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) is Pakistan’s first and the only dedicated Takaful company backed with an “AA” rating (by 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. Muhammad Shoaib Akhter is a Chartered Accountant with more than 18 years of experience in local and multinational organizations, including Ernst & Young (EY), Price waterhouse Coopers( PwC), Pak-Qatar Group (Islamic Financial Services), Hino, and Inbox. He has worked in various functions, e.g., Assurance & Advisory (EY), Taxation (PwC), Internal Audit (Inbox, Hino, Pak Qatar), Corporate Governance, Risk, Operations, & Strategy (Pak Qatar).
Alongside CA, he is a recipient of a Gold Medal in Executive MBA from the IBA (2023). He is also a Certified Director (PICG), Certified Fraud Examiner, and ISO Lead Auditor.
During his career, Shoaib worked in diverse industries (Takaful, AMC, Construction, Automotive, IT, Sugar, Pharma, Logistics, Shipping, Financial Services, etc) in Pakistan, UAE & KSA.
He is currently serving as the Chief Strategy Officer at Pak Qatar Group, and overseeing Strategic Management, Business Analysis, Digital Transformation, and Performance Management.
Mr. Muhammad Ahsan Qureshi is serving Pak-Qatar Family Takaful Limited. With nearly 27 years of hands-on experience in financial reporting, insurance accounting, and treasury management, he drives strategic planning, budgeting, forecasting, and investment decisions while ensuring robust liquidity management and adherence to regulatory standards. Under his stewardship, PQFTL has successfully implemented core finance systems including Pentasoft, SAP, Oracle, and introduced industry specific accounting formats and cost allocation policies for Family Takaful. Mr. Qureshi also plays a key role in board level reporting and regulatory liaison with stakeholders such as SECP and SBP, contributing to the company’s strong governance framework.
Holding a Master’s in Islamic Banking & Finance alongside Master’s in Commerce, Mr. Qureshi complements his academic credentials with international training in risk management (Japan), Takaful principles, and ERP systems, including SAP power user certification. His analytical mindset and team focused leadership have resulted in streamlined finance procedures and performance measurement systems. Additionally, he has contributed to academia by teaching accounting and management courses in Karachi’s universities and colleges.
Mr. Nasir Ali Soomro brings over 25 years of experience in accounting, taxation, financial reporting, and treasury management. He has been with Pak-Qatar Family Takaful since 2007 and currently serves as Chief Accountant and Group Head of Taxation. His expertise and leadership continue to be a valuable asset to the growth and financial integrity of the Pak-Qatar Group.
A Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP), Mr. Soomro also holds a Post Graduate Diploma in Islamic Finance & Takaful from the Centre for Islamic Economics. He earned his Bachelor of Commerce from Karachi University.
In addition to his leadership role, he actively conducts workshops on taxation, corporate and secretarial compliance, contributing to industry development and professional education.
Mufti Muhammad Shakir Siddiqui oversees Shariah trainings, compliance, and audits. Since joining the organization in 2009, he has been instrumental in developing and implementing comprehensive Shariah compliance and audit manuals, ensuring adherence to Islamic principles across all operations. Mufti Muhammad Shakir Siddiqui holds the esteemed Takhassus Fe Aliftah and Almiyah, Fiqh (Islamic Jurisprudence) from Jamia Darul Uloom, Karachi, and has completed an M.A. in Arabic as well as an M.Phil. leading to a Ph.D. in Islamic Learning from the University of Karachi. His areas of specialization include Islamic Finance, Islamic Jurisprudence, Takaful, Islamic Risk Management, Shariah Audit & Compliance, Waqf Management, and Islamic Business Ethics.
In addition to his role at Pak-Qatar, Mufti Siddiqui has served as a respected Shariah advisor and consultant, the Standing Committee on Takaful & Window Takaful at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Also, he serves as the Shariah Advisor in various reputable institutions. He is also a visiting faculty member at several leading institutions in Karachi, including the Institute of Business Administration’s Centre for Excellence in Islamic Finance (IBA-CEIF), where he imparts knowledge on Islamic finance and Takaful. His commitment to promoting ethical financial practices and his extensive experience make him a pivotal figure in the Islamic finance sector.
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 25 years of experience in Sales & Marketing in Pakistan. He has been in the Insurance/Takaful industry for almost two decades and has worked at many senior managerial level positions.
His long list of commendable achievements is based on his innovative approach and dynamic execution of modern managerial techniques. At Pak-Qatar, 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.
