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SC Media Centre - Pak Qatar Family Takaful
PACRA maintains IFS rating of Pak-Qatar General Takaful at “A”
Karachi: March 9, 2016 – The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) of Pak-Qatar General Takaful Limited at ‘A’ (Single A).The rating assigned to PQGTL recognizes its strong capacity to meet policy-holders’ and contract obligations, while it also reflects sound risk-absorption capacity of the company, due to its adequate capitalization and liquidity profile.
The PACRA report stated that; Pak-Qatar General Takaful - being an early entrant in Islamic insurance (Takaful); both General and Life - has achieved good brand recognition. This gives strength to PQGTL's business profile.
The Chief Executive Officer of PQGTL – Mr. Javed Muslim stated that: It is a pleasure for us to see that the robust performance of PQGTL, in all aspects of its business, has also been recognized by a credible rating agency like PACRA. It is a reflection of the consistent hard work of our highly competent team. I congratulate all team members for winning this strong financial stature and respect as a robust financial institution”.
Pak-Qatar Family Takaful Wins ‘Best Takaful Company’ Award
at International Takaful Summit 2016 - London
Karachi: February 29, 2016 – Pak-Qatar Family Takaful Ltd (PQFTL) has won the ‘Best Takaful Company – Pakistan’ award at the International Takaful Summit 2016, This “Takaful event of the year” was recently held in London, along with an awards ceremony, to recognize the achievements of companies and individuals in the fields of Takaful and Re-Takaful. The Shariah-Compliant model of Insurance was introduced four decades ago, and is rapidly gaining more competitiveness, higher standards and global recognition.
Being the flag-bearer of Takaful in Pakistan since 2007, PQFTL offers; Shariah-compliant services and expertise for Individual, Groups and Banca products, including Group Life and health protection, to cover all the protection and investment needs of the consumers and institutions. Its award-winning products are absolutely competitive, more rewarding and flexible.
The Chief Executive Officer of Pak-Qatar Family Takaful Ltd. Mr. Nasir Ali Syed stated that: "It is a matter of great pride and pleasure for us to win this award of International stature, while being recognized as the 'The Best Takaful Company' on an international scale. I would like to congratulate my team for winning this prestigious accolade. With their hard work and passion, we have consistently delivered great results. I would also like to thank the International Takaful Summit for recognizing the performance and humble contributions of our company, towards strengthening the Takaful concept on a global scale.”
During the event, Pak-Qatar Takaful Group’s new technology platform "Elevate" (yet to be launched) was given special attention as a new trend setter in the International Takaful Arena. “The Marketing strategy of Pak-Qatar Takaful for the years ahead is to set new standards and benchmark in the Pakistani and Global Takaful Market via new technological platforms and new product development,” commented Mr. Nameer Khan, Group Head of Marketing and Corporate Communications/Strategy.
The International Takaful Summit is held annually, attracting over 400 international delegates, to feature a comprehensive programme, complete with Interactive sessions, exhibitions, Awards and private functions, offering a unique and in-depth evaluation of the Takaful & Re-Takaful industry and the way forward. This year’s Summit held insightful discussions on innovative ways to provide Takaful protection against large commercial risks.