Karachi: In a significant move to enhance Islamic financial expertise, Pak-Qatar Group (PQG), a leading provider of Islamic financial services in Pakistan, has partnered with the Institute of Financial Markets of Pakistan (IFMP). The collaboration, formalized through a Memorandum of Understanding, focuses on advancing skills and knowledge in Takaful and Islamic financial services while adhering to regulatory standards and ethical practices.
According to Pak-Qatar Family Takaful, the partnership aims to develop specialized learning and development programs that will deepen expertise in Islamic finance and Takaful. This collaboration will allow PQG access to IFMP’s pool of trained and certified professionals who bring expertise in innovative and complex financial market products. The initiative is designed to address the capacity constraints in Pakistan’s financial sector and boost investor confidence by elevating knowledge standards.
The agreement also provides a platform for research, idea exchange, and consulting on financial market issues, ensuring that PQG can tap into expert opinions and solutions for emerging financial challenges. Additionally, PQG will benefit from engaging in forums for discussion on topics relevant to government entities and regulators, accessing IFMP’s information repositories, and utilizing consulting services on various financial matters.
Mr. Waqas Ahmad, Chief Executive Officer of Pak-Qatar Family Takaful Limited, expressed his enthusiasm for the partnership, highlighting its potential to enhance the group’s human capital with top-tier financial expertise. “We are pleased to collaborate with IFMP and are excited to access their pool of talented individuals with expert knowledge on financial markets. This is part of our initiatives to continuously move forward to provide the best Islamic financial solutions to our customers,” he stated. Ahmad emphasized PQG’s commitment to offering top-notch customer service and innovative, technology-driven financial products that secure customers’ financial futures.