Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
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Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading and pioneer provider of Family Takaful solutions in Pakistan and part of Pak-Qatar Group, has been assigned the Asset Manager rating of AM2 as Pension Fund Manager with stable outlook by The Pakistan Credit Rating Agency Limited (PACRA). This prestigious rating reflects PQFTL’s strong market position, financial stability, and commitment to innovation in Islamic financial services.
PQFTL has consistently maintained its market share in the Takaful sector, leveraging its substantial investment portfolio and stable income streams. The company’s financial strength is further evidenced by its Insurer Financial Strength (IFS) rating of A++ with stable outlook from PACRA. In a pioneering move, PQFTL has expanded its services by acquiring a Pension Fund Manager license from SECP, launching the Pak-Qatar Islamic Pension Fund (PQIPF) in December 2022.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial services group, is pleased to announce a unique instant withdrawal facility for its Mahana Bachat customers. This innovative service allows participants to withdraw partial funds in case of emergencies in a matter of minutes with ease and instant access through PQFTL’s mobile app, ‘Pak-Qatar Financial Solutions’ (PQFS) or its online portal.
This is the first time that a Takaful operator in Pakistan has offered such a facility, reinforcing PQFTL’s position as a pioneer in the industry. This integration will enable participants to easily draw their funds, enhancing convenience and accessibility for the users.
Karachi, Pakistan – Pak-Qatar Group (PQG), Pakistan’s premier and pioneering Islamic financial services group, proudly announces its recent accreditation by the Institute of Chartered Accountants of Pakistan (ICAP) as an Approved Training Organization Outside Practice (TOoP). This prestigious recognition marks a significant milestone in PQG’s ongoing commitment to nurturing and developing Chartered Accountancy professionals.
The official accreditation ceremony was graced by senior officials from both organizations, including Mr. Farrukh V. Junaidy and Mr. Muhammad Kamran Saleem, Board Members of Pak-Qatar Group, and Mr. Farrukh Rehman, President of ICAP. The event underscored the importance of this partnership in advancing the accounting profession within Pakistan.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions (Investment and Protections) and part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial services group, was declared as the “Leading Takaful Company” at the Elevate 2024 Award ceremony organized by the CxO global forum.
This prestigious award acknowledges PQFTL’s dedication to delivering an exceptional customer and product experience through its digitally enabled and technology-driven solutions. The award reflects the company’s continuous efforts to enhance customer experience and streamline service delivery.
Karachi, Pakistan: Pak-Qatar Family Takaful Limited (PQFTL) has launched a one-of-a-kind Shariah-compliant investment plan by the name of Mahana Bachat & Takaful Flexi Plan (MBTP).
MBTP offers members 100% Shariah-compliant returns with a minimum contribution amount of PKR 50,000. Participants can further increase their returns through regular top-up contributions as low as PKR 1,000 per month. The plan allows for easy online withdrawals, both partial and permanent. Participants may also withdraw profit in the form of an additional steady monthly income. The benefit that stands out among all other benefits is that it includes complimentary Takaful coverage of up to PKR 30 million or 6-multiple of the last 3 months’ average cash value, whichever is lower.
Pak-Qatar Family Takaful Limited (PQFTL or the Company), leading provider of Shariah-compliant family Takaful solutions in Pakistan has announced its financial results for the year ended December 31, 2023. PQFTL is part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial conglomerate. PQFTL is rated ‘A++’ (having a Stable Outlook) by VIS Credit Rating Company Limited and Pakistan Credit Rating Agency (PACRA).
The Board meeting, presided over by Sheikh Ali bin Abdullah bin Thani al-Thani, the Chairman of Pak-Qatar Group, discussed the financial results of the company for 2023 and its future plans for 2024, in the meeting held in Doha, Qatar. It was attended by the Directors – M/s. Said Gul, Abdul Basit Ahmad al-Shaibei, Ali Ibrahim Al Abdul Ghani, Zahid Hussain Awan and Muhammad Kamran Saleem.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Congratulations to the Winners of our Loyalty Reward Program 2022. Live Balloting was held on Thursday, May 18, 2023 at Pak-Qatar Family Takaful Head Office. You can watch the recording through this link: https://fb.watch/kH9IHvXfdm/
The ceremony was held in the presence of Senior Management of PQFTL including Mr. Azeem Iqbal Pirani – CEO, Mr. Ahsan Qureshi – CFO, Mr. Tariq Chaudhry – Country Head Corporate Sales, Mr. Khurram Haider – Regional Head – IL, Mr. Saifuddin Sheikh – Head of Admin & Procurement, Mr. Muhammad Shahzad – Head of NMAD and Mr. Murtaza Soomro – Head of Agency Administration.
