Pakistan’s conventional insurance firms will have to wait a few more weeks to learn if they can open takaful, or Islamic insurance, windows after a state court on Thursday adjourned a case challenging new regulations for the sector.
Pakistan’s five takaful operators filed a petition in a court in Sindh province, the country’s second-largest Islamic banking market, to protest the rules which allow conventional insurers to offer takaful services………………………………………..Full Article: Source