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PQAMCL announces approval of Shariah-compliant collective investment schemes

PQAMCL announces approval of Shariah-compliant collective investment schemes

PQAMCL announces approval of Shariah-compliant collective investment schemes

PQAMCL announces approval of Shariah-compliant collective investment schemes

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The Pak-Qatar Asset Management Company Limited (PQAMCL) has announced the approval for the launch of its Shariah-compliant collective investment schemes, a statement said.

After getting the approval from the Securities and Exchange Commission of Pakistan (SECP) for the launch of its mutual funds schemes, PQAMCL is going for the initial public offering (IPO) of its funds.

PQAMCL obtained its licence to operate as an asset management company and investment advisor in December, 2021.

PQAMCL Chief Executive Officer Farhan Shaukat said the management of the company is pleased to announce obtaining approval to offer a wide variety of Shariah-compliant collective investment schemes with a flavour of Takaful which is unique in the existing market.

“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 added.

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

PQAMCL has a vision to “improve people’s lifestyles through the right investments with Riba-free returns”. It aims to offer its customers with the best-in-class technology advanced investment solutions, mutual funds, and investment advisory services.

The company is a part of the Pak-Qatar Group, which comprises of 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.

PQAMCL is registered with and supervised by, the SECP. Qualified Shariah scholars certify all products and operations for Shariah compliance.

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