Pak-Qatar Family Takaful Ltd., a leading Shariah-compliant insurance provider backed by Qatari institutional investors, is set to launch its initial public offering (IPO) in Pakistan next month, aiming to raise approximately $3.9 million. The offering comes at a time when Pakistan’s stock market has been witnessing strong momentum, with increasing investor confidence driving record-breaking rallies and renewed interest from both local and international investors.
The company will offer 50 million shares at a price of up to Rs. 21 per share through a book-building process. Shahid Ali Habib, CEO of Arif Habib Ltd., which is serving as the lead manager and book runner for the IPO, stated that the proceeds will be utilized to meet regulatory capital requirements, enhance digital capabilities, and launch new customer-centric products.
This IPO represents an important step for Pakistan’s Islamic finance industry, giving investors a fresh opportunity to participate in the growth of takaful — a Shariah-compliant alternative to conventional insurance. With increasing demand for ethical and compliant financial products, takaful has been gaining traction, particularly in segments of the population that remain underinsured.
The company’s ownership includes major Qatari financial institutions such as Qatar Islamic Insurance Co. and Qatar International Islamic Bank. Their involvement reflects Qatar’s deepening investment footprint in Pakistan and its growing role in supporting the expansion of the Islamic finance ecosystem in the region.
Proceeds from the IPO will enable Pak-Qatar Family Takaful to strengthen its balance sheet and accelerate its digital transformation strategy. The firm plans to expand its distribution network, improve online service delivery, and develop innovative takaful products tailored to Pakistan’s evolving insurance landscape. This includes tapping into underserved segments, increasing financial inclusion, and aligning with regulatory efforts to promote Shariah-compliant solutions.
Industry observers view this IPO as more than a fundraising event; it’s a signal of growing investor interest in Islamic finance instruments and their potential to transform Pakistan’s insurance market. Over the past few years, regulatory initiatives and digital adoption have made takaful more accessible, enabling providers to reach new customers and build trust through transparent, Shariah-aligned business models.
The upcoming listing is also expected to strengthen Qatar’s role as a key investor in Pakistan’s financial services sector. By supporting takaful expansion, it aligns with the government’s broader push for increased financial inclusion, encouraging more individuals and businesses to participate in formal financial systems.
As the IPO approaches, analysts expect strong interest from both institutional and retail investors, given the current positive market sentiment and the company’s solid backing. If successful, this offering may set the stage for additional takaful and Islamic finance listings in the near future, further diversifying Pakistan’s capital market landscape.
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