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Karachi: Pak-Qatar General Takaful (PQGTL) recently signed an MoU with HashMove (a global multi-modal logistics platform) to provide online Takaful coverage for cargo (Sea/Air/Warehousing & Land) for businesses in Pakistan. The purpose of this agreement is to enter into a strategic collaboration, enabling Marine & Fire Takaful service for Sea/Air and Land Cargo and commodities trading via digital mediums allowing corporates, businesses, customers of HashMove logistic platform such as Importers, of Freight Forwarders, Customers of Ground Transportation, Customers of Warehousing companies within Pakistan.
This is the first time a Takaful Insurance company provides the digital coverage to the logistics businesses allowing them to conduct their export and import with full coverage. The companies aim to achieve at target of issuing at least 1000+ coverage / year to begin with.
Talking at the occasion, CEO of Pak-Qatar General Takaful, Muhammad Nasir Ali Syed said: “The need of marine coverage by Takaful through digital channel will open a new door for the businesses to grow at a much faster rate with convenience at fingertips. This is the need of the hour and my team is fully committed to extend cooperation and support where needed. Pak-Qatar Takaful has always maintained the position of a leader and firmly believes in offering innovative products through interesting projects and this time we are very excited to offer coverage through our business partner HashMove.”
Sarfaraz Alam, CEO HashMove stated; "Pak-Qatar General Takaful is the leading Takaful coverage provider in Pakistan and a trustworthy name for settling claims against losses. We are glad that our customers within Pakistan & South Asia will be able to avail Takaful coverage on real time basis. This is the one of the biggest milestones in the logistics industry in Pakistan and we have witnessed upward growth since last 2 years. I congratulate the team of HashMove & Pak-Qatar General Takaful on this fruitful venture."
Pak-Qatar General Takaful Limited (PQGTL) is one of the leading General Takaful companies in Pakistan. The company commenced its operations in 2007. Pak-Qatar General Takaful Limited offers comprehensive General Takaful (Non-Life insurance) products’ portfolio for corporate customers as well as individual clients. Incorporated in 2006, and beginning operations in 2007, the company is registered with, and supervised by, the Securities and Exchange Commission of Pakistan (SECP). An independent Shari’ah Advisory Board chaired by Mufti Muhammad Hassaan Kaleem certifies all products and operations for Shari’ah compliance. Mufti Muhammad Taqi Usmani was the founding Chairman of the group’s Shari’ah Advisory Board since inception and named Mufti Hassaan Kaleem as his successor in 2019.
The company is rated “A” (Single A) with Stable Outlook by PACRA and ‘A-’ (Single A Minus) with ‘Stable’ Outlook by the JCR-VIS Credit Rating Company Limited.
PQGTL has a vision of providing financial protection through Takaful to everyone. The company’s shareholders include some of the strongest financial institutions in the state of Qatar such as Qatar Islamic Insurance Company (QIIC), and Qatar International Islamic Bank (QIIB). The company is further strengthened by its Re-Takaful arrangements with Kuwait Re, Saudi Re, Arab Re, GIC and Pak Re.
Pak-Qatar General Takaful Limited has presence in major cities of the country. Pak-Qatar General Takaful Limited by adhering to the best practices set down in the Islamic Shariah and Pakistani law is engaged in providing risk mitigation services to its participants throughout Pakistan.
The company believes in technological advancement and has presence on all digital mediums thus enabling the customers to keep in touch 24/7 via modern web portals and mobile applications. The company has been recipient of several domestic and international awards.
HashMove® is a Dubai-based technology company, introducing a smart logistics marketplace connecting shippers and logistics providers to seamlessly engage in conducting global, multi-modal, end-to-end logistics transactions and simplify the experience of shipping goods. HashMove's marketplace for logistics gives users the ability to Search & Book shipments, view Pricing & Deals, Monitor & Track goods in real-time, across multiple logistics providers. Industry expertise coupled with the adoption of the latest technologies in IoT Tracking, Quality monitoring and Securing Shipments makes HashMove’s platform the leader in providing innovative digital logistics solutions. Strong regional ties and endorsements from government entities and industry experts is a testament to our credibility and capability.