Sun, Oct 26, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Insurance (Takaful) more

Takaful: Rules of Islamic insurance

Posted on 08 August 2012

With the recent launch of Takaful rules, 2012, the Securities and Exchange Commission Pakistan (SECP) has allowed conventional insurance companies to roll out Takaful, or Islamic insurance, products through window operations. Irked by the SECP’s move, existing Takaful operators went to court and got a restraining order over the implementation of the new rules from the Sindh High Court on August 2.
Takaful operators say, the decision to allow conventional insurance companies to launch Islamic products will “distort” the segment, as window operators will conduct the Takaful business “in a manner against the principles of Sharia”………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031