The Chief Executive Officer of Pak-Qatar Asset Management Company Limited under the authority delegated by the Board of Directors has approved the following distributions for the month of October 2022.
| Fund Name | Per Unit Cash Dividend (Pak Rupees) |
| Pak-Qatar Monthly Income Plan | 0.8808 |
The above entitlement will be distributed to the unit holders, whose names appear in the register of unit holders at the close of business on October 26, 2022.
The Chief Executive Officer of Pak-Qatar Asset Management Company Limited under the authority delegated by the Board of Directors, has approved the following interim distributions for the period ended September 29, 2022.
| Fund Name | Per Unit Cash Dividend (Pak Rupees) |
| Pak-Qatar Islamic Stock Fund | 0.2350 |
The above entitlement will be distributed to the unit holders, whose names appear in the register of unit holders at the close of business on September 29, 2022.
Sincerely,
Umair Karim
CFO & Company Secretary
Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) recently announced IPO of its Shariah Compliant Collective Investment Schemes (Mutual Funds) with Islamic Stock Fund as the first to be launched among the three (03) funds. PQAMC will shortly offer other two (02) Shariah Compliant Mutual Funds, i.e., Islamic Income Fund and Islamic Money Market Fund.
PQAMC obtained its license to operate as an Asset Management Company and Investment Advisor in December, 2021. The Company is sponsored by Pak-Qatar Family Takaful Ltd., the pioneer Family Takaful Company in Pakistan and FWU AG, Munich, the leading German Life Insurer & Asset Manager operating in Europe and the Middle East.
Mr. Farhan Shaukat, CEO, PQAMC said, “On behalf of PQAMC, I am pleased to announce the launch of Islamic Stock Fund. We shall continue to offer our customers with the best Shariah Compliant investment solutions so that they may easily diversify their investment portfolio. We shall shortly be offering Islamic Income Fund and Islamic Money Market Fund, which will allow our customers to invest based on their risk appetite.”
Pak-Qatar Asset Management Company is a part of the Pak-Qatar Group, which comprises of Pak-Qatar Family Takaful Limited (PQFTL), Pak-Qatar General Takaful Limited (PQGTL), Pak-Qatar Investment Limited (PQIL) and PQAMC. PQAMC is sponsored by PQFTL, PQIL and FWU AG, Munich. 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. PQAMC is registered with and supervised by, the Securities and Exchange Commission of Pakistan (SECP). Qualified Shariah Scholars certify all products and operations for Shariah compliance.
Karachi: Pak-Qatar Asset Management Company Limited (PQAMCL) recently announced that SECP has accorded approval for the launch of its Shariah Compliant Collective Investment Schemes (Mutual Funds). PQAMCL is going for IPO of its funds. PQAMCL obtained its license to operate as an Asset Management Company and Investment Advisor in December, 2021.
The Company has obtained approval to launch three (03) Shariah Compliant funds along with six (06) plans
catering needs of masses. PQAMCL, being a group company having strong takaful arms will augment Takaful benefits with its investment plans.
Mr. Farhan Shaukat, CEO, Pak-Qatar Asset Management Company Limited said on the launch occasion, “We are pleased to announce obtaining approval to offer a wide variety of Shariah Compliant collective investment schemes with a flavor of Takaful which is unique in the existing market that allows our customers to diversify their investment portfolio. 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”
PQAMCL has a vision to “improve people’s lifestyles through the right investments with Riba-free returns”. With our expertise, we aim to offer our valued customers with the best-in-class technology advanced investment solutions, mutual funds, and investment advisory services.
Pak-Qatar Asset Management Company Limited 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 Securities and Exchange Commission of Pakistan (SECP). A Qualified Shariah Scholars certify all products and operations for Shariah compliance.
Press has been published in the following dailies;
December 08, 2021 (MLN): Pak-Qatar Asset Management Company Ltd (PQAMCL), a newly-incorporated company of the Takaful Group has been granted a license by the Securities and Exchange Commission of Pakistan to offer asset management and investment advisory services, sources informed MG News earlier today.
“PQAMCL with its Sharia-compliant investment solutions will be an addition to Pak-Qatar Takaful Group’s portfolio currently providing protection and risk mitigation solutions through Family Takaful and General Takaful (life and non-life Islamic insurance) in Pakistan,” the source added further.
There are 20 AMCs operating in Pakistan with Rs891 billion worth of assets under management.
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