Pakistan: First digital general takaful company approved
Source: Middle East Insurance Review | Mar 2026
Pakistan’s insurance and takaful sector has marked a significant milestone as the Securities and Exchange Commission of Pakistan (SECP) has granted a licence to First Digital Takaful Company, making it the country’s first Shariah-compliant, digital-only general takaful operator.
First Digital Takaful is a wholly owned subsidiary of Rawalpindi-based HealthTech MedIQ Smart Healthcare.
According to an official announcement, the SECP approval enables First Digital Takaful to offer a fully end-to-end digital customer journey, covering onboarding, contribution payments, digital certificate issuance, and claims management. The registration introduces a new operating model within Pakistan’s takaful industry, allowing a general takaful operator to function entirely through digital channels without physical branches.
Commenting on the approval, Dr Saira Siddique, CEO and founder of MedIQ, said that the registration reflects a shift in how takaful can be delivered in Pakistan. “Digital-only takaful models have the potential to make Shariah-compliant protection more accessible, affordable, and inclusive. By leveraging technology and digital distribution, we can significantly expand the reach of takaful across Pakistan.”
First Digital Takaful’s proposed product portfolio includes health, personal accident, auto, travel, devices, assets, agriculture, livestock and income protection. M