Pak-Qatar Family Takaful Limited

Team of Pak-Qatar Takaful has interactive conversations with parents and students about product awareness and career development.

What is Takaful?

The word “Takaful” is derived from an Arabic word “Kafala”, which simply means to assist and give assurance to the one’s need.

Unlike conventional insurance system, Takaful is purely based on sharia law (i.e Islamic law). 

Takaful has its foundations on mutual assistance and voluntary contribution.

The risk in Takaful is mutually allocated by a body of participants, who agreed to pay a specific contribution to the pool, this pool hence called “Waqf Fund”. Such kind of contract is a guarantee against any loss or damage to any one of them which will be compensate cooperatively.

What is Pak-Qatar Family Takaful?

Pak-Qatar Family Takaful is a joint venture between two friendly countries Pakistan and Qatar.

Besides being hugely famous in the field of takaful, Pak-Qatar Takaful is a recipient of many domestic and international awards, in which, the award for the best Takaful Company in Pakistan presented at Cairo Summit in 2013 is the most prominent one. These International Takaful Awards are the only recognition of excellence and achievement for the Takaful industry. Such awards were presented for excellence to those service providers that support the industry and assist its growth.

Pak-Qatar family Takaful is present in many major cities in Pakistan, with rapidly growing in small cities and towns.

Shari’ah Advisory Board

Pak-Qatar’s Shari’ah Advisory Board has Pakistan’s some of the most prominent figures, who specialised in Shari’ah law or Islamic law.

Members of Shari’ah Advisory Board are as follow;

Justice (Retd.) Muhammad Taqi Usmani

He is a renowned figure in the field of Shariah, particularly in Islamic Finance and economics.
He has served as a Judge in the Shariah Appellate Bench, Supreme Court of Pakistan from 1982 to 2002. He is also the Editor of the magazine 'Albalagh' (a weekly publication of Jamia Darul Uloom, Karachi) as well as an active contributor of articles in leading Pakistani newspapers.
Justice (Retd.) Muhammad Taqi Usmani, who was born in Pakistan, graduated from Punjab University, Pakistan in 1970. Additionally to that, he holds an LLB from Karachi University. Prior to these, he completed the 'Takhassus' course, which is a specialization course in Islamic 'Fiqh' and 'Fatwa' (Islamic Jurisprudence) from Jamia Darul Uloom Karachi.
In March 2004, His Highness Sheikh Mohammad Bin Rashid Al Maktoum (Dubai Crown Prince and UAE Minister of Defense) presented a special award to Justice (Retd.) Muhammad Taqi Usmani in recognition of his lifetime service and achievement in Islamic Finance at the occasion of the International Islamic Finance Forum, Dubai, which is one of the biggest events in the Islamic Finance Industry.

Mufti Ismatullah (Shariah Advisor, Member)

He is a member of Shariah Advisor at Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited.
Mufti Ismatullah did his PhD from Karachi University and his Takhassus (specialization) in Islamic Fiqh and Fatawa from Jamia Dar ul Uloom. He has extensive experience teaching various courses there. He has worked for over ten years in the Fatwa department (Darul Ifta) at Dar ul Uloom.

Besides being the Shariah Advisor at Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited he also serves as the Shariah Advisor at Bank Al Habib's Islamic Banking Division.

Mufti Ismatullah is also involved in research in the fields of Islamic finance and specifically Takaful.

Mufti Muhammad Hassaan Kaleem (Member)

Mufti Muhammad Hassan Kaleem holds the degrees of Alimiyyah and Takhassus (specialization) in Islamic Jurisprudence (Fiqh) from Jamia Darul Uloom, Karachi and Centre for Islamic Economics. He is also a faculty member /teacher at the same institution.
Furthermore, he is a member of the curriculum committee of the National Institute of Banking and Finance (NIBAF). His areas of expertise are Islamic Finance and Takaful. He is Head of Shari’ah at both Dubai Islamic Bank Pakistan and Center for Islamic Economics, Pakistan. He is a frequent guest-speaker and lecturer at many different conferences, seminars and forums.

