Pak-Qatar Group (PQG) is Pakistan’s premier and pioneer Islamic financial services group
Offering a comprehensive range of Islamic financial solutions that adhere to the principles of Shariah-compliant finance. With a steadfast commitment to excellence and a strong emphasis on Islamic values, the group encompasses esteemed companies such as Pak-Qatar Investments Limited (PQIL), Pak-Qatar Family Takaful Limited (PQFTL), Pak-Qatar Asset Management Company Limited (PQAMC), and Pak-Qatar General Takaful Limited (PQGTL).
With an unwavering commitment to excellence, integrity, and customer satisfaction, Pak-Qatar Group (PQG) has established a remarkable track record in Pakistan’s Islamic financial industry. By combining cutting-edge financial solutions with the guiding principles of Islamic finance, the group continues to set new industry benchmarks. As a trusted partner, Pak-Qatar Group (PQG) empowers individuals and organizations to navigate the financial landscape with confidence and integrity, fostering their prosperity and financial well-being.
“Providing financial protection through Takaful, to everyone”
Life is full of uncertainties, but protecting your family shouldn’t be. As Pakistan’s pioneer in Family Takaful, Pak-Qatar Family Takaful Limited (PQFTL) has an Insurer Financial Strength rating of “A++” by Pakistan Credit Rating Agency (PACRA) and VIS with a stable outlook and a Pension Fund manager rating of “AM2” with stable outlook by Pakistan Credit Rating Agency (PACRA), offers an unmatchable, comprehensive suite including individual and corporate Takaful and investment solutions like Mahana Bachat & Takaful Flexi Plan, Priority Takaful, Education Takaful & Voluntary Pension Scheme with Annuity Plan that protect what matters most—your loved ones and your future. From securing your family’s future to safeguarding businesses, PQFTL ensures you are prepared for the unexpected—today and tomorrow.
Pak Qatar Family Takaful (PQFTL) embody the essence of solidarity and shared responsibility, delivering comprehensive Takaful (Islamic insurance) coverage that adheres to the principles of cooperation and mutual support. Through innovative and Shariah compliant solutions, Pak Qatar Family Takaful (PQFTL) provide individuals, families, and businesses with reliable protection against unforeseen risks, ensuring peace of mind.
QIIC has grown rapidly to become a leading Takaful insurance company in the world. Combining adherence to the principles of Islamic Shariah with innovatory and dynamic management, QIIC has continually upgraded its operations, and now lead the field in introducing new products and services to its customers. Over the years, QIIB has achieved outstanding levels of growth, with unprecedented gains across all classes of its business despite increased local & regional competition. This success reflects the Company’s strong financial position and its ability to adapt to changes in the business environment.
QIIC is the first insurance company in Qatar to offer insurance products and services on-line, and it has maintained an impressive track-record of innovation in products, services and systems.
To learn more, please visit www.qiic.com.qa
Founded in 2016, Pak-Qatar Investment (Private) Limited (PQIL) is at the forefront of Islamic financial management, with a vision to be the leading investment and advisory firm committed to the promotion of equitable opportunities for all our stakeholders. It excels in providing independent project feasibilities & assessments and exclusive investment recommendations to its valued clientele and is at the heart of Pak-Qatar Group operations.
Pak-Qatar Investments’ mission is to set a new standard in Islamic investments delivered by a team of seasoned financial experts possessing a deep understanding of the financial landscape. These experts guide individuals and organizations toward prudent investment decisions that align with their unique goals, in line with Islamic Finance principles. PQIL’s strategies are crafted with a focus on thorough research, market analysis , and prudent risk management practices to find the hidden value in opportunities and make sure our clients get the most out of their investments. We actively search for chances that give our partners the best option to capitalize on their investments.
Qatar International Islamic Bank (QIIB) is a privately owned Islamic bank in the State of Qatar offering personal and corporate Islamic banking solutions. Established in 1991, QIIB remains true to its Qatari heritage and values. QIIB was built on three pillars: trust, family and commitment. The forward thinking approach to Islamic banking enables QIIB to contribute to the increasingly in demand market with products that are Shariah compliant and meet the expectations of the customers.
QIIB team continues to deliver market leading innovative banking solutions developed with our customers’ needs in mind. Regulated by the Qatar Central Bank and highly rated for financial strength and outlook by international rating agencies, QIIB continues to deliver the best Shariah compliant deposit, finance and insurance products for its customers.
To learn more, please visit www.qiib.com.qa
A distinguished member of the Royal Family of Qatar, His Excellency Sheikh Ali Bin Abdullah Thani Jassim Al-Thani, has been a steadfast supporter of Pakistan’s progress and development. He has championed initiatives to attract foreign investment, foster workforce opportunities, and uplift communities, especially in education and healthcare.
