Pak-Qatar Group (PQG), Pakistan’s premier and pioneer Islamic financial services group, has signed a Memorandum of Understanding (MoU) with the Institute of Financial Markets of Pakistan (IFMP). This collaboration aims to develop skills and knowledge in Takaful and Islamic financial services, ensuring alignment with regulatory standards and ethical practices.

This partnership will focus on developing learning and development programs to enhance Islamic finance and Takaful expertise. IFMP’s pool of trained and certified professionals will be accessible to PQG, offering expertise in new and complex financial market products. The collaboration will also provide a platform for research, idea exchange, and consulting services on financial market issues. This initiative addresses Pakistan’s capacity constraints and enhances investor confidence through improved knowledge standards.

PQG will gain access to expert opinions and solutions for financial market issues, a forum for discussions on topics relevant to government entities and regulators in Pakistan, IFMP’s information repositories, and consulting services on financial market matters.

Mr. Waqas Ahmad, Chief Executive Officer of Pak-Qatar Family Takaful Limited (PQFTL), expressed enthusiasm about the collaboration, stating: “We are pleased to collaborate with IFMP and are excited to access their pool of talented individuals with expert knowledge on financial markets to our human capital. This is part of our initiatives to continuously move forward to provide the best Islamic financial solutions to our customers as Pak-Qatar Group is committed to providing expertise for making financial decisions for their secure financial future along with technology-based innovative products and services with industry best customer services.”