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Islamic Finance Briefing - Categorized | Emerging Trends, Insurance (Takaful) more

Pakistan takaful rules to attract new players

Posted on 08 August 2012

Pakistan’s regulator has introduced new takaful (Islamic insurance) rules designed to boost competition and lift the sector’s market share by allowing the entry of conventional players, prompting a legal challenge from takaful providers.
The rules, launched last month, make Pakistan the second country after Indonesia to officially allow takaful windows, which enable firms to offer sharia-compliant and conventional products side by side, provided client money is segregated………………………………………..Full Article: Source

 
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