Dawood Family Takaful Limited

Dawood Family Takaful Limited won fast growth Award rank # 23 "Best Takaful Company in pakistan" Dawood Family Takaful Limited ("DFT") was incorporated in Pakistan as an unquoted public interest company on 4th May 2007 under the Companies Ordinance, 1984 bearing registration number K - 0060797. The Company received the certificate of registration on 16 May 2008 having registration number 5 under the provision of Section 6 of the Insurance Ordinance, 2000. The company is regulated by Securities and Exchange Commission of Pakistan (Insurance Division) (www.secp.gov.pk). The registered office of the Company is situated at 1701-A, Saima Trade Towers, I.I. Chundrigar Road, Karachi. The principal business activity of the Company is to undertake family takaful business in accordance with the Insurance Ordinance 2000, Insurance Rule,2017 and Takaful Rules, 2012. The Pakistan Credit Rating Agency (PACRA) has upgraded the Insurer Financial Strength (IFS) rating of DFTL to “A”.The rating denotes a strong capacity to meet certificate holders and contractual obligations. The rating reflects DFTL’s ability to continue capturing takaful volumes.Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. The Company hold assets in fiduciary capacity on behalf of its certificate holders, therefore cannot classified as medium sized or small sized company.