Board meeting approves Pak Takaful annual report
Saturday, 17 April 2010
DOHA: The Board of Directors of Pak-Qatar Family Takaful Limited (PQFTL) and Pak-Qatar General Takaful Limited (PQGTL) Qatar have approved the financial statement for 2009 and appreciated the performance.
Both the companies performed well in the year 2009, said Chairman H E Sheikh Ali bin Abdullah Al Thani, who chaired the meetings of the two companies. During the meetings the annual report of the two companies for the period ending 31 December 2009 was presented.
Sheikh Ali noted that, “despite the difficult socio-economic circumstance, Pak-Qatar Group has performed exceedingly well. The future of Pak-Qatar Group and the Takaful industry as a whole looks promising and we will continue to support and provide technical assistance for its promotion, he added.
Abdul Basit Al Shaibi and Zahid Hussain Awan (Qatar International Islamic Bank), Choudhry Muhammad Wasi (Qatar Islamic Bank), Fawad Yusuf (Fawad Yusuf Securities), Owais Ansari (FWU Group), Said Gul (Director Pak-Qatar Group), CEO P Ahmed of PQFTL, Deputy CEO Rohail AliKhan of PQGTL and M Kamran Saleem (CFO & CS - Pak-Qatar Group) were also present in the meetings.
PQFTL, the fastest growing Takaful Operator in the region, has rapidly expanded its distribution network in 14 cities with 25 branches.
“We have the financial strength and the expertise to ably cater to the protection and long-term investment needs of the people of Pakistan.” said Ahmed, the CEO of PQFTL.
“Our strategy is to introduce innovative and pioneering Takaful products and simplify the process of its acquisition”, Ahmed added. “We believe that technology is the way forward.”
Pak-Qatar Takaful won the “Best Use of Technology” award in the Islamic Finance Industry by CPI Financial last year in Dubai, UAE.