DOHA: Pak-Qatar Takaful Group, which comprises 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 31 December 2015 during the Group’s board meeting held recently in Doha at Qatar International Islamic Bank, head office. The meeting was chaired by Sheikh Ali Abdullah Al-Thani, Chairman, Pak-Qatar Takaful Group.
Board members present in the meeting included Said Gul, Managing Director – Pak-Qatar Takaful Group, Abdul Basit Ahmad Al Shaibei, Ali Ibrahim Al Abdul Ghani, Zahid Hussein Awan, Owais Ansari and Kamran Saleem, Group CFO & Company Secretary.
Sheikh Ali appreciated the Group’s remarkable performance during the year 2015. Pak-Qatar Takaful Group registered an immense growth during the preceding year with an aggregate turnover of Rs 7.4bn(QR258m/$71m). The Group posted a net profit after tax of Rs 84.6m(QR 2.95m/$ 0.81m) during the year ended December 2015. Participant Takaful Fund generated the net consolidated surplus of Rs196m(QR 6.8m/$1.87m).
Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful in Pakistan, is a progressive and a technology-driven Shari’ah Compliant company providing innovative Takaful solutions in Pakistan. The Company is chaired by Sheikh Ali bin Abdullah Al Thani and sponsored by some of the strongest financial institutions from Qatar.
The company’s paid-up capital is in excess of Rs. 710m, with credit rating of ‘A’ (Stable Outlook) by JCR-VIS Credit Rating Co. Ltd. The company is the recipient of Best Takaful Operator Award in the International Takaful Summit, London, and the Best Takaful Company Award by the President of Pakistan.
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 Rs 471m, 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.
The company is the recipient of several domestic and international awards.
The Peninsula