Mufti Muhammad Zahid Sangharwi (Member)

Mufti Muhammad Zahid completed his dissertation in Islamic Jurisprudence with outstanding record throughout his academic career, winning numerous awards. He completed his Al–Aalamiyyah (a degree recognized by the HEC-Higher Education Commission of Pakistan) equivalent to Masters in Arabic and Islamic Studies in 2005 from Jamia Darul Uloom Karachi. Later, he completed his specialization in Islamic Jurisprudence (Al-Takhassuss Fil Iftaa) in 2008 from the same institution.
Mufti M. Zahid focuses on presenting Islamic solutions to problems related to the modern existence, thereby applying his acumen in bringing the modern world abreast with the Shariah. He provides Islamic Finance, Takaful and Risk Management trainings at different forums. He is currently working as Resident Shariah Board Member (RSBM) at Soneri Bank, Islamic Banking division.

Who sponsors Pak-Qatar Family Takaful Limited?

For any start up, the best sponsor can lift that new firm to the right place.

Pak-Qatar family Takaful limited proudly declares their elite sponsors, and they are;

• Qatar Islamic Insurance Company (QIIC).
• Qatar International Islamic Bank (QIIB)
• Masraf Al Rayan
• Fawad Yousuf Securities (Pvt.) Limited

Our Board of Directors

Our Board of Directors are;

Sheikh Ali Bin Abdullah Thani J. Al-Thani – Chairman

A member of the Royal Family, Sheikh Ali is a prominent businessman in Qatar. By qualification, he is Bachelor of Science in Political Science from Portland State University, USA. Currently, he is the Chairman of Umm-Haish International, and Al-Jazeera Trading & Contracting. Earlier, he was the Chairman of Qatar International Islamic Bank.


Said Gul – Managing Director

Mr. Said Gul is the Managing Director of Pak-Qatar Family Takaful and Pak-Qatar General Takaful (the most successful Takaful group in Pakistan today and sponsored by some of the strongest financial institutions from the state of Qatar). Mr. Gul is a prominent Pakistani businessman in the State of Qatar. Presently, he is working as Executive Director of Eurotec Projects Development for Oil & Gas (a Trading and Consultancy Enterprise). Earlier, he had been associated with Qatar Petrochemical Company as Head of General Services for a period of 17 years. Thereafter, he was Director Operations at Al-Muftah Projects & Industrial Services for 14 years.

Mr. Said Gul is a very simple and straight-forward person despite his accomplishments including leading the group in achieving break-even in just a short span of time of one year.

He believes in hardwork, honest deliverance of responsibilities and ultimate faith in Allah for success.He has amply put into practice the belief that a true leader is honest, fair and accessible to the benefit of his group, colleagues as well as the society in general.

His professional approach can be summed up in his view that with power comes responsibility and that is the first professional quality he looks for in people exhibiting leadership qualities.

He has successfully exhibited a merger of Islamic and professional excellence during his illustrious career. He has encouraged deep research into what Islam determines to be ideal rather than simply permissible and has kept an eye on the latest technological advances.

In addition to his contribution to the economies of both Qatar and Pakistan, he has also played a pioneering role in promoting friendship between the two countries and their business communities. Mr. Said Gul is in the board of Executive Members of the Pak-Qatar Business Forum and among founding leaders of the Pakistan Welfare Forum in Doha.

He has also contributed to spreading awareness about Takaful through articles in leading international professional publications. Mr. Gul has represented Pak-Qatar Group at various prestigious international forums.


During his tenure, Pak-Qatar Takaful Group has taken gigantic strides and emerged as the market leader of Pakistan’s industry. He has completed a number of mega projects in Qatar.Under his leadership, the company has made tremendous progress not only in operations and business but also gained recognition as a leading corporate identity. He has the distinction of successfully promoting Takaful in Pakistan, expanding the network of Pak-Qatar Group across the country and introducing innovative new products.

Abdul Basit Ahmad Al-Shaibei – Director

By qualification, Abdul Basit is a Bachelor of Science in Business Administration from Fayetteville University, North Carolina, USA. Currently, he is the CEO of Qatar International Islamic Bank and Board member of Islamic Financial Securities Company, Doha.