He holds a Post-Graduate Diploma in Islamic Finance (PGD), MBA in Finance, and holds Sales Force Management & Building High Performance Teams Certificates from LUMS.
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
Junaid Asghar is the Head of Group Operations at Pak-Qatar Family Takaful, where he leads core operational & claims functions for PQFTL with a focus on efficiency, compliance, and service excellence. With nearly two decades of experience in the insurance and Takaful industry, he has previously held key roles at renowned organizations. His deep understanding of operational frameworks and customer-centric strategies has helped shape streamlined processes and drive business growth within the Islamic financial services sector.
He holds a Marketing degree from IBA, Karachi, and a Postgraduate Diploma in Islamic Banking & Finance. Mr. Junaid is also a certified Fellow of the Life Management Institute (FLMI), and an Associate in Reinsurance Administration (ARA) and Customer Service (ACS) from LOMA, USA.
His leadership continues to enhance operational efficiency and customer-focused service across the organization.
Mr. Murtaza Soomro is a senior executive with over 20 years of impactful leadership experience in the Takaful and insurance sector. His core expertise lies in steering business operations, driving digital transformation, and ensuring performance excellence across large-scale functions.
At Pak-Qatar Family, he currently heads the Business Operation Services and Branch Operations, where he drives strategic initiatives, business planning, sales business review management, operational excellence and service excellence across the organization. He ensures alignment of sales structures and branch productivity with corporate goals through continuous monitoring, budgetary control, and performance analytics.
Previously with Jubilee Life Insurance, he played a key role in business management, automation, and product development. Mr. Soomro holds an MPA in Human Resource Management and multiple professional certifications. His leadership is characterized by data-driven decision-making, cross-functional collaboration, and a commitment to continuous improvement and sustainable growth.
Mr. Muhammad Shahzad is an experienced professional with over two decades of experience in Pakistan’s insurance and Takaful industry. As Head of the Members Onboarding Department, he brings specialized expertise in Life Underwriting, Agency Operations, Customer Service, and Branch Management, and system development to optimize processes, along with strong leadership in planning and team coordination.
He holds an MBA and is a Certified Underwriter from the Life Office Management Association (LOMA). Mr. Shahzad has completed numerous technical and soft skills trainings both locally and internationally, and also has teaching experience in business studies, reflecting his commitment to professional development.
Mr. Kamran Ali Khan is a seasoned HR and business leader with over 24 years of diversified experience spanning Human Resources, Learning & Development, Customer Experience, Sales, and Quality Assurance. As the Head of HR & Training at Pak-Qatar Family Takaful, he leads the HR and Training functions with a strategic focus. Under his leadership, the organization continues to strengthen its people-centric culture while embracing digital transformation and sustainable growth. Throughout his career, Mr. Khan has been recognized for his ability to align people strategies with business objectives, build high-performing teams, and drive large-scale transformation initiatives. His leadership has been instrumental in enhancing organizational capability and fostering a culture of continuous learning and innovation.
Prior to joining Pak-Qatar, he held senior business roles at prominent organizations including K-Electric, wi-tribe, and Mobilink, where he played a pivotal role in shaping human capital strategies and elevating customer-centric practices.
Mr. Khan holds an MBA along with a Postgraduation in Human Resource Management. He is also a Certified Licensed Practitioner of Neuro-Linguistic Programming (NLP), a Certified Life Coach, Certified Trainer, Certified Six Sigma Green Belt, Certified HCM Analyst, and Certified E-Learning Designer. These credentials reflect his commitment to personal and professional excellence.
Known for his visionary leadership, Mr. Kamran Ali Khan continues to champion initiatives that empower people, enhance organizational capability, and position HR as a strategic enabler of business success.
Mr. Saifuddin Shaikh has been leading the Administration & Procurement function at Pak-Qatar Group since its inception in 2007. As the company’s first employee and a founding member, he played a vital role in establishing the Head Office and branch network across Pakistan. His responsibilities span general administration, procurement, project office oversight, and support operations for all entities of Pak-Qatar Group.
With over three decades of professional experience, Mr. Saifuddin Shaikh brings expertise in administration, IT support, and HR management. He previously headed the Information Technology & Systems department and has held leadership roles in the tech and services sectors. He is a Law Graduate from University of Karachi, a postgraduate diploma in Islamic Banking & Finance, and 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.
