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Pak-Qatar Takaful fetes Lahore Qalandars owner for inspirational service

Pak-Qatar Takaful fetes 
Lahore Qalandars owner 
for inspirational service

Pak-Qatar Takaful Group (PQTG), Pakistan’s pioneer and the largest Takaful group, honoured Lahore Qalandars’ owner Fawad Naeem Rana for his inspirational service to Pakistan, especially in the field of sports and cricket, at a special ceremony held in Karachi recently.
Rana received a gift of PKR10 million Individual Family Takaful coverage by Azeem Iqbal Pirani, CEO of Pak-Qatar Family Takaful, along with Muhammad Waqas Durrani, head of Individual Life, Agency and Marketing, Pak-Qatar Family Takaful.
Speaking on the occasion, Rana shared his journey and passion for sports. “I have always been a fan of Pakistan sports. I love cricket and I wanted to play my part to bring cricket back to Pakistan,” said Rana.
He shared the story of how Lahore Qalandars came into being and the philosophy behind the name Qalandars. “Where I am today is because of my late mother. The success I have achieved is a result of her prayers. Her memory and advice played a pivotal part in naming the Lahore team as Qalandars, which in its true essence reflects Pakistani and Islamic association. It means being selfless and fearless like a Qalandar.”
Pirani thanked Rana for sharing his views and inspirational words of wisdom that uplifted the spirits of the guests. He said PQTG would continue to support various Corporate Social Responsibility (CSR) initiatives, including supporting sports for the youth of Pakistan.
PQTG is the first and largest dedicated Takaful enterprise in Pakistan’s Islamic Finance industry. It comprises Shari’ah-compliant ventures like Pak-Qatar Family Takaful Limited (PQFTL), Pak-Qatar General Takaful Limited (PQGTL) and Pak-Qatar Investment (Private) Limited (PQIL). These ventures are driven by modern technology and a service-culture, to achieve the fastest growth and high-credibility, by providing innovative Takaful solutions.
The Group of Companies is registered with the Securities & Exchange Commission of Pakistan (SECP). PQFTL and PQGTL commenced Takaful operations in 2008. The Group has the historic privilege and honour of launching PQFTL as Pakistan’s first and largest Family Takaful Company.
PQTG, with a vision of providing financial protection and investment through Takaful to everyone, is not only Pakistan’s pioneer and the largest Takaful group but is also the third largest private-sector corporate conglomerate in the insurance industry of Pakistan.
The Group is managing the assets book valued at over PKR27 billion. PQTG annually contributes over PKR10 billion to Pakistan’s GDP. It has settled and paid claims to Takaful participants in excess of PKR12 billion since its inception.
PQFTL is the world’s first and only Family Takaful operator that has consistently declared and distributed surplus of approximately PKR520 million since its inception.
Takaful serves as Shari’ah-compliant alternative to insurance and thereby all Pak-Qatar Takaful products are duly certified with Fatwas (Islamic Pronouncement) issued by an independent Shari’ah Advisory Board which comprises world renowned Shari’ah scholars panel and chaired by Mufti Muhammad Hassaan Kaleem.
Mufti Taqi Usmani was the founding chairman of PQTG Shari’ah Advisory Board and had named Mufti Hassaan Kaleem as his successor in 2019.
PQTG is the first one to establish a dedicated in-house Shari’ah department with a team of Shari’ah scholars and experts providing round the clock support in all spheres related to Shari’ah learning, research, and compliance.
Pak-Qatar Takaful Group’s paid-up capital is in excess of PKR1.80 billion which entirely represents Foreign Direct Investment (FDI) in Pakistan, mostly from Qatar-based members of the Group’s board of directors and shareholders.
Pak-Qatar General Takaful (PQGTL) is offering coverage to more than 1,000 corporate members comprising textile, pharma, hospital, industrial risk, banks and modarbas and over 1,800 individual Takaful members.
PQGTL’s major segments include: Fire and Allied Perils, Marine (Inland, Import and Export), Engineering, Motor, Cash in Safe, Cash in Transit, Financial Lines & Travel.
Pak-Qatar Takaful Group has won many awards including ‘Best Takaful Company’ Award from FPCCI in 2020, ‘Brand of the Year’ at the FPCCI Awards in Karachi 2018, ‘Best Takaful Operator’ by IFN Awards in 2017, ‘Best Takaful Operator in Pakistan’ award at the 10th International Takaful Summit London 2016 and ‘Best Takaful Company in Pakistan’ for the year 2015 at RTC Islamic Banking & Finance Awards ceremony in Islamabad and many more.

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