA and ‘A’ (Single A) with ‘Stable’ Outlook by the VIS Credit Rating Company Limited.
PQGTL 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 Pakistan Reinsurance Co Limited, Kuwait Re, Cobalt Re, Saudi Re, Arab Re, Tunis Re and Kenya Re.
Pak-Qatar General Takaful (PQGTL) is offering coverage to approximately 1,500 corporate members comprising Textile, Pharma, Hospital, Various Industrial risk, Banks and Modarbas, and over 30,000 individual Takaful members. PQGTL major segments include: Fire and Allied Perils, Marine (Inland, Import, and Export), Engineering, Motor, Cash in Safe, Cash in Transit, Personal Accident, Health, Financial Lines & Travel.
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Industry
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Insurance
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Company size
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501-1,000 employees
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Headquarters
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Suite # 402-404, Business Arcade Plot 27/A, Block 6, P.E.C.H.S., Sharea Faisal, Karachi, Sindh
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Type
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Privately Held
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Founded
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2007