Karachi, April 20, 2023: Pakistan premier and pioneer Islamic financial conglomerate, Pak -Qatar Group has announced its financial results for the year ended December 31, 2022, for its companies Pak-Qatar Family Takaful Limited (PQFTL) and Pak-Qatar General Takaful Limited (PQGTL).
The Board meetings, presided over by Sheikh Ali bin Abdullah bin Thani al-Thani, the Chairman of Pak-Qatar Takaful Group, discussed the financial results of the companies for the financial year 2022 and their future plans for the year 2023. It was attended by the Directors, including – Mr. Abdul Basit Ahmad al-Shaibei, Mr. Ali Ibrahim al Abdul Ghani, Mr. Said Gul, Mr. Muhammad Owais Ansari, Mr. Zahid Hussain Awan, Mr. Farrukh V. Junaidy and Mr. Muhammad Kamran Saleem.
The Insurance Association of Pakistan (IAP) has announced the results of its Elections for the Office Bearers and Executive Committee. Members from Pak-Qatar Group have been elected as members of the Executive Committee of IAP after the results were announced at the Annual General Meeting of the IAP held at the IAP House.
Pak-Qatar Family Takaful Limited (PQFTL) signed an agreement with Sehat Kahani, to introduce free OPD consultations and telemedicine solutions through digital platforms to their customers.
Mr. Azeem Iqbal Pirani (CEO, PQFTL), Dr. Sara Saeed Khurram (CEO, Sehat Kahani), Mr. Zeeshan Haider (Head of Alternate Distribution and Bancatakaful PQFTL) and Dr. Iffat Zafar (COO, Sehat Kahani) signed the agreement along with senior officials of both companies.
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) came into an MOU with Sehat Kahani, to promote Takaful products through the digital medium. Sehat Kahani and PQFTL aim to make Takaful products, affordable, and accessible for the major part of the population currently not being served.
Mr. Azeem Iqbal Pirani (CEO, PQFTL), Dr. Sara Saeed Khurram (CEO, Sehat Kahani), Mr. Zeeshan Haider (Head of Alternate distribution & Banca Takaful) and Dr. Iffat Zafar (COO, Sehat Kahani) signed the MOU along with senior officials of both companies.
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) came into an MOU with WAADA, to promote Takaful products through the digital medium. WAADA and PQFTL aim to make Takaful products, affordable, and accessible for the major part of the population currently not being served.
Mr. Azeem Iqbal Pirani (CEO, PQFTL), Mr. Ishaq Kothawala (CEO, WAADA) and Mr. Zeeshan Haider (Head of Alternate distribution & Banca Takaful), signed the MOU along with senior officials of both companies.
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) recently signed an agreement with Usman Memorial Hospital (UMH) in order to provide quality medical services. UMH is one of the best secondary care hospitals in Karachi, delivering quality healthcare at affordable rates in a comforting environment through trained and caring staff.
The ceremony took place at Pak-Qatar Takaful’s Head Office. On behalf of PQFTL, the MOU was signed by its CEO, Mr. Azeem Iqbal Pirani, and CEO Ms. Sahar Senan, representing Usman Memorial Hospital, in the presence of senior officials from both the organizations.
CEO of Pak Qatar Takaful Mr. Azeem I Pirani represented the company and attended the meeting at Head office of Federal Insurance Ombudsman with the President of Pakistan. During this meeting, Dr. Arif Alvi stressed the importance of strengthening the insurance sector, and its contributions to the GDP of the country, while also acknowledging the monetary relief which is valued at around Rs 2 billion by the FIO over the last 2 years.
The President also urged the participants to expand into the agricultural insurance as well, as it is a huge untapped area that needs to be catered.
Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, reviewed and approved the financial statements of both the Companies for the year ended December 31, 2021, during the Board meeting recently. Pak-Qatar Takaful is Pakistan’s Pioneer and largest Takaful Group operating for more than a decade with the largest Takaful branch network nationwide.
Pak-Qatar Takaful Group achieved an aggregate turnover of around PKR 11 Billion. The Group Shareholders Fund posted a net consolidated profit after tax of PKR 207.5 Million; while, Participant Takaful Fund generated the net consolidated surplus of PKR 54.8 Million for the year 2021.
