DOHA: Pak-Qatar Takaful Group recorded a strong growth with a combined turnover of Rs5.5bn ($54m) for the year ended December 31, 2013. The Group made a profit of Rs74m ($0.7m) during the year.
Pak-Qatar Takaful Group, which comprises of Family Takaful and General Takaful, reviewed and approved the financial statements of Pak-Qatar Family Takaful and Pak-Qatar General Takaful for the year during the group’s board meeting held recently in Doha at International Islamic.
The meeting was chaired by Sheikh Ali Abdullah Al Thani, the Chairman of the Pak-Qatar Takaful Group. Board of Directors present in the meeting included Said Gul, Managing Director for the Group, Abdul Basit Al Shaibei, Zahid H Awan, M Owais Ansari and M Kamran Saleem, CFO & Company Secretary. Sheikh Ali appreciated the Group’s performance during the year 2013.
Pak-Qatar Family Takaful Ltd, the pioneers of Family Takaful, 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 form Qatar.
The company’s paid-up capital is in excess of Rs710m, with credit rating of ‘A’ (Stable Outlook) by JCR-VIS Credit Rating Co Ltd.Pak-Qatar Family is recipient of several domestic and international awards and nominations.
Pak-Qatar General Takaful Ltd offers a comprehensive products’ portfolio for the national Takaful market. The company’s paid-up capital is in excess of Rs407m, with credit rating of ‘A-’ (Stable Outlook) by the JCR-VIS Credit Rating Company Ltd. The company is the recipient of several domestic and international awards.