Qatar Takaful Group has registered an immense growth during the preceding year with an aggregate turnover of around Rs. 9.0 billion
Karachi, (Pakistan Point News - 23rd Apr, 2018 ) Qatar Takaful Group has registered an immense growth during the preceding year with an aggregate turnover of around Rs. 9.0 billion. The Group posted a net profit after tax of Pak-Rs. 133 million during the year ended 31-December-2017, while its participant Takaful Fund generated the net consolidated surplus of Pak-Rs. 116 million. 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, 2017 during the Group’s board of Directors meeting.
Pak-Qatar Takaful is Pakistan’s Pioneer and largest Takaful Group operating for more than a decade with the largest branch network nationwide. The meeting was chaired by His Excellency Sheikh Ali Bin Abdullah Al-Thani. Other Board members present in the meeting included Mr. Said Gul; Mr. Abdul Basit Ahmad Al-Shaibei; Mr. Ali Ibrahim Al-Abdul Ghani; Mr. Zahid Hussein Awan; Mr. Owais Ansari and Mr. Furrukh Vaqaruddin Junaidy. His Excellency, Sheikh Ali praised the Group’s remarkable performance during the year 2017.
Pak-Qatar Family Takaful Limited (PQFTL), is the first and largest dedicated Family Takaful Company in Islamic Finance industry. PQFTL is one of the fastest growing Family Takaful operators in the country with more than 70 branches in over 41 cities, in addition to over 3,500 bank branches in over 200 cities that provide BancaTakaful products. The Company’s paid-up capital is in excess of Pak- Rs. 1.250 billion, with credit rating of ‘A’ (Positive Outlook) by JCR-VIS Credit Rating Company Limited.
The company is the recipient of “Best Takaful Operator Award” from the International Takaful Summit, London, as well as from IFN Redmoney, Malaysia and the Best Takaful Company Award by the President of Pakistan from RTC, Islamabad. Pak-Qatar General Takaful Limited offers a comprehensive products’ portfolio for the national General (non-life) Takaful market. The Company’s paid-up capital is in excess of Pak-Rs. 509 million, with credit rating of ‘A-’ (Stable Outlook) by the JCR-VIS Credit Rating Company Limited and ‘A’ Rating with Stable Outlook by Pakistan Credit Rating Agency Limited. Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited are chaired by Sheikh Ali bin Abdullah Al-Thani and sponsored by some of the strongest financial institutions from the State of Qatar.