KARACHI: VIS Credit Rating Company Limited (VIS) has assigned an initial Asset Manager rating of ‘AM2+’ (AM-Two Plus) with a Stable Outlook to Pak-Qatar Asset Management Company Limited (PQAMC).
The rating reflects high-quality asset management, underscoring strong governance, robust investment processes, sound risk management practices, and adherence to high industry benchmarks.
The AM2+ rating places PQAMC among asset managers demonstrating very good management characteristics, supported by institutional discipline and consistently strengthening operational depth. This recognition marks a significant milestone for PQAMC as it continues to scale its role within Pakistan’s Islamic asset management landscape.
PQAMC operates as part of the Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial services group. The company offers a growing suite of Shariah-compliant investment solutions designed to meet the evolving needs of both institutional and retail investors.
Commenting on the achievement, Farhan Shaukat, Chief Executive Officer of Pak-Qatar Asset Management Company, stated: “This rating is not merely an external validation; it reflects the discipline, governance culture, and long-term mindset we have deliberately built at PQAMC. In a market where trust is earned through consistency, this recognition reinforces our responsibility to investors and strengthens our resolve to set higher benchmarks for Shariah-compliant asset management in Pakistan.”
Within just three years of operations, PQAMC has achieved notable milestones, including Assets Under Management (AUMs) exceeding PKR 70 billion, alongside maintaining strong external validations. The company is also rated AM2 with a Positive Outlook by PACRA, reflecting sustained confidence in its governance framework and investment capabilities.
PQAMC recorded a 117% growth in AUMs during FY2024, positioning it among the fastest-growing pure-play Shariah-compliant asset management companies in Pakistan. The company manages a diversified portfolio of funds catering to corporate treasuries and individual investors alike.
Copyright Business Recorder, 2026
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