Pak-Qatar Group (PQG), a leading pioneer in Pakistan’s Islamic financial services sector, has entered into a strategic partnership with ILMA University to bolster the talent pool in the Islamic finance and Takaful industry. This collaboration, formalized through a Memorandum of Understanding (MoU), marks a significant milestone in addressing the industry’s growing demand for skilled professionals while advancing the quality of financial services in the sector.
The initiative seeks to bridge the capacity gap in Pakistan’s Islamic finance and Takaful sectors by leveraging ILMA University’s expertise in business and technology. As part of the agreement, ILMA University will supply a steady stream of well-trained professionals to Pak-Qatar Family Takaful Limited, enabling the organization to enhance its service quality across various fields. This collaboration is expected to play a crucial role in ensuring the availability of skilled resources for an industry that continues to expand rapidly in Pakistan.
Kamran Ali Khan, Head of Human Resources and Training at Pak-Qatar Group, expressed optimism about the partnership, emphasizing its alignment with the company’s goals of delivering innovative and customer-focused Islamic financial solutions. “We are pleased to access ILMA University’s pool of talented individuals with expert knowledge in business and technology,” he said. “This initiative supports our commitment to providing the best Islamic financial solutions and expertise to our customers. By incorporating innovative products and industry-leading customer service, we aim to ensure a secure financial future for our clients.”
This collaboration also reinforces Pak-Qatar Group’s broader objective of fostering innovation and excellence within the Islamic finance industry. By working closely with academic institutions like ILMA University, PQG aims to cultivate a new generation of professionals capable of driving growth and innovation in the sector. The partnership underscores the importance of academia-industry collaboration in addressing the evolving needs of Pakistan’s financial landscape.
The demand for Islamic finance in Pakistan has seen exponential growth over the years, fueled by a rising awareness of Sharia-compliant financial solutions and their potential to cater to a diverse clientele. Institutions like Pak-Qatar Group have been at the forefront of this expansion, offering a comprehensive range of Islamic financial services, including Takaful, to meet the needs of individuals and businesses alike.
ILMA University, recognized for its strong emphasis on business and technological education, is well-positioned to contribute to this endeavor. By equipping students with the necessary skills and knowledge, the university will play a pivotal role in shaping the future of Islamic finance in Pakistan. The MoU not only strengthens the synergy between academia and industry but also sets a precedent for similar collaborations aimed at enhancing the talent pool in specialized sectors.
This partnership is expected to yield long-term benefits for both parties and the broader Islamic finance ecosystem. As Pak-Qatar Group continues to expand its footprint in the financial sector, this collaboration will ensure that it remains equipped with the expertise and innovation needed to meet evolving customer demands while maintaining its leadership in the Islamic finance industry.