Corporate | Takaful Pakistan Limited | Shariah Insurance Pakistan

A New Takaful Brand with unmatched and highly experienced leadership - Ready to play a leadership role in the industry Board of Directors

Mr. Salim Habib Godil


Salim Godil is a renowned owner of a highly reputable business conglomerate with over USD100 million of turnover and interests in automotive retail (Pakistan’s largest Toyota retailer), transport (Pakistan’s largest private taxi operator), travel (Pakistan’s largest travel agency), construction and real estate. He is also the Chairman of Pak Limousine Services, The company is the pioneer in radio cab business with its brand Metro Radio Cab. He is also serving as the chairman of Striet Pakistan Pvt Ltd, largest privately owned armored vehicle manufacturer in the country. Overtime the group of companies has diversified into real estate, travel, security services and man power business.

Mr. Rizwan Hussain

Managing Director & CEO

An insurance/Takaful industry stalwart with 25+ years of insightful and successful association with a leading conventional insurance company, as Executive Director, having worked across distinctive organizational functions right from insurance sales, marketing, and customer service to executive level strategy formulation, corporate account management, risk and claims management. Recognized for progressing from being a messenger boy in the company back in 1990, gradually being promoted to several management positions one after the other, courtesy a consistent track record of success, which is markedly unique and unmatched. Alongside his accolades, he is an MBA & a Certified Director.

Mr. Shahzad Salim Godil

He is a graduate in management sciences from Clark University, Massachusetts, USA in the year 2008. With major in business management and dual minor in economics and entrepreneurship. Have been working in the group of companies since 2008 in the capacity of director. He has played an instrumental role in expanding the group in to different fields of business. He is serving as Director in following companies. 1. Toyota Central / Society / Shahrah-e-Faisal. 2. Pak Limousine Services. 3. Streit Pakistan Pvt. Ltd. 4. Metro Security Services Pvt. Ltd. 5. Central Facilitation Agency Pvt. Ltd. 6. Automall. 7. Central Builders and Developers

Mr. Syed Salman Hussain

He is a Mechnical Engineer from NED University Karachi and also holds a Masters degree in Business from Cranfield University, United Kingdom. He has been the Director and CEO of one of the largest Vehicle Tracking & Fleet Management Company of Pakistan. He has an extensive Management Consulting experience with McKinsey Middle East and have consulted various state-owned institutions in Middle East along with private firms across the region. like McKinsey, International Finance Corporation and World Bank. He also having stakes in other business ventures such as satellite vehicle tracking, rent a car & a food chain in pakistan

Mr. Ahmed Shuja Kidwai

Mr. Ahmed Shuja Kidwai has extensive experience in senior management positions. He is serving with Al Baraka Bank Pakistan Limited as Chief Executive Officer looking after business units including Corporate & Investment, Retail Commercial and Consumer Banking, Treasury and Financial Institution. His track record is a result oriented professional with strong management, business and financial skills. He carries over thirty nine years’ experience in operational banking management.

Mr. Ashraf Ali Velji

Mr. Ashraf Ali is professional and highly experienced banker. He is serving as a Chief Financial Officer for renowned Financial Institution, House Building Finance Company Limited. He holds MBA in (Banking and Finance). Ashraf Ali has in-depth exposure working on a Senior Positions with International operation of United Bank Limited. He brings his rich experience and extra ordinary skills to the Board of Directors of Takaful Pakistan Limited.

Syed Tariq Husain

Mr. Husain is a Former CEO/MD of Takaful Pakistan Limited. He has also been associated with Takaful Pakistan as a director/chairman since 2007. Mr. Husain is well-known as a veteran banker in financial circles particularly the banking and insurance for his vast experience in top positions. Prior to joining Takaful Pakistan, he was the founding CEO of the formerly Emirates Global Islamic Bank (later merged with AlBaraka Bank), and has served at senior level positions both in Pakistan, Gulf, UK and Canada with renowned groups wiz Spicer and Pegler, Arthur Young Clarkson Gordon, Ministry of Finance - Govt. of Ontario, Price Waterhouse Coopers (A.F. Fergusons & Co.), Pakistan Emerging Ventures Limited, ANZ Bank, Dubai Investment Group, Emirates Investment Group, and Hunar Foundation. Mr. Husain has also led establishment of various food and agri projects mainly in the gulf region, particularly the GCC in partnership with leading international food and agri companies at Emirates Investment Group (a leading private equity investor) where he served as Chief Executive Officer. Besides various accolades and certifications, he is a qualified Chartered Accountant from England & Wales and holds an MBA degree from York University, Toronto, Canada.

