Chairman Pak-Qatar Family Takaful and Pak-Qatar General Takaful companies Sheikh Ali bin Abdullah Al-Thani, member of royal family of Qatar has said that despite global financial crisis Qatar Family Takaful and Pak-Qatar General Takaful companies have done exceptionally well in the first nine months of the current year.

Sheikh Ali bin Abdullah Al-Thani expressed these views in a statement after chairing the board of directors meeting held in Doha recently. Qatar Islamic Insurance Company, Qatar International Islamic bank, QIB, Amwal, QNB, Fawad Yusuf Securities and FWU AG have jointly formed PQFTL and PQGTL.

Sheikh Ali said despite the difficult socio-economic conditions, the two companies performed exceedingly well in the first nine months of this year. "The future of takaful in Pakistan is promising and we will continue to support this initiative and will provide maximum possible assistance to promote Takaful in Pakistan", he added.

The discussions in the board meeting also shed light on opportunities and challenges facing the Takaful industry in Pakistan. Sheikh Ali said that we believed that Pak-Qatar Takaful has the financial strength and expertise to safeguard participants' investments and meet the long-term investment needs of the people in Pakistan.

The meeting was also attended by Izzat al-Rashid (Qatar Islamic Insurance Company), Abdulbasit A al-Shaibei and Zahid Hussain Awan (International Islamic), Choudhry Mohamed Wasi (QIB), Mark Diab (Amwal) Ali Abdullah Darwesh (QNB), Fawad Yusuf (Fawad Yusuf Securities), and Sohail Jaffer (FWU AG). Chief executive officers, P Ahmed and M Vaqaruddin represented PQFT and PQGT respectively.