What Pak Qatar Family Takaful does

Pak-Qatar Family Takaful Limited (operating since 2007, headquartered in Karachi) is a SECP-licensed private Shariah-compliant family takaful (Islamic insurance) operator that serves as part of the broader Pak-Qatar Group. The company delivers life protection, savings, retirement, education, and health coverage to individual, corporate, and government clients across Pakistan, including management of contributory pension schemes for civil servants in Khyber Pakhtunkhwa, Punjab, and Balochistan. Its product portfolio spans four segments: individual plans (Mahana Bachat & Takaful Flexi, Lifetime Kafalat, Voluntary Pension Scheme, Family Sehat); government pension administration; corporate group plans (EPF-linked savings, pay continuation, group family, group health); and bancatakaful distributed via Dubai Islamic Bank under the Hifz-ul-Maal plan.

The technology stack supporting these operations is an Islamic-finance platform comprising a Digital Account Opening portal, the PQFS mobile application (Android/iOS), the Elaaj healthcare portal linking policyholders to panel hospitals, online contribution collection, a corporate client portal, WhatsApp self-service, and a unit-linked fund management system covering Aggressive, Balanced, Conservative, Secure Wealth, Pure Saving, Mustehkam Munafa, Kafalat Pension, and Pure Protection funds. Distribution is multi-channel — physical branch network, licensed agent force, the PQFS and Elaaj apps, the corporate portal, and bancatakaful partnerships — with retakaful risk transfer handled through Qatar Islamic Insurance Company (QIIC).

The business model is subscription/recurring in nature, monetizing four streams: (1) recurring takaful contributions from policyholders, (2) investment income from managing participant unit-linked funds across equity, debt, and money market allocations, (3) Wakala agency fees and surplus/profit-sharing arrangements per Islamic finance principles, and (4) pension fund management fees from provincial government mandates. Pricing is customized per individual consultation with online calculators for indicative estimates; no public price tiers are disclosed.

Name

Pak Qatar Family Takaful

Legal name

Pak-Qatar Family Takaful Limited

Website

https://pqftl.com.pk

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Pak-Qatar Family Takaful Limited is a SECP-licensed Shariah-compliant family takaful operator in Pakistan, providing life, savings, retirement, education, and health coverage to individuals, corporates, and three provincial governments, distributed via branches, agents, digital apps, and Dubai Islamic Bank.

Ownership category

akta.pro rank

Product category

Family Takaful (Islamic Insurance)

NAICS

Insurance Carriers and Related Activities (524), Direct Life Insurance Carriers (524113), Health and Welfare Funds (525120), Pension Funds (525110)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

akta.pro secondary industries

Retakaful (Life & Health) (FSAIANAM), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Family takaful plans
• Shariah-compliant insurance
• Islamic pension schemes
• Group health takaful
• Savings and protection

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

Revenue model

1. Takaful Contributions/Premiums: Recurring contribution payments from participants under family takaful policies providing protection and savings coverage
2. Investment Income from Participant Funds: Returns generated from managing participant investment funds across various asset allocation strategies (equity, debt, money market)
3. Wakala Fees and Profit Sharing: Revenue from Wakala (agency) arrangements with policyholders sharing surplus/wakala fees as per Islamic finance principles
4. Pension Fund Management: Fees from managing government pension schemes for Khyber Pakhtunkhwa, Punjab, and Balochistan

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Pak-Qatar Family Takaful delivers Shariah-compliant family takaful (Islamic insurance) products including life protection, monthly-income savings plans, education funding, retirement/pension schemes, and family health coverage. The company serves individual consumers, corporate employer groups, and provincial government pension schemes, while distributing selected savings-linked products through Dubai Islamic Bank branches. It runs proprietary digital platforms for account opening, online contributions, and policyholder self-service across web and mobile.

