Pak-Qatar Takaful reviews 2017 financial performance

 14 Nov 2017 - 0:14

Pak-Qatar Takaful reviews 2017 financial performance
Pak-Qatar Takaful Group officials at the review meet chaired by Sheikh Ali Abdullah Al Thani (centre), Chairman of the group.

The Peninsula

Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, reviewed the companies’ performances during the current financial year ending on 31 December 2017, in their Board meetings held at the Head Office of International Islamic Bank at Grand Hamad Street.
The meetings were chaired by Sheikh Ali Abdullah Al Thani, Chairman, Pak-Qatar Takaful Group. Board members present in the meeting included Dr. Abdul Basit Ahmad Al Shaibei; Ali Ibrahim al-Abdul Ghani; Said Gul; and Zahid Hussein Awan. Other attendees included, Muhammad Ashraf Ali Siddiqui and Muhammad Kamran Saleem, Group CFO & Company Secretary.
Board reviewed and deliberated on the companies’ prevailing performances during the current year and advised some measures to be taken to further strengthen Group’s performance and sustainability. Pak-Qatar Takaful Group registered an aggregate combined turnover of Pak-Rs. 6.9bn till 31st October 2017.
Board also discussed other possible business opportunities that can be considered along side the Takaful business, in order to further improve and strengthen the corporate image of the Group.
Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful in Pakistan, is a progressive Islamic Life Insurance Company providing innovative Life Takaful solutions in Pakistan. The Company is chaired by Sheikh Ali Abdullah Al Thani and sponsored by some of the strongest financial institutions form the State of Qatar.
The Company’s paid-up capital is in excess of Rs.710m, with IFS (Insurer’s Financial Strength) Rating of ‘A’ (Stable Outlook) by JCR-VIS Credit Rating Co. Ltd and Pakistan Credit Rating Agency Limited. The company is the recipient of Brand-of-the-Year Award; Best Takaful Operator Award in the International Takaful Summit, London; and the Best Takaful Company Award by the President of Islamic Republic of Pakistan.
Pak-Qatar General Takaful Limited offers a comprehensive products’ portfolio for the General (non-life Islamic Insurance) Takaful market.
The Company’s paid-up capital is in excess of Rs. 471m, with IFS (Insurer’s Financial Strength) rating of ‘A-’ (Future Outlook, Stable) by the JCR-VIS Credit Rating Company Limited; as well as, IFS Rating of ‘A’ with Stable Outlook by Pakistan Credit Rating Agency Limited.