Pak-Qatar Asset Management Company Announces Launch of New Shariah Compliant Islamic Stock Fund

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.

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