LAHORE - Pak-Qatar Family Takaful (PQFTL) has recorded 120 percent growth in its Takaful Business in 2010 which grew to Rs 1.04 billion rupees as compared to previous year of Rs 466 million. PQFTL recorded 66 percent growth in its branch network which increased to 44 branches in 21 cities of the country. P Ahmed, Director and Founding CEO of PQFTL said The companys performance is evident of the need for Shariah Compliant financial solutions, for individuals as well as for corporate. He further said Pak-Qatar Family Takaful (PQFTL) was the first Takaful Company in Pakistan to declare a Surplus of 15 percent for its individual customers for the financial year ending 2009. The company has registered tremendous growth despite economic recession which speaks highly about the acceptance of Takaful by the masses. PQFTL, sponsored by some of the leading financial institutions from the State of Qatar, is part of Pak-Qatar Takaful Group which offers innovative and need-based Takaful solutions to individuals and corporations. The company began its operations in 2007.