Karachi: Pak-Qatar Family Takaful Limited (PQFTL), part of Pak-Qatar Group, Pakistan’s Prime Minister and Islamic financial services group, has reported 28% more allocation among its Individual Family Takaful (IL-DSF) portfolio members. This decision was approved by the appointed acting and Sharia Board, which reflects the strong financial performance and commitment of the participants to benefit from PQFTL.
A single rate method has been adopted to calculate the surplus and it will be distributed among the participants in accordance with the fixed method related to the Total Net Contribution. In addition, excess distributions are made only for members who exit the pool in 2024 through permanent withdrawal, death or maturity.
Excess distribution from Waqf Fund/Takaful Participants (Risk) Pool is an important principle of Takaful as opposed to conventional insurance. This premium distribution reflects PQFTL’s commitment to providing exceptional value and financial security to its members. The company’s prudent financial management and strong risk-sharing structure have enabled it to create significant benefits for its stakeholders.
