Pakistan’s largest family Takaful operator moves a step closer to listing as it plans to raise capital for digital growth, branch expansion, and brand development.
Pakistan’s first dedicated Islamic family Takaful company, Pak Qatar Family Takaful Limited, has officially kicked off its journey toward becoming a publicly listed company. The company has placed its draft prospectus on the Pakistan Stock Exchange for public review, inviting feedback ahead of its much-anticipated Initial Public Offering (IPO).
According to the announcement, stakeholders and investors can submit their comments on the draft prospectus until December 10, 2025, marking a key regulatory milestone before the IPO launch.
Market Leader in Pakistan’s Family Takaful Sector:
Pak Qatar Family Takaful currently dominates the family Takaful segment in Pakistan, holding an impressive 44% market share. In the niche of dedicated Takaful products, the company commands an overwhelming 90.47% share, reinforcing its leadership in Shariah-compliant insurance solutions.
Within the broader life insurance industry, the company controls 6.6% of the total market, highlighting its growing footprint beyond just Islamic insurance.
IPO Structure and Share Offering Details:
Here is a quick breakdown of the IPO structure:
• 75% of the issue (22.5 million shares) will be offered through the Book Building Method
• Floor price: PKR 10 per share
• Price band cap: Up to 40% (maximum PKR 14 per share)
• 25% of the issue (7.5 million shares) will be allocated to retail investors at the final strike price
• The retail portion will be fully underwritten, ensuring investor confidence and liquidity
Leading brokerage house Arif Habib Limited has been appointed as the lead manager for the IPO.
How Pak Qatar Plans to Use IPO Proceeds:
Pak Qatar Family Takaful has outlined a clear growth strategy for utilizing the funds raised through the public offering. The capital will be directed toward strengthening both operational and digital capabilities, including:
• Upgrading IT infrastructure and core insurance software
• Expanding and renovating branch network across Pakistan
• Human resource development and talent enhancement
• Brand-building and national marketing campaigns
• Boosting digital sales platforms and customer experience
These investments are expected to significantly improve service delivery, operational efficiency, and the company’s competitive edge in the rapidly expanding Islamic insurance market.
Strengthening Position in Pakistan’s Growing Takaful Industry:
With rising awareness of Shariah-compliant financial products and increasing demand for ethical insurance solutions, Pakistan’s Takaful industry is witnessing steady growth. Pak Qatar Family Takaful aims to leverage the IPO to further fortify its financial resilience, technological base, and market leadership.
The planned listing is expected to provide new growth momentum to the company while offering investors a rare opportunity to participate in the country’s largest family Takaful operator.
Pak Qatar Family Takaful’s move toward a public listing reflects strong confidence in Pakistan’s Islamic finance sector. As the public comment period remains open until December 10, 2025, all eyes are now on the upcoming IPO, which is poised to become one of the most significant listings in the Shariah-compliant financial services space.