Ali Ibrahim Al Abdul Ghani – Director

Mr. Ali Ibrahim Al Abdul Ghani is currently the CEO of Qatar Islamic Insurance Company (QIIC). After receiving his Bachelor Degree in Business Administration from Campbell University in 1985, he joined Ministry of Labor & Social Affairs of Qatar as Head of Finance & Administration Affairs. Subsequent to that and before joining QIIC, he has also served Qatar Armed forces as Head of Procurement.

Owais Ahmed Yusuf – Director

Muhammad Owais Ansari is the Chief Operating Officer of FWU Global Takaful Solutions and is an expert on Takaful-related issues. He is a Fellow of the Society of Actuaries (FSA) and has significant experience of working for Takaful and conventional insurers in the Middle East & UK.

Prior to joining FWU, Mr. Ansari was a Senior Consultant within PwC, UK where he worked on a variety of consulting projects involving Solvency II, M&A, Pension Buyout and Actuarial audits.

Mr. Ansari has also experience of working as the Insurance Adviser in Saudi Arabian Monetary Agency (SAMA) to develop and effectively implement a new regulatory framework for an emergent Saudi insurance market.


Mr. Ansari was also part of the senior management team that was responsible for setting up the first Takaful operations of HSBC in Saudi Arabia.

Zahid Hussain Awan – Director & CEO

Mr. Awan is a graduate of Punjab University with a rich professional experience of 36 years in Banking Industry. He initially gained experience of Banking mainly from GCC countries and worked for almost 10 years in conventional banking. Later in 1990, he joined Qatar International Islamic Bank (QIIB) and looked after the treasury & corresponding banking. Besides working at QIIB, he has been holding the position of Director in Pak-Qatar Family Takaful & General Takaful since inception. Prior to appointment as CEO of Pak-Qatar General Takaful Limited in year 2017, his last position at QIIB was Head of Insurance & Banking Products and Services Development.

Abdullah – Director

Mr. Junaidy is a Fellow Member of the Institute of Chartered Accountants of Pakistan (ICAP) and has served as the Vice President and Council Member of the ICAP. He is working as a senior partner in Junaidy Shoaib Asad, Chartered Accountants.Mr. Junaidy brings an extensive 30 years of diversified experience with strong background in financial & business management, strategic planning, budget administration, staff training & development, contract negotiation, audit coordination, policy & procedural development, risk management, tax planning & compliance, report preparation and public relations.


Mr. Junaidy's illustrious career is spread with various engagements such as, 15 years with KPMG Pakistan, including 6 year as Partner. In the past, served as Group Chief Financial Officer of a Large conglomerate. Plus has been associated as CFO & Company Secretary with other industrial group and financial sector companies. He has been on the Board of directors of Karachi Stock Exchange and National Clearing Company of Pakistan as a nominee of the Securities & Exchange Commission and Karachi Stock Exchange.

Our Head Office and Branches

Head Office

Karachi:

Suite # 402-404, Business Arcade,

Plot 27/A, Block 6, P.E.C.H.S.,
Sharah-e-Faisal, 
Karachi.

Sindh Branch

Karachi:

Suite # 402-404, Business Arcade, 

Block 6, P.E.C.H.S, Sharah-e-Faisal, 

Karachi.

Islamabad (Federal Capital) Branch

4th Floor, Chenab Center, Plot # E-104, Blue Area

Jinnah Avenue,
Islamabad 

Punjab Branches

Lahore:

2nd floor, Plot # 14-A, Ali Block, 

New Garden Town,

Lahore

Multan:

1st Floor, Zakariya Arcade, Opp, Khana-e-Farhang-e-iran, Near Chungi No. 09,
Multan.

Gujranwala:

2nd Floor, Super Golden Plaza, Adjacent Golden Pump, Opposite KFC, Main GT Road, Gujranwala

Sialkot:

Suite No. B-13, 1st Floor, Jawad Center, Defence Road, 
Sialkot.

Bahawalpur:

Upper Store, Qasim Laboratory, Library Chowk,
Bahawalpur. 

Khyber-Pakhtunkhwa Branch
Peshawar:

C-Block 4th Floor City Tower

University Road,
Peshawar

Contact

Muhammad Farhan Khan Zai
Business Unit Head

Cell:
0300 - 9278846
0321 - 2602666

For more details Check Pak-Qatar Family Takaful Limited's official website!