Since 2007, Sheikh Ali has served as the visionary Chairman of Pak-Qatar Family Takaful and General Takaful, steering the Group’s mission to redefine Islamic financial services with excellence and purpose.
A prominent Pakistani entrepreneur in Qatar, Mr. Said Gul, is the driving force behind transformative initiatives that bridge the business communities of Pakistan and Qatar. As the Executive Director of Eurotec Projects Development for Oil & Gas, he has cultivated innovative solutions in international trade and consultancy.
As a founding director and key sponsor of the Pak-Qatar Group, Mr. Gul has been instrumental in shaping its modern success. His leadership has cemented the Group’s reputation as a pioneer in Islamic finance since its inception in 2007.
As the CEO of Qatar International Islamic Bank, Mr. Abdul Basit Ahmad Al-Shaibei has played a pivotal role in advancing Islamic banking on a global scale. He also serves as a Board Member of the Islamic Financial Securities Company, Doha, reflecting his deep expertise in Shariah-compliant financial solutions.
Since 2007, Mr. Al-Shaibei has been an invaluable member of the Board of Pak-Qatar Family Takaful and General Takaful, bringing strategic insights to the Group’s leadership
A seasoned leader in Islamic finance, Mr. Ali Ibrahim Al Abdul Ghani is the CEO of Qatar Islamic Insurance Company. His career spans key roles in Qatar’s Ministry of Labor and Social Affairs as Head of Finance & Administration and the Qatar Armed Forces as Head of Procurement.
He contributes his vast expertise as a Board Member of Pak-Qatar Family Takaful and General Takaful, guiding its vision of halal financial investment and protection.
With over 30 years of international banking experience, Mr. Zahid Hussain Awan has held leadership roles in the GCC, including at Qatar International Islamic Bank. His expertise spans treasury, product development, and banking innovation.
Since 2007, Mr. Awan has been a cornerstone of the Board of Pak-Qatar Asset Management, Pak-Qatar Family Takaful, and General Takaful, contributing his strategic acumen to the Group’s sustained success
A seasoned professional with expertise as a Fellow Chartered Accountant, Fellow Cost Accountant, and Advocate (LLM), Mr. Muhammad Kamran Saleem has played a transformative role in corporate governance, long-term planning, and shaping the strategic direction of the Pak-Qatar Group over two decades.
As a member on the Boards of Pak-Qatar Asset Management, Pak-Qatar Family Takaful, and General Takaful, he has been a key architect in strengthening the group’s leadership and leads as the CEO of Pak-Qatar Investments (Group’s Holding Company), providing invaluable guidance to drive innovation and sustainable growth. He is also a Director at Pak Elektron Limited and Crescent Steel & Allied Products Limited, where he lends his expertise to enhance excellence and governance
Mr. Farrukh Viqaruddin Junaidy has a distinguished career spanning over three decades, including leadership roles at KPMG Pakistan and serving on the Boards of the Karachi Stock Exchange and National Clearing Company.
As a Fellow Member of ICAP, his expertise enriches the Board of Pak-Qatar Family Takaful and General Takaful, where he continues to contribute to the Group’s robust governance and strategic direction.
With a decade of diverse managerial experience, Mrs. Sameera Usman has brought excellence to every role she has undertaken. Her career spans local and international organizations, where she has excelled in driving impactful strategies.
She currently serves as the Board Member of Pak-Qatar Asset Management, Pak-Qatar Family Takaful and General Takaful, contributing her dynamic leadership to the Group’s continued progress.
Muhammad Owais Ansari is the Deputy Chairman of FWU AG based in Munich, Germany and is an expert on Takaful Product Development, particularly in BancaTakaful. He is a Fellow of the Society of Actuaries (FSA) and has significant experience of working for Takaful and conventional insurers in the Middle East & UK.
Prior to joining FWU, Mr. Ansari worked as a Senior Consultant with PwC, UK. He was primarily involved in a variety of consulting projects including Solvency II, M&A, Pension Buyout and Actuarial audits.
Mr. Waqas Ahmad has a distinguished career marked with significant achievements in the Takaful and insurance industry, spanning over three decades. His expertise spans across various areas, including Operations, Technology, Strategy, and Business planning. Throughout his career, he has demonstrated a strong track record of success in Life Insurance/Takaful underwriting, servicing, product development, re-Takaful arrangements, digital transformation, and establishing new Takaful ventures.
Mr. Waqas Ahmad has held various roles, including Chief Operating Officer (COO) at PQFTL, where he honed a deep understanding of the company’s operations and values. He also served as Executive Director at Salaam Takaful, where he spearheaded the launch of a Takaful Company. Additionally, he was a founder member of the Operations Team at Al Rajhi Takaful Saudi Arabia, where he successfully established and launched Life Takaful operations.
