Pak-Qatar Takaful Group

What Pak-Qatar Takaful Group does

Pak-Qatar Takaful Group is Pakistan's pioneer and largest Takaful (Islamic insurance) group, founded in 2006 and headquartered in Karachi. Operating under Shariah-compliant principles that avoid interest (riba), gambling (maysir), and uncertainty (gharar), the group provides insurance products through a three-subsidiary structure: Pak-Qatar General Takaful Limited (PQGTL) for non-life insurance covering commercial vehicles, residences, travel, and machinery; Pak-Qatar Family Takaful Limited (PQFTL) for family and individual life takaful coverage; and Pak-Qatar Asset Management Company Limited (PQAMCL) for Shariah-compliant investment products.

The group generates revenue primarily through recurring takaful premiums collected from policyholders, operating on the principle of mutual protection where participants contribute to a common fund. Its customer base spans individual policyholders seeking Shariah-compliant family coverage, corporate entities requiring non-life takaful for business risk, and—following the February 2026 IPO—capital market investors seeking exposure to Islamic finance. The group went public in February 2026 when PQGTL listed on the Pakistan Stock Exchange (ticker: PAKR/psx:PQGTL) as Pakistan's first Dedicated Non-Life Takaful Operator, with the IPO oversubscribed 21x through book-building and 9.6x in the public offering, generating PKR 4.74 billion in total demand from 13,013 applications.

The company's go-to-market is direct-to-consumer and direct-to-enterprise through its dedicated subsidiary channels, with distribution focused exclusively within Pakistan. No AI/ML capabilities, proprietary technology platforms beyond conventional Takaful systems, or international expansion are documented in the available sources. Pricing details are not publicly disclosed, with individual premiums determined based on coverage type, risk assessment, and policy terms.

Name

Pak-Qatar Takaful Group

Legal name

Pak-Qatar Takaful Group

Website

https://pakqatar.com.pk

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pak-Qatar Takaful Group is Pakistan's pioneer and largest Shariah-compliant Takaful (Islamic insurance) group, offering non-life insurance (commercial vehicles, residences, travel, machinery) and family takaful coverage to individuals and corporate clients through three subsidiaries, now publicly listed on the Pakistan Stock Exchange.

Ownership category

akta.pro rank

Product category

Takaful Insurance (Islamic Insurance)

NAICS

Insurance Carriers and Related Activities (524), Direct Property and Casualty Insurance Carriers (524126)

SIC

Accident & Health Insurance (6321)

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• Shariah-compliant insurance
• General takaful
• Family takaful
• Islamic non-life insurance
• Takaful group

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Takaful Insurance Premiums: The group generates revenue through family and general takaful (Islamic insurance) premiums collected from policyholders. As a Shariah-compliant insurance provider, it operates on the principle of mutual protection where participants contribute to a common fund to help each other.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Pak-Qatar Takaful Group offers Shariah-compliant family and general (non-life) takaful insurance products and services in Pakistan through its three wholly owned subsidiaries. General takaful covers commercial vehicles, residences, travel, and machinery for individuals and corporate clients, while family takaful delivers protection and savings solutions, and PQAMCL manages Shariah-compliant investment funds. All offerings are structured around the Islamic mutual-protection principle, pooling participants' contributions into a common fund managed in accordance with Shariah.

Product overview

Pak-Qatar Takaful Group operates as Pakistan's pioneer and largest Takaful Group, comprising three core subsidiaries: Pak-Qatar General Takaful Limited (PQGTL) as the first dedicated non-life Takaful operator listed on PSX, Pak-Qatar Family Takaful Limited providing family takaful protection and savings solutions, and Pak-Qatar Asset Management Company Limited (PQAMCL) managing Shariah-compliant investment products. The group offers a unified portfolio of Islamic insurance and financial services under a platform-plus-subsidiary structure, with PQGTL recently achieving a landmark IPO listing.

Differentiator

Problem solved

Functional benefit

Brands

• PQGTL: Pak-Qatar General Takaful Limited - Pakistan's first dedicated non-life Takaful operator
• PQFTL
• PQAMCL

Products and services

• Pak-Qatar General Takaful Limited (PQGTL) Pakistan's first Dedicated Non-Life Takaful operator offering Shariah-compliant general insurance products covering commercial vehicles, residences, travel, and machinery for individual and corporate clients.
• Pak-Qatar Family Takaful Limited (PQFTL) Family takaful services providing Shariah-compliant protection and savings solutions for individuals, families, and group policyholders in Pakistan.
• Pak-Qatar Asset Management Company Limited (PQAMCL) Asset management subsidiary managing Shariah-compliant investment products and funds for clients of the Pak-Qatar Takaful Group.

Quantifiable outcome

• IPO oversubscribed 21x through book-building and 9.6x in public offering, with 13,013 applications generating PKR 4.74 billion in total demand and securing 40 percent maximum premium

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Etiqa Family Takaful: Malaysia's leading Takaful operator and part of the Maybank Group, offering family and general Takaful products at significant scale. While geographically separate, it represents a regional incumbent benchmark for Takaful product range, digital capability, and scale that Pak-Qatar may eventually aspire to.
• Syarikat Takaful Malaysia Keluarga Berhad: Malaysia's largest dedicated Takaful operator with listed shares and a broader product portfolio. A relevant regional incumbent peer for understanding mature Takaful operating models and potential cross-border expansion benchmarks for Pak-Qatar.
• Jubilee General Insurance Company: A leading Pakistani non-life insurance company offering conventional and Takaful products. A broad incumbent that competes with Pak-Qatar General Takaful across commercial lines, fire, motor, and marine insurance in Pakistan.
• EFU General Insurance: Pakistan's largest non-life insurance company (conventional) and parent/affiliate of EFU Takaful. Represents the broader incumbent non-life insurance market that Pak-Qatar General Takaful competes against for corporate and commercial risks.

Direct peers

• Jubilee Takaful: Jubilee Takaful is part of the Jubilee Insurance group and offers family and general Takaful products in Pakistan, making it a direct competitor to Pak-Qatar in both individual and corporate Shariah-compliant insurance segments.
• Dawood Family Takaful: A Pakistan-based Takaful provider focused on family and general Takaful products. Directly competes with Pak-Qatar Family Takaful and Pak-Qatar General Takaful on individual and group Shariah-compliant coverage.
• Salaam Takaful Limited: A Pakistani Takaful operator offering family and general Takaful products. Directly competes with Pak-Qatar in the same domestic market across similar Shariah-compliant insurance product categories.
• EFU Takaful: One of Pakistan's established Takaful operators offering both family and general Takaful products. Directly competes with Pak-Qatar in the same Pakistani Shariah-compliant insurance market with overlapping product lines and customer segments.
• Takaful Pakistan Limited: A Pakistan-based Takaful operator providing family and general Takaful solutions. Competes head-to-head with Pak-Qatar for individual and corporate Shariah-compliant insurance customers in the domestic market.

Regional players

• Salama Islamic Arab Insurance Company: A UAE-listed Shariah-compliant insurance company offering family and general Takaful products across the GCC. Comparable as a regional Takaful peer operating in a Muslim-majority market, though geographically separate from Pakistan.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PQTOfficial
• Facebookfacebook.com/PakQatarTakafulOfficial

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pak-Qatar Takaful Group