KARACHI: Pak-Qatar Family Takaful (PQFTL) has recorded 120 percent growth in its Takaful business in 2010 to Rs1.04 billion as compared with previous year’s Rs466 million.
PQFTL recorded 66 percent growth in its branch network to 44 branches in 21 cities of the country.
Pak-Qatar Family Takaful (PQFTL) was the first Takaful company in Pakistan to declare a surplus of 15 percent for its individual customers for 2009.
The company has registered tremendous growth despite economic recession which speaks highly about the acceptance of Takaful by the masses. The company began its operations in 2007.
Courtesy by: The International News
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ReplyDeleteIslami Insurance System: The development force in the Turkish insurance industry 2011?
Will Islami Sigorta and Islami Bankalar develop in tandem with inevitable exponential growth of the online insurance model?
The United Kingdom & North American online model deals directly with consumers via the telephone and the Internet, freeing up capital that would otherwise be spent on employing insurance agents in the field and is extremely successful. The online model is inevitable. Would the development of Islami Sigorta & Islami Bankalar be possible in a competitive market?