He is a certified Director from ICAP, holds a Post-Graduate Diploma in Islamic Finance (PGD), an MBA in Marketing, and is a Fellow of the Life Management Institute (FLMI) and an Associate of Customer Services (ACS) – Insurance.
Mr. Shoaib has over a decade of versatile and rigorous experience in the financial, manufacturing, and service industry of Pakistan at senior level positions in various departments such as Assurance, Advisory, Taxation and Internal Audit. Mr. Shoaib is a Chartered Accountant by profession from ICAP and has completed several professional certifications such as CFC, CPFA and ISO 9001-2015 QMS Lead Auditor. He currently serves as a Committee Member of Professional Accountants in Business Committee (PAIB) of ICAP. In addition, he is also serving as Representative of Institute of Internal Auditors (IIA) Pakistan Chapter.
Mr. Muhammad Ahsan Qureshi is currently working as Chief Financial Officer. He has over two decades of hands-on experience in Financial Reporting, Insurance Accounting and Treasury Operations. He has previously worked with renowned insurance companies in Pakistan on key positions.
Mr. Ahsan has to his credit numerous trainings both in Pakistan and abroad that includes seminar on Risk Management at Oriental Life Insurance Cultural and Development Center – Japan, Pentasoft Business Software Development – Malaysia, PGD in Takaful by Center of Islamic Economics, Financial & Risk Management course by Pakistan Institute of Management, and SAP ERP power user certification, to name a few. Mr. Ahsan has taught Accounting and Management courses at prestigious universities and colleges in Karachi. He has an M.Com, MBA as well as a Master’s Degree in Islamic Banking & Finance.
Mr. Nasir Ali Soomro is associated with the company since 2007. He is a seasoned Accounting & Taxation professional, and is currently serving as Chief Accountant and Group Head of Taxation. Mr. Nasir possesses 25+ years of experience in the areas of Accounting, Treasury, Financial Reporting, Costing and Taxation, and previously has served at prestigious national companies before joining Pak-Qatar Takaful. He regularly conducts workshops and awareness sessions on taxation.
By professional training Mr. Nasir is a Chartered Accountant, and a fellow member of the Institute of Chartered Accountants of Pakistan. He also has a Post Graduate Diploma in Islamic Finance.
Mr. Haq Nawaz is a seasoned professional and a diligent performer who has risen to the position of Head of Country Sales at Pak-Qatar Family Takaful Limited in February 2021. He has over 20 years of experience in Sales & Marketing in Pakistan. He has been in the the Insurance/Takaful industry for more than two decades and has worked at many senior level positions. Mr. Haq Nawaz is an MBA from Gomal University besides BS in Computer Science from Hamdard University.
His long list of commendable achievements is based on his innovative approach and dynamic execution of modern managerial techniques. At Pak-Qatar Takaful Group, Mr. Haq Nawaz has shown special expertise in developing highly motivated teams, comprising of well-trained professionals who are intellectually superior and morally upright. He has successfully handled multi-dimensional assignments, while heading large operational teams across Pakistan.
Mr. Zeeshan Haider is a seasoned professional with rich and broad-based experience of over two decades in the banking and insurance industry in key business areas encompassing Sales, product development, operations, training, and strategy. Before joining Pak-Qatar, he spearheaded businesses for prestigious organizations, serving as the Head of Bancatakaful Askari Bank, Business Head of Bank Alfalah, Head of Bancassurance & Head of Distribution Services in Adamjee Life, Head of Bancassurance in Askari Life and Regional Head -South in EFU Life. He has pursued his Master’s from the University of South Asia, PGD in Islamic Banking and Finance from CIBE, and Strategic Management & Leadership from Westminster Business School London
Mr. Murtaza Soomro has more than two decades of diversified experience spanning several business segments of Takaful/Insurance Industry, mainly IL Family and Bancassurance business channels.
He is currently Heading Agency Administration, Member Support Services, and Branch Operations – The Business Channels of Individual Life, Pak-Qatar. He has vast exposure and competencies in setting new initiatives for business growth, strategy formulation, business planning & budgeting, creating business models, sales performance management, branch operations, customer services, competitive analysis, and optimization of digital tools and process improvement. Prior to joining Pak-Qatar Takaful Group, he was associated with Jubilee Life Insurance and performed a key role in business management, quality assurance, product development, and automation. He holds MPA (Human Resource Management) along with multiple business professional certifications.
Mufti Muhammad Shakir Siddiqui is currently working as Head of Shariah Compliance at Pak-Qatar Family Takaful. He supervises Shariah Trainings, Shariah Compliance & Audits. Mufti Shakir developed & implemented Shariah Compliance, Audit Manuals and Guidelines for the company. He completed Takahassus Fil Ifta from Jamia Darul Uloom, Karachi and currently serves as a visiting faculty member at leading universities & educational institutes in Karachi including IBA-CEIF. His specialization include: Islamic Finance, Islamic Jurisprudence, Takaful, Islamic Risk Management, Islamic Tarbiya, Shariah Audit & Compliance, Waqf Management and Islami Tariqa-e-Tijarat.