VIS Credit Rating Company and PACRA has harmonized the Insurer Financial Strength rating of Pak-Qatar Family Takaful Limited (PQFTL) at ‘A++’ with Stable Outlook. The rating assigned signifies high capacity to meet policyholder obligations and contractual obligations reflected by the company’s adequate capitalization and liquidity profile. Business generated through the Bancatakaful channel has been the highest contributor to top-line. Pak-Qatar Family Takaful Limited is the pioneer and the dedicated Takaful Company operating for more than a decade offering financial protection to everyone with a history of robust profitability ratios.
Moreover, PQFTL has established an extensive nationwide branch network of over 160 branches in 125+ cities.
VIS Credit Rating Company and PACRA has harmonized the Insurer Financial Strength rating of Pak-Qatar Family Takaful Limited (PQFTL) at ‘A++’ with Stable Outlook. The rating assigned signifies high capacity to meet policyholder obligations and contractual obligations reflected by the company’s adequate capitalization and liquidity profile. Business generated through the Bancatakaful channel has been the highest contributor to top-line. Pak-Qatar Family Takaful Limited is the pioneer and the dedicated Takaful Company operating for more than a decade offering financial protection to everyone with a history of robust profitability ratios.
Moreover, PQFTL has established an extensive nationwide branch network of over 160 branches in 125+ cities.
Mr. Azeem I. Pirani, CEO Pak-Qatar Family Takaful moderates a session on, “Post COVID-19 Growth and Challenges of Non-Banking Financial Institutions.”
Karachi: The Professionals Network, a professional event management company operating in the fast evolving world of major national and international events, hosted an event titled, “Islamic Finance Expo and Conference (IFEC)” in Karachi. Pak-Qatar Family Takaful proudly participated at the event.
Mr. Said Gul (member, board of directors of Pak-Qatar Takaful group) inaugurated the Plastic Surgery camp recently by visiting the British plastic surgery team at the Cleft Hospital Pakistan.
Mr. Azeem I. Pirani, CEO Pak-Qatar Family Takaful moderates a session on, “Post COVID-19 Growth and Challenges of Non-Banking Financial Institutions.”
Karachi: The Professionals Network, a professional event management company operating in the fast evolving world of major national and international events, hosted an event titled, “Islamic Finance Expo and Conference (IFEC)” in Karachi. Pak-Qatar Family Takaful proudly participated at the event.
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) recently signed an agreement with Faysal Funds (Faysal Asset Management Limited) in order to cover lives of their investors of Voluntary Pension Schemes (VPS). Faysal Funds is an Investment Manager that delivers structured and customized professional investment solutions to its domestic and international clientele.
The ceremony took place at Pak-Qatar Takaful’s Head Office. The MoU was signed by Mr. Azeem Iqbal Pirani, CEO, Pak-Qatar Family Takaful and Mr. Khaldoon Bin Latif- CEO, Faysal Funds, along with senior officials from both organizations.
Karachi: As Pakistan’s pioneer and the largest Takaful group, Pak-Qatar Takaful has worked to ensure the safety and well-being of its employees during the pandemic. With enhanced safety protocols, the Company organized a Covid vaccination drive for its employees to ensure its people, their families, and the company’s partners are protected and remain safe.
The vaccination drive was organized at Pak-Qatar Takaful’s head office in coordination with District Health Office (East). The activity was well received by all staff members who either were waiting to get a second shot of the vaccine (Sionvac) or have a fresh shot altogether.
arachi: Pak-Qatar Takaful, Pakistan’s Pioneer and Largest Takaful Group has been declared ISO/IEC 27001:2013 certified from Risk Associates for its Information Security Management System (ISMS) after its performance met the standard required for the certification.
The event was attended by Muhammad Nasir Ali Syed (CEO, Pak-Qatar General Takaful), Mr. Azeem I. Pirani (CEO, Pak-Qatar Family Takaful), Mr. Kashif Hassan (Director, Professional Services – Risk Associates), Mr. Noman Jehangir (Director, Certification Services – Risk Associates) along with senior officials from both organizations.
Islamabad: H.E. Sheikh Ali bin Abdullah Thani, Chairman of Pak-Qatar Takaful Meets President of Pakistan, Chief of Army Staff, and Foreign Minister on his recent visit to Pakistan.
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) came into an agreement with EasyInsurance (the country’s fastest-growing Insurance/Takaful aggregator to offer protection plans at the consumers’ fingertips through a dedicated online platform) after a signing ceremony held in Karachi. The agreement will allow EasyInsurance to offer PQFTL Family Sehat product on their website for the convenience of users in search of Takaful plans.
