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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 TaqiUsmani certifies all products and operations for Shari'ah compliance. The company is rated A (having Positive 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. 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.Pak-Qatar Family Takaful Limited is chaired by Sheikh Ali bin Abdullah al-Thani, member of Qatar's Royal Family.
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. Pak-Qatar General Takaful Limited Amongst the pioneers of Takaful in Pakistan, Pak-Qatar General Takaful Limited offers a comprehensive products' portfolio for the national Takaful market. We are striving to provide quality financial services, need-based and tailored to cater to customised circumstances, with all efforts being made in line with the Group's vision and mission in a bid to provide everyone with the benefits of Takaful.
Pak-Qatar General Takaful Limited is chaired by Sheikh Ali bin Abdullah al-Thani, member of Qatar's Royal Family, and sponsored by some of the strongest financial institutions form the State of Qatar. The Company's paid-up capital is in excess of Rs 400 million, with a credit rating of 'A-' (Single A Minus) having 'Stable' Outlook by the JCR-VIS Credit Rating Company Limited. We are present in all major cities of Pakistan, and are on track to expanding our branch network even further.
The Company is amongst the first, and the most active, in vitalising the retail Takaful market in Pakistan. For all intents and purposes, this is new ground for the national industry, and Pak-Qatar General Takaful Limited is committed to paving the way for all Shari'ah-compliant Takaful and conventional insurance companies in Pakistan.
Pak-Qatar General Takaful Limited's dedicated, competent and highly professional fund management team extracts full benefits from the heavy investment in technology. The Company is the recipient of several domestic and international awards and nominations, amongst which was the "Best Use of Technology" award by the Islamic Business & Finance Awards, UAE. Moreover, the Company has forged Re-Takaful relationships with leading international financial institutions. An ever-vigilant Shari'ah Advisory Board of renowned and erudite scholars steers the Group in a direction that suits a Shari'ah-compliant business entity, thereby ensuring commitment to very high professional and professional standards.

Copyright Business Recorder, 2014

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