Mufti Shakir is also a member and Shariah Consultant of Standing Committee on ‘Takaful & Window Takaful’ at the FPCCI (The Federation of Pakistan Chamber of Commerce and Industry). He has also conducted workshops on Takaful and Islamic Banking at Corporate level including multinationals.
Mr. Muhammad Shahzad is a seasoned Takaful professional with over two decades of versatile experience within the Insurance industry of Pakistan. He is currently working as Head of Members Onboarding Department, and has in depth theoretical knowledge and technical expertise in Life Underwriting, Agency Operations, Customer Service and Branch Operations besides having exquisite management skills in Work Planning and Team Management.
Mr. Shahzad, to his credit, has had numerous trainings in Pakistan and abroad, catering to both, technical as well as soft-skill subjects. He is also a Certified Underwriter from Life Office Management Association (LOMA), USA. Apart from training, he has done MBA and has teaching experience of business studies.
Mr. Junaid has over 15 years of rich experience in Takaful/Insurance industry and is currently working as Head of Group Operations. He has in depth theoretical knowledge and technical expertise in Life and Health Underwriting, Claims management, reinsurance operations and customer services.
He is a graduate from IBA, Karachi in marketing discipline and holds a Postgraduate Diploma in Islamic Banking & Finance as well as other insurance related certifications. He is also a Fellow of Life Management Institute (FLMI), Associate of Reinsurance Administration (ARA) and Associate of Customer Services (ACS), all from Life Office Management Association (LOMA), USA.
Mr. Kamran Ali Khan has over two decades of progressive experience in Learning & Development, Customer Care & Retention, Sales & Distribution, Quality Assurance, Planning, Automation, and Cost Optimization in Pakistan’s service industry. His last assignment was with K-Electric, where he served as Head of Training and Service Quality. Prior to this, he has worked with Wi-Tribe as Regional Head – Training & Development. Before joining Wi-Tribe, he served at Mobilink as Specialist-Quality Assurance, Standardization & Training – South Region. In addition, he has also served as a visiting faculty member at the Institute of Business and Technology (IBT).
Mr. Saifuddin Shaikh has been Heading the department of Administration & Procurement of Pak-Qatar Takaful since January 2007. During his long association with Pak-Qatar, he also remained as the Head of Information Technology & Systems for 3 years (Oct. 2012 – July 2015). He has over two decades of diversified experience in the areas of Administration, Procurement, Information Technology Support, Human Resource Management and Education / Training. He is a Law Graduate and holds a Postgraduate Diploma in Islamic Banking & Finance as well as an Associate Engineering Diploma in Electronics Technology.
Mr. Bilal Rashid has over two decades of diverse experience in Marketing & Corporate Communications with various organizations such as IGI Life, Telenor, GEO TV, Lakson Tobacco, etc. He is a thorough marketing professional with a demonstrated history of project delivery. He possesses strong competencies in corporate communications, conventional & digital marketing, business planning, brand activation, advertising, and market analysis. Mr. Bilal has an MBA Degree in Marketing along with multiple related certifications.
Mr.Obaid Hussain Qureshi has over over two decades of diverse experience in Legal & Compliance with various organizations such as K-Electric, Standard Chartered District & Session Court Karachi, etc. He possesses strong competencies in Legal drafting, Compliance, Accounting management, Paralegal Work, Litigation (Civil, Criminal, and Family), Risk management, Arbitration, Commercial Banking, Best Sales & Services, Anti-Money Laundering. Mr. Obaid has done Bachelor of Laws – LLB from the University of Karachi along with multiple related certifications.
Munich Re
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivaled risk-related expertise and its sound financial position. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyber-attacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
Pak-Qatar Family Takaful Limited has an alliance with Munich Re for its Retakaful arrangements for Individual Takaful Plans.
Hannover ReTakaful B.S.C
Hannover Retakaful B.S.C. (c) (HRT) is a fully owned subsidiary of the Hannover Re Group. The Group established HRT in 2006 to cater to growing Islamic business, thereby becoming the first major international reinsurance group to devote itself to this emerging market. In 2013, the company set up offices in Labuan, Malaysia to serve the need of the Malaysian takaful market.
HRT was set up with an authorised capital of USD 135 million and fully paid up capital of USD 54 million, formally registered on 3 October, 2006 in Bahrain. The company is licensed by the Central Bank of Bahrain to provide retakaful services. It operates internationally offering family, property and casualty retakaful services.
