Pak-Qatar Family Takaful Announces Waqas Ahmad as New CEO

Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Shariah-compliant Family Takaful solutions, is excited to announce the appointment of Mr. Waqas Ahmad as its new Chief Executive Officer (CEO). With a distinguished career spanning over three decades in the Takaful and insurance industry, Mr. Ahmad brings a wealth of experience and expertise to his new role.

A Distinguished Career in Takaful and Insurance

Mr. Waqas Ahmad’s extensive career in the Takaful and insurance sectors is marked by significant achievements across various domains. His expertise includes Life Insurance/Takaful underwriting and servicing, product development and innovation, re-Takaful arrangements, strategic partnerships, digital transformation, and technology integration. Notably, he has been instrumental in establishing and leading new Takaful ventures, demonstrating a knack for strategic leadership and operational excellence.

Leadership Experience and Strategic Vision

Before he was appointed CEO, Mr. Ahmad held several key positions that equipped him with a profound understanding of the Takaful industry. As the Chief Operating Officer (COO) at PQFTL, he gained deep insights into the company’s operations and values. His tenure as Executive Director at Salaam Takaful saw him lead the launch of a new Family Takaful company, further solidifying his reputation as a dynamic leader. Additionally, he was a founding member of the Operations Team at Al Rajhi Takaful in Saudi Arabia, where he successfully launched Life Takaful operations.

Academic and Professional Credentials

Mr. Ahmad’s impressive professional journey is supported by a robust academic background. He is a certified Director from the Institute of Chartered Accountants of Pakistan (ICAP) and holds a Post-Graduate Diploma in Islamic Finance (PGD). He also earned an MBA in Marketing and is a Fellow of the Life Management Institute (FLMI) as well as an Associate of Customer Services (ACS) in insurance. These qualifications underpin his deep industry knowledge and strategic acumen.

Confidence from the Board

Mr. Kamran Saleem, Director of Pak-Qatar Family Takaful, expressed his confidence in Mr. Ahmad’s leadership, stating, “We are certain that his deep industry knowledge, diverse experience, and commitment to Islamic values will be key in leading Pak-Qatar Family Takaful to further success.” This endorsement reflects the board’s trust in Mr. Ahmad’s ability to steer the company towards new heights.

Vision for the Future

Upon his appointment, Mr. Waqas Ahmad shared his excitement about leading PQFTL. “I am thrilled to return to Pak-Qatar Family Takaful and lead its exceptional team. Together, we will continue to steer PQFTL towards sustainable growth and drive innovation to deliver even greater value to all our stakeholders,” he said. His vision emphasizes sustainable growth, innovation, and enhanced stakeholder value, aligning with the company’s mission and strategic goals.

Under Mr. Ahmad’s leadership, Pak-Qatar Family Takaful is poised for a transformative journey. With a focus on digital transformation, strategic partnerships, and product innovation, PQFTL aims to strengthen its position as a leader in the Shariah-compliant Takaful market. The company’s commitment to providing comprehensive and ethical financial protection solutions remains steadfast, and Mr. Ahmad’s leadership is expected to propel PQFTL toward even greater achievements.

Mr. Waqas Ahmad’s appointment as CEO marks a significant milestone for Pak-Qatar Family Takaful. His extensive experience, strategic vision, and commitment to Islamic values are set to drive the company towards a prosperous future. As PQFTL continues to innovate and expand, stakeholders can look forward to enhanced services and solutions that align with their financial and ethical needs.