With over two decades of experience in IT leadership, Mr. Kashan Rafique Ahmed currently serves as Head of Information Technology & Systems at Pak-Qatar Group. He has played a pivotal role in driving technology transformation across the insurance, Takaful, and software development sectors. His expertise spans core system implementations, enterprise cybersecurity frameworks, and cloud-based solutions—delivering measurable value, improved efficiency, and operational excellence. Under his leadership, the organization has successfully executed digital strategies including SAP integration, advanced analytics, and mobile/web portals.
Beginning his career in software development with a strong foundation in Oracle technologies, Mr. Kashan Rafique Ahmed held key technical and leadership roles at Pak-Kuwait Takaful, FOURGEN Information System, OrbitSoft and I-Soft Pvt Ltd. His deep domain knowledge in General, Family, and Health Takaful, combined with hands-on experience in regulatory compliance, AML systems, and partner integrations, positions him as a strategic IT leader. He holds multiple Oracle certifications, including Cloud Infrastructure and Enterprise Analytics, and applies industry best practices such as Agile and ITIL to lead high-impact initiatives.
Muhammad Saleem is a distinguished Chartered Insurer with over two decades of experience in the Takaful and insurance sectors across Pakistan and the UAE. His leadership is characterized by a collaborative approach, problem-solving acumen, and a steadfast commitment to ethical finance principles.
Prior to his current role, Mr. Saleem held senior leadership positions at Dubai Islamic Insurance and Re-insurance Company (AMAN), Salaam Takaful Limited, and Pak-Qatar Family Takaful, where he led efforts in operational excellence, claims management, and customer service modernization. He holds a Master’s degree in Commerce and Insurance from the University of Karachi, is an Associate of the Chartered Insurance Institute (ACII), UK, and a Fellow of the Life Management Institute (FLMI), USA. His extensive expertise and dedication to innovation continue to drive advancements in customer experience within the Takaful and insurance industries.
Muhammad Farhan Hasan oversees operations that elevate customer satisfaction and create enduring value. With over a decade of industry expertise, he specializes in translating insights into agile, human-centered solutions; ensuring every interaction fosters trust and loyalty.
In his prior role as Manager – Branch Operations & Agency Administration, Farhan shaped nationwide frameworks that harmonized service delivery and strengthened operational resilience, creating a cohesive experience for clients across the branch network.
Farhan earned his MBA from the Institute of Business Management (IoBM) and remains an engaged industry professional. He serves on the IAP’s Life Insurance Policy Locator Committee and the company’s Claims & Grievance Handling Committee, where he champions fairness, transparency, and ethical service standards.
Notably, Farhan was one of the pioneers who established the Service Quality & Excellence Department in the Pakistani insurance sector—solidifying a lasting standard of organizational excellence and client care.
Mr. Danish Raza is the Head of Internal Audit at Pak-Qatar Family Takaful Limited, bringing over 13 years of extensive experience in Internal Audit. Prior to joining Pak-Qatar, he served as Senior Manager Internal Audit at Mega & Forbes Group of Companies, where he played a key role in strengthening governance frameworks and ensuring regulatory compliance. He also held a senior audit position at Grant Thornton, where he led multiple assurance and advisory engagements for clients across various industries.
Mr. Raza is an ACCA-qualified professional with a strong command of internal control systems and financial reporting standards. In addition, he holds a Certification in Shariah Compliance & Audit of Islamic Financial Institutions from IBA-CEJ, equipping him with a deep understanding of Shariah-based audit practices. His combined expertise in conventional and Islamic auditing principles enables him to uphold the highest standards of accountability and transparency in his current role.
Mr. Muhammad Asad Ali leads the design, pricing, and risk assessment of Shariah‑compliant Takaful products. With nearly a decade of dedicated experience in the pure Takaful sector, Mr. Asad Ali brings deep expertise in actuarial modeling, regulatory compliance, and data‑driven strategies that support long‑term business sustainability.
His career in Family Takaful includes impactful roles at Dawood Family Takaful Limited, 5th Pillar Family Takaful Limited, and other financial institutions, where at each organization he contributed significantly to product innovation and risk management.
Mr. Ali holds a Bachelor’s degree in Actuarial Science and Risk Management, providing a solid foundation in statistical analysis, financial modeling, and risk evaluation. His specialization lies in aligning actuarial strategies with Islamic finance principles; advancing the company’s vision of creating ethical, customer‑centric protection solutions. Through his leadership and analytical acumen, he continues to enhance the actuarial function at Pak‑Qatar, strengthening its role in the Takaful industry.
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.