Product overview

Pak-Qatar Family Takaful Limited operates as a Shariah-compliant family takaful (Islamic insurance) company in Pakistan, offering a comprehensive portfolio of products organized across four main segments: Individual products (Mahana Bachat & Takaful Flexi Plan, Lifetime Kafalat Plan, Voluntary Pension Scheme, Family Sehat), Government Pension schemes for Khyber Pakhtunkhwa, Punjab, and Balochistan provinces, Corporate products (Group Savings & Takaful Plan/EPF, Pay Continuation Scheme, Group Family, Group Health), and Bancatakaful through Dubai Islamic Bank via the Hifz-ul-Maal Takaful Plan. The company also provides additional offerings including Priority Takaful Plans, Flexi Savings Takaful Plan, Share N Care, Apni Bachat Saving & Takaful Plan, and ABC Education Takaful Plans. Digital services include PQFS App and Elaaj App for mobile access, along with Digital Account Opening, Customer Portal, Elaaj Portal, Corporate Portal, WhatsApp Self Service, Online Contribution Collection, and Vendor Registration Portal. As a pioneer of takaful in Pakistan, the company is part of the Pak-Qatar Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Mahana Bachat & Takaful Flexi Plan An individual savings and takaful plan that provides monthly income along with complimentary takaful protection coverage for individuals seeking regular income streams combined with family protection benefits.
• Lifetime Kafalat Plan An individual pension plan offering a lifetime guaranteed pension with complimentary takaful coverage, designed for retirement planning and long-term financial security.
• Voluntary Pension Scheme A Shariah-compliant voluntary pension scheme for individuals targeting retirement savings, offering tax benefits and flexible contribution options.
• Family Sehat A family health takaful plan providing Shariah-compliant health protection and coverage for individual customers and their family members.
• Group Savings & Takaful Plan (EPF) An Employee Provident Fund-linked group savings and takaful plan offered to corporate clients, combining systematic savings accumulation with group protection coverage for employees.
• Pay Continuation Scheme A corporate scheme that enables continued salary or pension payments to employees or their families in case of death or disability, providing income continuity protection.
• Group Family Takaful Group family takaful coverage designed for corporate employees, providing collective family protection benefits as part of employer benefit packages.
• Group Health Takaful Group health takaful coverage offered to corporate clients, providing medical protection and healthcare benefits for their employees.
• Hifz-ul-Maal Takaful Plan A bancatakaful savings and takaful product distributed through Dubai Islamic Bank branches, providing Shariah-compliant savings linked to the customer's banking relationship.
• Government Pension - Khyber Pakhtunkhwa (Pak Qatar GoKP Islamic Pension Fund) Pension fund management and retirement benefits administration for Khyber Pakhtunkhwa government employees through the Pak Qatar GoKP Islamic Pension Fund mandate.
• Government Pension - Punjab (Pak Qatar GoPB Islamic Pension Fund) Pension fund management and retirement benefits administration for Punjab government employees through the Pak Qatar GoPB Islamic Pension Fund mandate under the Punjab Pension Fund initiative.
• Government Pension - Balochistan Government pension scheme management and retirement benefits administration for Balochistan provincial employees under the provincial pension scheme.
• Priority Takaful Plans Premium-tier takaful plans designed for priority customers, offering enhanced benefits compared with standard individual plans.
• Flexi Savings Takaful Plan A flexible savings takaful plan offering customizable coverage and savings options for individual customers.
• Share N Care A takaful plan with shared benefit features that emphasizes cooperative, community-based protection among participants.
• Apni Bachat Saving & Takaful Plan A self-service savings and takaful plan that enables individuals to manage their own contributions and policy online.
• ABC Education Takaful Plans Education-focused takaful plans structured to fund and protect children's education expenses.
• PQFS Mobile App A mobile application for Android and iOS that gives policyholders account access, investment details, instant withdrawal, and financial management tools for their takaful policies.
• Elaaj Mobile App and Portal A mobile health application and companion web portal that connects takaful health policyholders with a network of panel hospitals for cashless treatment and healthcare services.
• Digital Account Opening An online service that enables customers to open takaful accounts digitally without having to visit a physical branch.
• Corporate Portal A dedicated web portal for corporate clients to manage group takaful policies, employee enrollment, and ongoing coverage administration.
• Online Contribution Collection A digital platform that enables the collection and processing of recurring takaful contributions from policyholders online.