It’s not about money, Its about the people you have, and how you’re led... Management Team

We understand that no one leader, and not even any two, has the breadth of competence and depth of capacity to do anything of much significance alone. We believe that any successful organization needs a core leadership team of top executives who are aligned to accomplish specific goals as a cohesive, cooperative leadership unit. With our strong management team, our odds of success go way as our management team have players with different, complementary strengths that are all important to the business and who have:

  • Established relationships; i.e., they know and understand each other well and Core Group truly enjoy spending time together.
  • Extraordinary desire, drive, capacity, and competence to accomplish our goals.
  • Instinct and innate drive to work with each other and on what they can do to help the organization succeed.
  • Agreed to give credit for any and all success to everyone else so as to not compromise the odds of success by vying among themselves for credit or praise.
  • Committed to grow and empower others over time to behave and perform as they do.

Mr. Rizwan Hussain

Managing Director & CEO

MBA & Certified Director

Mufti Sajjad Ashraf Usmani

Shariah Advisor

Mr. Kamran M. Hanif

ACII Chartered Insurer

Senior Vice President - Operations (Motor)

Mr. Umair Ismail

BBA (Hons.)

Senior Vice President (Non-Motor)

Mr. Muhammad Irfan

Chief Financial Officer


Ms. Naheed Shiraz Merchant

Head of Legal, Compliance & Company Secretary

LLM (University of London)

Mr. Noman M. Zaidi

Head of Human Resource & Administration


Ms. Varda Rehman

Head of Internal Audit


Paid up Capital

Takaful Pakistan Limited was incorporated in June, 2006 with its registered head-office in Karachi. The authorized capital of the Company is Rs. 700 million. The issued, subscribed and paid-up capital of the Company is Rs. 612 million. The Company is sponsored by reputable financial institutions both local and foreign in the following manner:

1. House Building Finance Corporation:

House Building Finance Company Limited (HBFCL) is Pakistan's leading housing finance institution. To date, HBFCL has financed around 456,256 units for Rs.47.82 billion, successful recoveries of Rs.64 billion (inclusive of mark up) and has a housing portfolio of Rs.14.6 billion. At present the Company is handling over 77,666 operative accounts with a work force comprising of 951 officers and support staff. The Company operates throughout Pakistan including Azad Kashmir and Northern areas.

2. Al Baraka Bank (Pakistan) Limited (ABPL)

Al Baraka Bank (Pakistan) Limited (ABPL) is the result of a merger between Al Baraka Islamic Bank Pakistan (AIBP), the branch operations of Al Baraka Islamic Bank (AIB) Bahrain and Emirates Global Islamic Bank (Pakistan). With assets in excess of Rs. 113 billion; a workforce of over 2500 professionals and a network of around 185 branches in 100 cities and towns across Pakistan, Al Baraka Bank (Pakistan) Limited is devoted in providing customers with a range of Shariah compliant products to suit their banking needs.

3. Sitara Chemicals Industries Limited

SCIL was incorporated in 1981 as principal activities include operation of Chlor-Alkali plant and textile unit. The company is listed on all three stock exchanges of Pakistan. SCIL began producing caustic soda in 1985, initially at a rate of 30 metric tones Caustic a day. The plant’s capacity was gradually increased over years to current level of 610 metric tons a day.In addition, various by-product facilities have been added and expanded from time to time to cope with growing demand.

4. Mal Al-Khaleej Investment LLC, UAE (One of the companies of the prestigious Al-Rajhi Group)

Al Rajhi Group is one of the largest business conglomerates in the Middle East with companies operating in diversified, sectors including but not limited to, Banking, Investments, Services, Transportation, Aviation, Tourism amongst others. The Group’s strength can be well understood by the fact that only one entity Al Rajhi Bank has asset base of around 85 billion USD.

5. Trust Securities and Brokerage Limited

Al Rajhi Group is one of the largest business conglomerates in the Middle East with companies operating in diversified, sectors including but not limited to, Banking, Investments, Services, Transportation, Aviation, Tourism amongst others. The Group’s strength can be well understood by the fact that only one entity Al Rajhi Bank has asset base of around 85 billion USD.