5th Pillar Family Takaful

What 5th Pillar Family Takaful does

5th Pillar Family Takaful Limited is a Shariah-compliant Family Takaful (Islamic insurance) company incorporated in Pakistan and operating under the supervision of the Securities and Exchange Commission of Pakistan (SECP). Founded in 2021 and headquartered in Karachi with a sales branch in Lahore, the company is positioned as a new entrant in Pakistan's Family Takaful sector, distinguished by what it claims to be the highest initial paid-up capital in the segment at PKR 2 Billion, backed by business houses from Kuwait and Pakistan.

The company operates a unit-linked Takaful product architecture structured around a Waqf (Participant's Takaful Fund) endowment model, with investment management conducted under Mudaraba and Wakalah principles and overseen by an internal Shariah Advisory Board. Its product portfolio centers on pilgrimage-linked savings: the Haazir Hajj Savings Plan, Umrah Savings Plan, and Regular Savings Plan, supplemented by Group Life Takaful and Corporate Takaful offerings for organizational clients. The core differentiator is an end-to-end Hajj value chain that integrates savings accumulation with on-the-ground Hajj facilitation through the associated company 5th Pillar Travel, which coordinates with the Ministry of Religious Affairs and approved Hajj Group Organizers.

Distribution is executed through a multi-channel model combining authorized agents, direct sales teams, and bank partnerships (notably Bank Islami, with which the company conducts staff training on Hajj and Umrah products). The customer base is primarily individual Muslim savers in Pakistan seeking Shariah-compliant structured savings solutions to fulfill religious obligations, with a secondary corporate segment for group protection. Marketing is supported through social media, financial awareness sessions, and corporate events; the company received the Transform Award 2025 in recognition of its brand transformation work. Revenue is generated through recurring Takaful contributions and unit-linked fund management fees, though specific revenue figures are not publicly disclosed.

Name

5th Pillar Family Takaful

Legal name

5th Pillar Family Takaful Limited

Website

https://5thpillartakaful.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

5th Pillar Family Takaful is a Pakistan-based, Shariah-compliant Family Takaful operator offering unit-linked Hajj, Umrah, and regular savings plans, plus group life and corporate protection, serving individual Muslims and corporate clients with end-to-end pilgrimage facilitation.

Ownership category

akta.pro rank

Product category

Family Takaful (Islamic Insurance)

NAICS

Insurance Carriers and Related Activities (524), Insurance and Employee Benefit Funds (5251)

SIC

Life Insurance (6311)

akta.pro primary industry

Group Life Waiver of Premium & Accelerated Benefit Riders (FSAIADAI)

akta.pro secondary industries

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)

Keywords

• Family takaful insurance
• Shariah-compliant savings
• Hajj savings plans
• Unit-linked takaful
• Group life protection

Headquarters

HQ city

Karachi

HQ country

Pakistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Takaful Contributions: Participants contribute to the Waqf (Participant's Takaful Fund/PTF) pool, which provides financial protection in case of pre-defined losses. The company acts as the Takaful Operator managing the fund based on Mudaraba and Wakalah principles.
2. Unit-Linked Investment Management: The saving component is managed through operating unit-linked investment funds. Contributions are invested according to Shariah principles in different avenues, with the Shariah advisor approving all investment modes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

5th Pillar Family Takaful provides Shariah-compliant family protection and savings insurance (Takaful) products to Muslims in Pakistan, including the Haazir Hajj Savings Plan, Umrah Savings Plan, Regular Savings Plan, and Group Life Takaful. Products are unit-linked, operating through a Waqf (endowment) fund structure with investments approved by a Shariah Advisory Board. The company offers an end-to-end value chain—via its associated company 5th Pillar Travel—covering savings accumulation through to Hajj travel and return.

Product overview

5th Pillar Family Takaful operates as a Family Takaful (Islamic insurance) company in Pakistan with the highest initial paid-up capital of PKR 2 Billion, backed by business houses from Kuwait and Pakistan. The company offers a portfolio of Shariah-compliant savings and protection products centered around Hajj and Umrah pilgrimage financing: the Haazir Hajj Savings Plan (unit-linked product with end-to-end Hajj facilitation), Umrah Savings Plan, Regular Savings Plan, and Group Life Takaful for corporate clients. The company also provides associated Hajj/Umrah facilitation services through its sister company 5th Pillar Travel. The products are unit-linked investment funds managed according to Shariah principles, with all investment modes approved by the company's Shariah Advisory Board.