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Dubai Islamic BankcoreChannel Partner/ Reseller/ DistributorBancatakaful partnership where Dubai Islamic Bank distributes Pak Qatar Family Takaful's Hifz-ul-Maal Takaful Plan to its customers through bank branches.
• Government of Khyber PakhtunkhwacoreStrategic or Co-development PartnerPak Qatar GoKP Islamic Pension Fund management for Khyber Pakhtunkhwa government employees with Equity, Debt, Money Market, and Equity Index sub-funds.
• Government of PunjabcoreStrategic or Co-development PartnerPak Qatar GoPB Islamic Pension Fund management for Punjab government employees as per Punjab Pension Fund initiative.
• Government of BalochistancoreStrategic or Co-development PartnerGovernment pension scheme management for Balochistan provincial employees.
• SECP (Securities and Exchange Commission of Pakistan)coreOthersRegulator providing oversight and licensing. Company participates in SECP SDMS (System for Data Management and Surveillance).

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Others

• Meezan Bank: Pakistan's leading Islamic bank with potential to host a bancatakaful product similar to PQFTL's Dubai Islamic Bank arrangement. Comparable in scale and Shariah-compliant orientation, currently a partnership opportunity and indirect adjacent.
• Dubai Islamic Bank Pakistan: Partner Islamic bank that distributes PQFTL's Hifz-ul-Maal bancatakaful product. Functions as a distribution channel and adjacent Shariah-compliant financial-services provider rather than a competitor.

Broad incumbents

• Jubilee Life Insurance: Leading Pakistani life insurer with strong bancassurance distribution (Habib Bank partnership) and unit-linked products. Overlaps with PQFTL in retail savings, retirement, and group life, but operates conventional rather than Shariah-compliant — a broad incumbent rather than direct takaful peer.
• EFU Life Assurance: One of Pakistan's largest conventional life insurers offering unit-linked, savings, and protection plans with bancassurance partnerships. Competes head-to-head with PQFTL on retail savings and group life but lacks a pure takaful franchise, making it a broad incumbent rather than a direct takaful peer.
• State Life Insurance Corporation of Pakistan: Pakistan's largest state-owned life insurer with a national branch network, group life dominance, and government employee pension business. Comparable in scale and government-pension orientation, though conventional rather than takaful.

Direct peers

• Dawood Family Takaful: Emerging Pakistani family takaful operator offering individual, group, and investment-linked takaful plans. Competes with PQFTL for retail customers and bancatakaful shelf-space within the same Shariah-compliant niche.
• Salaam Family Takaful: Pakistani family takaful operator with individual and group plans distributed via agents and partner banks. Smaller-scale direct takaful peer operating in the same retail and corporate segments as PQFTL.
• Pak-Qatar General Takaful: Direct sister-company peer operating within the Pak-Qatar Group as a general (non-life) takaful provider in Pakistan. Operates with the same Shariah governance, multi-channel distribution, and Qatari capital base, making it the closest functional peer for the family/life takaful line.
• Takaful Pakistan Limited: Pakistan's first standalone family takaful operator, directly competing in Shariah-compliant life, savings, and health protection. Most directly comparable takaful peer by product line and target segment.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Pqftlofficial
• YouTubeyoutube.com/channel/UCjHPa9VBT3IAbEw83v5IYkg
• Facebookfacebook.com/PqftlOffical
• LinkedInlinkedin.com/company/pqftlofficial
• Instagraminstagram.com/pqftl_official

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Pak Qatar Family Takaful