Pak-Qatar Family Takaful Limited (PQFTL), the first and largest dedicated Family Takaful Company in Islamic Finance industry. PQFTL is a progressive and a technology-driven Shari'ah Compliant company providing innovative Takaful solutions in Pakistan 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 Taqi Usmani certifies all products and operations for Shari'ah compliance. The company is rated "A" (having Positive Outlook) by JCR-VIS Credit Rating Co Limited and Pakistan Credit Rating Agency (PACRA).
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), Qatar International Islamic Bank (QIIB), Masraf Al Ryan with a combined asset base of more than US$37 billion and equity over US$5 billion. 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 60 branches in 41 cities). With more than 550,000 covered members and over 1100 corporate clients, the company believes in technological advancement and has presence on all digital mediums thus enabling the customers to keep in touch 24/7 via modern web portals and mobile applications.
Pak-Qatar Family Takaful Limited is recipient of several domestic and international awards and nominations including 'Best Takaful Operator in Pakistan' award at the 10th International Takaful Summit London 2016, 'Best Takaful Company in Pakistan' for the year 2015 at 'Islamic Banking Awards' ceremony and won IFN Service Provider awards under category 'Best Takaful Provider' for the year 2016.