BAFL 45.66 Increased By ▲ 0.56 (1.24%)
BIPL 20.08 Decreased By ▼ -0.17 (-0.84%)
BOP 5.34 Decreased By ▼ -0.06 (-1.11%)
CNERGY 4.54 Increased By ▲ 0.01 (0.22%)
DFML 16.01 Increased By ▲ 0.33 (2.1%)
DGKC 78.62 Increased By ▲ 5.74 (7.88%)
FABL 27.80 Increased By ▲ 0.65 (2.39%)
FCCL 18.86 Increased By ▲ 1.21 (6.86%)
FFL 8.96 Decreased By ▼ -0.13 (-1.43%)
GGL 12.85 Increased By ▲ 0.21 (1.66%)
HBL 111.54 Increased By ▲ 0.88 (0.8%)
HUBC 122.23 Increased By ▲ 0.71 (0.58%)
HUMNL 7.69 Increased By ▲ 0.34 (4.63%)
KEL 3.29 Increased By ▲ 0.06 (1.86%)
LOTCHEM 27.80 Increased By ▲ 0.48 (1.76%)
MLCF 42.36 Increased By ▲ 3.03 (7.7%)
OGDC 110.37 Increased By ▲ 2.37 (2.19%)
PAEL 18.97 Increased By ▲ 1.41 (8.03%)
PIBTL 5.46 No Change ▼ 0.00 (0%)
PIOC 114.91 Increased By ▲ 6.91 (6.4%)
PPL 94.72 Increased By ▲ 2.97 (3.24%)
PRL 25.32 Increased By ▲ 0.44 (1.77%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 64.32 Increased By ▲ 1.22 (1.93%)
SSGC 12.26 Increased By ▲ 0.37 (3.11%)
TELE 8.36 Increased By ▲ 0.17 (2.08%)
TPLP 13.35 Increased By ▲ 0.24 (1.83%)
TRG 83.84 Increased By ▲ 2.23 (2.73%)
UNITY 25.89 Increased By ▲ 0.14 (0.54%)
WTL 1.54 Increased By ▲ 0.02 (1.32%)
BR100 6,308 Increased By 126.6 (2.05%)
BR30 21,973 Increased By 434.1 (2.02%)
KSE100 61,691 Increased By 1160 (1.92%)
KSE30 20,555 Increased By 366.1 (1.81%)

KARACHI: The Pak-Qatar Asset Management Company Limited (PQAMCL) has announced that the Security and Exchange Commission of Pakistan (SECP) has accorded approval for launch of its Shariah Compliant Collective Investment Schemes (mutual funds). The PQAMCL is going for IPO of its funds.

The PQAMCL obtained its licence to operate as an asset management company and investment adviser in December of 2021.

The company has obtained approval to launch three Shariah Compliant funds along with six plans catering to the needs of masses. The PQAMCL, being part of a group having strong Takaful arms, plans to augment Takaful benefits with its investment plans.

At the launch ceremony, the CEO of PQAMCL, Farhan Shaukat, said: “We are pleased to announce obtaining approval to offer a wide variety of Shariah Compliant Collective Investment Schemes with a flavour of Takaful, which are unique in the existing market and which allow our customers to diversify their investment portfolio. We are also the second company that is exclusively offering the Shariah Compliant Collective Investment Schemes in Pakistan.”

“We aim to encourage our customers to invest in our funds that are designed specifically for their investment needs. We are looking forward to providing the best investment solutions in the country to our customers,” he said.

The PQAMCL has a vision to “improve people’s lifestyles through the right investments with Riba-free returns”. “With our expertise, we aim to offer our valued customers the best-in-class technology-based, advanced investment solutions, mutual funds, and investment advisory services,” he added.

The Pak-Qatar Asset Management Company Limited is a part of the Pak-Qatar Group, which comprises the Pak-Qatar Family Takaful Limited (PQFTL), Pak-Qatar General Takaful Limited (PQGTL), and Pak-Qatar Investment Limited (PQIL). The group has been operating in Pakistan since 2007 and has a rich and diverse experience of more than 15 years in providing protection and investment solutions through Takaful.

The PQAMCL is registered with and supervised by the SECP. Qualified Shariah scholars certify all products and operations when it comes to Shariah compliance.

Copyright Business Recorder, 2022


Comments are closed.

Shafique Ahmed Sep 24, 2022 08:07am
I think it is excellent initiative of Pak Qatar for invested. Majority of retired people's wants to invest in Pak Qatar group. I hope that after this announcement invested will contact Pak Qatar for Investment because Pak Qatar is a pioneer and leading company in Pakistan in Takaful Industry. Excellent efforts God Bless you.
thumb_up Recommended (0)

PQAMCL announces approval of Shariah Compliant Collective Investment Schemes

PSO allowed Rs3.21 per litre exchange rate adjustment

Only photovoltaic cells exempted from sales tax: FBR

Climate plans: Over 130 nations agree to include food, agriculture

DPC proposes ‘appropriate’ changes in statute

Govt reaffirms its commitment to protect CPEC projects, workers

UN conventions bind Pakistan to protect rights of refugees: SC

Transport for visiting ministers: Embassy in UAE seeks more funds

Federal govt employees: Guidelines issued for grant of compensatory allowance

Roosevelt Hotel sell-off: PC Board approves appointment of FA

‘Green channel facility’: 57pc of imported consignments cleared at ports