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.
Mr. Waqas Ahmad expressed his enthusiasm about the new role, stating, “I am honored to represent Pak-Qatar Family Takaful and the wider Takaful industry on the IAP Executive Committee. This position will allow us to contribute meaningfully to the development and promotion of Shariah-compliant Takaful solutions in Pakistan that are technologically driven, innovative and are customer focused.”
With his impressive track record in various domains, including life insurance/Takaful underwriting, product development, strategic partnerships, and digital transformation, Mr. Waqas Ahmad is well-positioned to bring valuable insights to the IAP. This appointment is expected to strengthen the position of Takaful in Pakistan’s financial landscape and promote greater awareness and adoption of innovative Shariah-compliant Takaful solutions. It aligns with PQFTL’s vision of driving innovation and delivering value through the use of technology to all stakeholders in the Islamic financial sector.
IAP was established in 1948 and it is a dynamic and vision driven association that represents the insurance and Takaful industry of Pakistan. The Association is licensed from the Ministry of Commerce, is registered with the Securities and Exchange Commission Pakistan as a section 42 trade association and is member of the Federation of Pakistan Chambers of Commerce & Industry. IAP strives to promote, support and protect the status, common interest and welfare of companies carrying on the business of insurance and Takaful in Pakistan.
About Pak-Qatar Family Takaful Limited:
Pak-Qatar Family Takaful Limited (PQFTL) is the first and largest dedicated Family Takaful Company in Pakistan. Incorporated in 2006, and beginning operations in 2007, the company is registered with and supervised by, the Securities and Exchange Commission of Pakistan (SECP). The company is rated “A++” (having a Stable Outlook) by VIS Credit Rating Co. Limited and Pakistan Credit Rating Agency (PACRA).
For more details: https://www.pakqatar.com.pk
About Pak-Qatar Group:
Pak-Qatar Group stands as Pakistan’s premier and pioneer Islamic financial services group, offering a comprehensive range of savings and protection solutions that adhere to the principles of Shariah-compliant finance. With steadfast commitment to excellence and strong emphasis on Islamic values, the group encompasses companies such as Pak-Qatar Family Takaful Limited, Pak-Qatar General Takaful Limited, Pak-Qatar Investment (Private) Limited and Pak-Qatar Asset Management Company Limited.
