Muhammad Nasir Ali Syed is a seasoned professional with over twenty three years of rich experience and commendable achievements in the diversified areas of operations and sales in the Life Insurance & Takaful industry of Pakistan. The seasoned Takaful ambassador is a founding member and Chief Executive Officer of Pak-Qatar Family Takaful Limited, serving this pioneering venture since February 2007.
Mr. Nasir holds a Masters Degree in Biochemistry from Karachi University, an ALMI qualification from LOMA, USA and a Post-graduate Diploma in Islamic Banking & Takaful from CEI (a division of Jamia Darul Uloom Karachi). He started his career with Universal Express and later joined State Express. In 1995, he began his insurance-carrier at the American Life Insurance (ALICO), as a founding member of the Underwriting Department. In 1997, he moved to Commercial Union Life Assurance Company, where he established the Group Health Department of the organization. After progressing through multiple senior-level management positions in New Jubilee life Insurance Company, his vision and passion for Islamic Finance inspired him to take the opportunity of joining the Shariah-compliant – Takaful industry during the initial phase of its development.
In February 2007, he joined Pak-Qatar Family Takaful Limited - Pakistan’s first Family-Takaful venture, as the Head of Operations. Since then, he has successfully established and evolved the robust and effective systems and procedures to successfully run the entire Takaful operations, with the help of his dedicated and visionary team, while deploying the latest technologies and global best-practices in the business. Due to his outstanding performance, the Board of Directors at Pak-Qatar Family Takaful elevated him to the position of Chief Executive Officer, in 2012.
Over the years, he has attended many national and international conferences, seminars, courses and workshops while representing the protection industry of Pakistan on numerous international forums. He is an active participant and member of various developmental committees to share his wisdom and experience to expand the awareness of insurance/Takaful and promote ‘financial-inclusion’ in Pakistan.
With Allah’s blessings and the hard work of its entire workforce, Pak-Qatar Family Takaful is ranked as one of the most successful enterprises in the industry, that provides the best shariah-compliant products and most competitive financial-protection services, to everyone, across many diverse consumer segments. Under his insightful leadership, the company has won several accolades including the “Best Takaful Company award” in 2016, conferred by the President of Pakistan - H.E. Mr. Mamnoon Hussain, while the ‘International Takaful Summit’ held recently in London, also adorned it with the title of ‘Best Takaful Company in Pakistan’.