Pakistan, Aug. 2 -- Pak-Qatar Family Takaful Limited (PQFTL) has been upgraded to an 'AA' Insurer Financial Strength (IFS) rating with a Stable Outlook by VIS Credit Rating Company Limited, becoming the first and only Family Takaful operator in Pakistan to achieve this milestone. The upgrade from A++ reflects PQFTL's strong financial position and commitment to Shariah-compliant practices, setting a new industry benchmark.

As of end-2024, PQFTL has grown its market share from 26% in 2022 to an impressive 47%, reaffirming its role not only as a key player but also as a trailblazer in the Family Takaful sector.

Commenting on this milestone, Mr. Waqas Ahmad, CEO of Pak-Qatar Family Takaful, stated: "We are immensely proud to be the first de...