Karachi: Pak-Qatar Family Takaful Limited (PQFTL or Company), a leading provider of Shariah-compliant Takaful solutions in Pakistan, has announced its financial results for the year ended 31 December 2023. PQFTL Pak-Qatar Group, Pakistan’s premier Islamic finance conglomerate and pioneer. PQFTL is rated “A++” (Stable Outlook) by VIS Credit Rating Company Limited and Pakistan Credit Rating Agency (PACRA).
The company’s financial results for 2023 and plans for 2024 were discussed at a meeting held in Doha, Qatar at a Board meeting chaired by Sheikh Ali bin Abdullah bin Thani al-Thani, Chairman of the Pak-Qatar Group. It was attended by the Directors – M/s. Gul, Abdul Basit Ahmad Al Shaibei, Ali Ibrahim Al Abdul Ghani, Zahid Hussain Awan and Mohammed Kamran Saleem said.
During 2023, the turnover of Pak-Qatar Family Takaful Limited is PKR 16.30 billion. Shareholder Fund posted a net profit after tax of PKR 156.30 Million despite all odds; Participant Takaful Fund (Waqf Fund) earned a surplus before distribution of PKR 37.5 million. The company has grown its balance sheet through effective growth in investment and financing portfolio.