Speaking at the signing ceremony, Mr. Azeem Pirani (CEO, PQFTL) said, “We are glad to join hands with EasyInsurance. Initially, we will offer Family Sehat product and will add more products in the upcoming months. Our aim is to create awareness as well as to offer convenience for existing and potential customers through digital platforms.”
Karachi: Pak-Qatar Family Takaful came into an agreement with Let’s Compare (a financial services comparison platform) after a signing ceremony held in Karachi. The agreement will allow Let’s Compare to offer Easy Takaful and Family Sehat (products of Pak-Qatar Family Takaful) on their website for the convenience of users in search of Takaful plans.
The agreement was signed between Mr. Azeem I. Pirani, CEO – Pak-Qatar Family Takaful, and Mr. Junaid Khan, CEO – Let’s Compare, along with other officials from the organization.
KARACHI: Pak-Qatar Takaful Group (PQTG), Pakistan’s Pioneer and the Largest Takaful Group, recently at a ceremony awarded two more scholarships to MS IBF students Mr. Muhammad Adil and Mr. Hamza Younis – highest meritorious students at the Institute of Business Administration – Centre of Excellence in Islamic Finance (IBA-CEIF), Karachi. The Scholarship cheques were awarded by CEO, PQFTL – Mr. Azeem I. Pirani. Dr. Ishrat Hussain, Advisor to the Prime Minister on Institutional Reforms and Austerity and other senior management team were also present at the occasion.
Karachi: Pak-Qatar Family Takaful held its Annual Conference in Karachi to celebrate 2020’s exceptional performance and to further align the team with strategic Business Growth plans for 2021 and beyond.
The conference was attended by Mr. Said Gul, Member-Board of directors, Mr. Zahid Awan, Member-Board of Directors, Mr. Kamran Saleem, Director Finance & Company Secretary, Mr. Azeem Pirani, CEO, Pak-Qatar Family Takaful along with senior management of the company.
KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) recently opened its new branch in Gulshan-e-Jamal, Karachi. The new branch was inaugurated by senior members of the regional team. This new branch will create great convenience and provide a wide range of Takaful products & services to a vast number of consumers, living in Gulshan and its surrounding areas.
Lahore: Pak-Qatar Family Takaful Limited recently signed an agreement with University of Lahore Teaching Hospital in order to provide high quality service to its valuable customers. The hospital is one of its kind and offers facilities for all major treatments. With the enlistment of this hospital on PQFTL’s panel, maximum health card holders will be able to utilize quality health services.
Karachi: Pak-Qatar Takaful (PQT), Pakistan’s Pioneer and the Largest Takaful Group, recently at a special ceremony event, honored Lahore Qalandars owner Mr. Fawad Naeem Rana for his inspirational service to Pakistan, especially in the field of sports and Cricket.
Mr. Fawad Rana was presented a gift of PKR 10 Million Individual Family Takaful coverage by Mr. Azeem Iqbal Pirani, CEO – Pak-Qatar Family Takaful along with Mr. Muhammad Waqas Durrani, Head of Individual Life, Agency, & Marketing, Pak-Qatar Family Takaful.
Karachi: Pak-Qatar Family Takaful came into an agreement with Smartchoice.pk (A digital platform offering financial products) after a signing ceremony held in Karachi. The agreement will enable Smartchoice.pk to offer Family Sehat product of Pak-Qatar Family Takaful on their platform for online purchase.
The agreement was signed between Mr. Azeem I. Pirani, CEO – Pak-Qatar Family Takaful, and Mr. Sibtain Jiwani, CEO & Founder of Smartchoice.pk along with other senior officials from the organization.
Karachi: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently held a webinar on Understanding Takaful Products by the company Chairman, Shariah Advisory Board, Mufti Muhammad Hassaan Kaleem and CEO Pak-Qatar Family Takaful, Azeem I. Pirani were key speakers for the webinar.
Mufti Hassaan Kaleem while explaining about the concept of Takaful stated, “The word ‘Takaful’ originates from the Arabic language and means “joint or mutual guarantee”. Takaful is a community-pooling system based on the principles of brotherhood and mutual help wherein participants contribute in a common fund to help those who need it the most.”
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Karachi, Pakistan – Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that their Chief Executive Officer, Mr. Waqas Ahmad, has been elected as a member of the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
