Pak-Qatar Family Takaful Limited (PQFTL or the Company), a leading provider of Shariah-compliant family Takaful solutions in Pakistan, has announced its financial results for the year ended December 31, 2023. PQFTL is part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial conglomerate. PQFTL is rated ‘A++’ (having a Stable Outlook) by VIS Credit Rating Company Limited and Pakistan Credit Rating Agency (PACRA).

The Board meeting presided over by Sheikh Ali bin Abdullah bin Thani al-Thani, the Chairman of Pak-Qatar Group, discussed the financial results of the company for 2023 and its future plans for 2024 in the meeting held in Doha, Qatar. It was attended by the Directors – M/s. Said Gul, Abdul Basit Ahmad al-Shaibei, Ali Ibrahim Al Abdul Ghani, Zahid Hussain Awan and Muhammad Kamran Saleem.

Overview of Financial Performance:

Despite the hurdles faced in 2023, Pak-Qatar Family Takaful’s Shareholders Fund emerged victorious, posting a net profit after tax of PKR 156.30 Million with an EPS of PKR 1.20 per share. This positive outcome is a testament to our commitment to delivering value to our shareholders.