Differentiator

Problem solved

Functional benefit

Products and services

• Haazir Hajj Savings Plan A unit-linked Family Takaful plan combining Takaful (Islamic insurance) protection with a savings component, designed to help Muslim individuals in Pakistan accumulate funds to perform the Hajj pilgrimage. Includes full and partial withdrawal options, death benefit (higher of face value or cash value), and end-to-end Hajj facilitation services via sister company 5th Pillar Travel.
• Umrah Savings Plan A Shariah-compliant Takaful savings plan that helps Muslim individuals accumulate funds to perform Umrah, providing savings protection components similar to the Hajj plan.
• Regular Savings Plan A structured unit-linked Takaful savings plan designed for long-term financial goals, offering participants a savings vehicle while maintaining Shariah-compliant Takaful protection coverage.
• Group Life Takaful A group-based Shariah-compliant Takaful protection product offering life coverage to members of an organization, providing financial security to nominated beneficiaries.
• Corporate Takaful Corporate group protection and savings solutions designed for businesses in Pakistan seeking Shariah-compliant employee benefit programs.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• 5th Pillar Travel Private LimitedcoreStrategic or Co-development PartnerAssociated company that facilitates customers of 5th Pillar Family Takaful for complete Hajj-related services. Works in alliance with Ministry of Religious Affairs (MoRA) and approved Hajj Group Organizers (HGOs) to provide end-to-end value chain services from savings to Hajj travel and return.

Scale indicators1 record

Expansion highlights5 records

Direct peers

• Takaful Pakistan Family: Takaful Pakistan Family is a Pakistani Family Takaful operator providing Shariah-compliant protection and savings plans to individuals and groups. Directly comparable as a same-segment Takaful competitor serving the same Pakistani Muslim retail market.
• Pak-Qatar Family Takaful: Pak-Qatar Family Takaful is one of Pakistan's leading dedicated Family Takaful operators, offering Shariah-compliant life insurance and savings plans. Directly competes with 5th Pillar Family Takaful in the same Pakistani Family Takaful segment with overlapping product structures.
• Dawood Family Takaful: Dawood Family Takaful is a Pakistani Family Takaful operator offering Shariah-compliant savings and protection plans. Directly comparable as a same-category Takaful competitor in Pakistan targeting similar retail Muslim customers.
• Salaam Takaful: Salaam Takaful is a Pakistani Takaful operator providing family and general Takaful solutions. Comparable as a direct peer in the Pakistani Takaful market with overlapping individual and group protection offerings.

Emerging players

• Faisal Takaful: Faisal Takaful is a smaller Pakistani Takaful operator offering family and general Takaful products. Comparable as an emerging peer in the same Pakistani Takaful segment, competing for similar retail and corporate customers with a smaller scale.

Broad incumbents

• Adamjee Life Assurance: Adamjee Life Assurance is a well-established Pakistani life insurance company with Shariah-compliant offerings. Comparable as a broad incumbent in life and family Takaful, though its scale and product breadth exceed 5th Pillar's.
• State Life Insurance Corporation of Pakistan: State Life Insurance is Pakistan's largest state-owned life insurer with a dominant share of the life insurance market. Comparable as a broad incumbent with extensive distribution reach and government backing, though its product set skews conventional rather than Takaful.
• Jubilee Life Insurance: Jubilee Life Insurance is a major Pakistani life insurer with Takaful operations. Comparable as a broad incumbent offering unit-linked and traditional life insurance plus Takaful products to the same Pakistani market segment.
• Askari Life Insurance: Askari Life Insurance is a Pakistani life insurer backed by the Askari Group with Shariah-compliant products. Comparable as a broad incumbent in life insurance with Takaful offerings competing for the same Muslim retail and corporate customers.
• EFU Life Assurance: EFU Life Assurance is one of Pakistan's largest life insurance companies with a dedicated Takaful window (EFU Takaful). Serves as a broad incumbent in life insurance with Shariah-compliant Takaful offerings that overlap with 5th Pillar's products, though at significantly larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@5thPillarFamilyTakafulLimited
• Facebookfacebook.com/5thPillarTakaful
• LinkedInlinkedin.com/company/5thpillartakaful
• Instagraminstagram.com/5thpillartakaful

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 5th Pillar Family Takaful