Takaful industry has robust future.

• Author: Haider, Ali
• Position: Azeem Iqbal Pirani

Byline: ALI HAIDER

Offerings, opportunities within technology, conducive investment environment and collaboration making industry more dynamic

Takaful activities in the health and life sector can be evaluated through a comprehensive set of key performance indicators

Pak-Qatar Family Takaful wholly committed to contribute to the ongoing progress of Takaful in Pakistan

Interview with Mr. Azeem Iqbal Pirani - CEO, Pak-Qatar Family Takaful Limited

Profile

Azeem's most important role is that of a home educating father and spouse of a home educating mother. They started this adventure in 2008 when they took all their children out of school to begin the process of learning without the involvement of a school. Given this most important role he ends up spending a lot of time trying to assess how to contribute towards a better society for future generations.

On the professional front he is the CEO of Pak-Qatar Family Takaful (PQFTL), the first and largest dedicated Takaful group in Pakistan. On the social front, he is one of the founding trustees at Ihsaas Trust, a provider of microfinance, for developing a sustainable livelihood for the economically challenged, and social support.

A PGD in Islamic Banking and Finance from the Centre of Islamic Economics in Pakistan, an MBA in International Business from the University of New Brunswick in Canada, and a BBA in Finance from the University of Houston in the USA are his academic credentials.

PAGE: What do you think about the growth prospects of the Takaful sector?

Azeem Iqbal Pirani: The growth prospects of the Takaful sector are indeed promising. As an ethical and Shariah-compliant alternative to conventional insurance, Takaful has gained significant traction globally and within Pakistan. With increasing awareness of Islamic finance principles, a growing Muslim population, and a rising demand for socially responsible risk mitigation solutions, the Takaful sector is positioned for rapid growth. The sector's potential is further enhanced by innovative product development, strategic partnerships for easy accessibility, and regulatory support that fosters a conducive environment for its expansion.

PAGE: How to measure the performance of Takaful activities in the health and life sector?

Azeem Iqbal Pirani: The performance of Takaful activities in the health and life sector can be evaluated through a comprehensive set of key performance indicators. These include factors such as penetration rate, membership...