Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful, is a progressive and a technology-driven Shari’ah Compliant company providing innovative Takaful solutions 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). An independent Shari’ah Advisory Board chaired by Mufti Muhammad Taqi Usmani certifies all products and operations for Shari’ah compliance. The company is rated “A” (having Stable Outlook) by JCR-VIS Credit Rating Co. Ltd and "A" (Single A) with Stable Outlook by PACRA.
The company’s vision of providing financial protection through Takaful to everyone is supported by some of the strongest financial institutions in the state of Qatar. Pak-Qatar is the first dedicated Takaful Group in Pakistan starting with both Family and General Takaful operations. The paid-up capital of Pak-Qatar Family is in excess of Rs. 700 million. Pak-Qatar Family Takaful Limited is chaired by Sheikh Ali bin Abdullah al-Thani, member of Qatar’s Royal Family.
The company is further strengthened by its Re-Takaful arrangements with Munich-Re, Hannover Re and Takaful–Re and have strategic BancaTakaful alliance with FWU AG.
Pak-Qatar Family Takaful Ltd. is recipient of several domestic and international awards and nominations. The company recently won ‘Best Takaful Operator in Pakistan’ award at the 10th International Takaful Summit London 2016 and ‘Best Takaful Company in Pakistan’ for the year 2015 at 'Islamic Banking Awards' ceremony. In 2009, the company won the ‘Best Family Takaful’ award by 1st National Achievers Award. Karachi, and the ‘Best Use of Technology’ award by the Islamic Business & Finance Awards, UAE.