PQAMCL granted asset management, investment advisory service license

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.