Pakistan to hold week-long Qur’an recitation event at Shah Faisal Mosque in Ramadan

In this picture taken on March 29, 2023, a muezzin responsible for performing the Islamic call to prayer, known as the Adhan, recites Holy Qur’an at the grand Faisal Mosque during the Muslim holy fasting month of Ramadan in Islamabad. (AFP/File)
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Updated 18 February 2025
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Pakistan to hold week-long Qur’an recitation event at Shah Faisal Mosque in Ramadan

  • Fourteen Qur’an reciters from all over the country to take part in competition from Ramadan 21-27
  • Shabeena is an event in which holy Qur’an, which has over 6,000 verses, is recited in up to three nights 

ISLAMABAD: Pakistan’s religion ministry announced on Tuesday it will hold a week-long Qur’an recitation event or ‘Mehfil Shabeena’ at the iconic Shah Faisal Mosque in Islamabad from Ramadan 21-27, saying that renowned reciters of the holy book from all over the country will partake in it. 

Shabeena is an annual event in which the entire holy Qur’an, which has over 6,000 verses, is recited in up to three nights during the last days of Ramadan. Muslims around the world visit mosques frequently in the last ten nights of Ramadan, considered the most blessed of the holy month and in which believers around the world spend late hours saying voluntary prayers and reading the Qur’an.

Among one of these odd-numbered nights, Muslims believe, is the “Night of Power” in which Islam says the first verses of the holy Qur’an were revealed to Prophet Muhammad (peace be upon him). Ramadan in Pakistan is expected to begin either at the end of February or beginning of March, depending on the sighting of the moon.

“Preparations are underway to hold the national Mehfil Shabeena from Ramadan 21-27 under the Ministry of Religious Affairs,” the religion ministry said in a statement.

It said that out of a total of 56 nominated Qur’an reciters from Pakistan’s four provinces, Islamabad, Gilgit-Baltistan and Azad Kashmir areas, only 14 have been selected to take part in the event. 

The ministry said four Qur’an reciters from Punjab, two each from Sindh, Khyber Pakhtunkhwa and Balochistan provinces have been selected for the event. One Qur’an reciter each from GB and Azad Kashmir have been selected. 

The Faisal Mosque is a landmark of Pakistan’s capital Islamabad, spread over 54,000 square feet that can accommodate over 250,000 people at a time.

It is the largest mosque in Pakistan and the fourth largest in the world, breaking from traditional Islamic structures like domes and instead built along clean modern lines resembling the tents used by nomadic Arab Bedouin tribes, with sloping roofs and a unique angular body.


Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

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Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

  • Pak-Qatar Family Takaful Limited’s initial public offering raises $3.2 million, says company
  • Company says remains committed to strengthening Pakistan’s Islamic financial eco-system

KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) became the first dedicated family Takaful operator to be listed on the Pakistan Stock Exchange (PSX), the company announced on Thursday, saying the development would strengthen the ecosystem for Islamic financial products and services in the stock market. 

PQFTL is the country’s first and largest dedicated shariah-compliant family risk-protection provider, holding 44 percent of the total family takaful market and more than 90 percent of the fully dedicated segment, with a nationwide presence of 73 branches and 1,971 field representatives.

The company announced in a statement last month it would offer 50 million shares, starting at a floor price of Rs14 per share ($0.05), with a ceiling of Rs21 per share ($0.07). Of the total issue, 37.5 million shares will be allocated to institutional investors, while 12.5 million shares will be offered to the general public.

In its latest statement, the PQTFL said the book building and public subscription portions of its Initial Public Offering (IPO) were oversubscribed by 3.2 times and 3.8 times, respectively, reflecting strong investor confidence in the company and Pakistan’s Islamic financial ecosystem.

“The IPO raised Rs901 million [$3.2 million], achieving a 29 percent premium, reflecting strong investor interest and positive market perception,” the statement said. 

“This historic milestone and response from investors underscore PQFTL’s exceptional financial resilience, strategic foresight, and unwavering commitment to Shariah-compliant excellence,” it added. 

The company said over 8,200 investors participated in the IPO, making it one of the highest investor turnouts in Pakistan’s insurance and Takaful sector. 

“The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” it said. 

Muhammad Kamran Saleem, a member of the board of directors of the PQFTL, said the company’s listing on the stock exchange was a “historic achievement.”

“The overwhelming response from investors demonstrates deep trust in our business fundamentals, Shariah governance standards and strategic vision,” he said. 

“We are grateful to Allah Almighty for this historic achievement and we remain committed to strengthening the Islamic financial eco-system and long-term sustainable value creation to all our stakeholders.”

PQFTL said the IPO proceeds will help it in meeting regulatory capital requirements, expand digital distribution channels, enhance product innovation and drive customer-centric growth initiatives.