Pak-Qatar Family Takaful distributes 28% Surplus for 2019

By MG News | August 17, 2020 at 01:37 PM GMT+05:00

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August 17, 2020: Pak-Qatar Family Takaful Limited (PQFTL) has announced the distribution of 28 percent surplus among its Individual Family Takaful Participants (Direct Sales Force-DSF) for the year 2019.

The single-rate method has been adopted to calculate the Surplus and will be distributed amongst the participants through a defined manner in relation to the “Cumulative Net Contribution’ received in the IFTPF (Individual Family Takaful Participant Fund) by each participant.

Furthermore, the actual distribution of surplus will be carried out only to those Participants leaving the pool during the year 2020, by way of Permanent Withdrawal, Death or Maturity of the memberships.

It is important to note that in the year 2008, PQFTL had declared a surplus of 10%, which has seen consistent growth to reach 28% in the year 2019

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