Pak-Qatar Family Takaful Given Upgraded IFS Rating Of A+

JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength (IFS) rating of from single A to single A plus.

KARACHI, (UrduPoint / Pakistan Point News - 20th Aug, 2018 ) :JCR-VIS Credit Rating Company Limited has upgraded the Insurer Financial Strength (IFS) rating of from single A to single A plus.

Outlook on the assigned rating is stable. Ratings assigned to Pak-Qatar Family, said press release on Monday.

Takaful are driven by improvement in key performance areas and strong profile of its sponsor. 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.

The profitability of Pak-Qatar Family Takaful Limited has remained strong as compared to peers, reflecting a strong business profile. The growth pattern of this company has also remained high in recent years. Moreover, after having established an extensive nationwide branch network, PQFTL is now gradually expanding its wings through Alternate Distribution Channels.

The rating denotes a strong capacity to meet policy-holders and contract obligations. The ratingalso reflects the sustained market position of the company, having decent foothold in Bancatakaful.