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Leveraging BancaTakaful As A Key Growth Channel by Mr. Rohail Ali Khan
Leveraging BancaTakaful As A Key Growth Channel by Mr. Rohail Ali Khan
as a
Key Growth Channel
Challenges and Opportunities
Rohail Alikhan, DCEO
Pak-Qatar General Takaful
Pak-Qatar General Takaful
• Part of PQT Group offering both Life & General Takaful Cover
• Combined paid up capital of Rs. 840 million
• Sponsors are Qatari Islamic Banks, Islamic Insurance Companies, &
Investment Mgmt Firms
• Just our top three sponsor banks alone have a combined shareholder
equity of over QR 14 billion (USD 3.8 billion) and total assets under
management of over QR 95 billion (USD 26.12 billion), making us the
strongest General insurance company in Pakistan
• A-Rated Shariah-compliant reinsurance companies
• Registered and supervised by the Securities & Exchange Commission of
Pakistan (SECP)
• An independent Shariah Supervisory Board, chaired by Mufti Muhammad
Taqi Usmani, certifies all Takaful products and business operations for
Shari’ah compliance
• State-of-the-art business technology from Malaysia and in SAP ERP
solutions complemented by specialized human resources
Takaful is a Growing Opportunity
• Muslim countries represent 23% of emerging market GDP
– 11% of Insurance premiums (USD45bn) written in these
countries
3. Contractor’s All Risk Takaful: covers contract works against risks such as
fire, earthquake, malicious damage, storm, flooding, lack of skill, 3rd party
liability, etc.
4. Erection All Risks Takaful: covers erection works against risks such as fire,
earthquake, malicious damage, storm, flooding, lack of skill, 3rd party liability.
5. Principal’s Advance Consequential Loss Takaful: covers consequential
loss resulting from losses covered under CAR and EAR policies.
Products Ideal For Fixed Assets
Financing
1. Marine Cargo Takaful
2. EAR
Reinforced by accurate and usable data, the organization will use its
processes and rewards, to create a culture and behavior which result in
a customer-focused and profitable institution.