Pak Qatar Family Takaful Limited, Karachi, Pakistan

Industry: Information Technology and Services
Business Entity: Private Limited Company (Pvt. Ltd.)
Location: Karachi, Sindh, Pakistan
Established In: Aug 2013
No. of Employees: 110
  • About Pak Qatar Family Takaful Limited

    Pak Qatar Family Takaful is a premier Takaful Provider in Pakistan. Established since 2007 Pak Qatar Family Takfaful is providing Takaful Solutions (An Alternate to conventional Insurance) in the Areas of Group corporate and Individual plans for consumers. With a strong financial standing it has a A + Credit Ratings from JCR VIS. Our Group Company Pak Qatar General Takaful is also providing General Takaful solutions in the Pakistani Market. Sharia Board is headed by Mufti Taqi Usmani Saheb. 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 Taqi Usmani certifies all products and operations for Shari’ah compliance. The company is rated A (having Stable 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 such as Qatar Islamic Insurance Company (QIIC), Qatar International Islamic Bank (QIIB), Qatar Islamic Bank (QIB), Qatar National Bank (QNB), Masraf Al-Rayan and Munich-based FWU AG. 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. 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.
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