Contributions received from Participants by Pak-Qatar Family are divided into two accounts, Participant’s Investment Fund (PIF) and Waqf Fund. The amount in PIF is invested in Shari’ah compliant business avenues to generate Halal profits. The contribution pooled in Waqf fund is considered Tabarru & is used to pay claims. A Wakala fee(s) is deducted for services rendered in Investment Management and for operating Waqf Fund. Any surplus generated in the Waqf is distributed back to the Participants at the end of each year.
Pak-Qatar has set up three investment fund strategies. In each fund a different investment strategy is being followed depending upon the participant’s risk-reward appetite. You have the option to switch between these strategies at any time during the year without any charges for up to 3 switches a year.
