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The Securities and Exchange Commission of Pakistan (SECP) allowed conventional insurance companies to offer takaful - the shariah-compliant version of insurance - products with the launch of Takaful Rules, 2012 on Friday.
Representatives of unconventional Takaful companies, however, boycotted the launch ceremony of the new rules in protest against the permission granted to conventional companies………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Insurance (Takaful) more
Conventional insurance firms allowed to offer takaful products
| Posted on 16 July 2012 |
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