Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Family Takaful solutions and part of Pak-Qatar Group, is pleased to announce that its Chief Executive Officer, Mr. Waqas Ahmad, has been elected to the Executive Committee of the Insurance Association of Pakistan (IAP) for the year 2024-26.
This appointment marks a significant milestone for the Takaful industry in Pakistan, as it provides a platform for greater representation and growth opportunities within the insurance sector. Mr. Ahmad’s election to this prestigious position reflects his extensive experience and expertise in the Takaful and insurance industry, spanning over three decades.
Mr Waqas Ahmad expressed his enthusiasm about the new role, stating, “I am honoured to represent Pak-Qatar Family Takaful and the wider Takaful industry on the IAP Executive Committee. This position will allow us to contribute meaningfully to the development and promotion of Shariah-compliant Takaful solutions in Pakistan that are technologically driven, innovative, and customer-focused.”
With his impressive track record in various domains, including life insurance/Takaful underwriting, product development, strategic partnerships, and digital transformation, Mr Waqas Ahmad is well-positioned to bring valuable insights to the IAP. This appointment is expected to strengthen Takaful’s position in Pakistan’s financial landscape and promote greater awareness and adoption of innovative Sharia-compliant Takaful solutions. It aligns with PQFTL’s vision of driving innovation and delivering value through technology to all stakeholders in the Islamic financial sector.
IAP was established in 1948. It is a dynamic and vision-driven association that represents Pakistan’s insurance and Takaful industry. The Association is licensed from the Ministry of Commerce, registered with the Securities and Exchange Commission Pakistan as a section 42 trade association, and a member of the Federation of Pakistan Chambers of Commerce & Industry. IAP strives to promote, support, and protect the status, common interest, and welfare of companies carrying out insurance and Takaful business in Pakistan.
