16.01.2012 - Islamic banking gaining ground in Pakistan
Takaful, the Islamic mode of insurance, for being very transparent, is emerging globally as a very viable model and being used successfully as engine of growth in a number of Muslim countries. This was stated by Chief Executive Officer Pak-Qatar Takaful Pervaiz Ahmad while speaking at Lahore Chamber of Commerce and Industry on Saturday. LCCI Vice President Saeeda Nazar presented the welcome address while former Vice President Shafqat Saeed Piracha also spoke on the occasion. Pervaiz Ahmad said Islamic mode of banking and all its tools are fast gaining ground in Pakistan when compared to conventional mode of banking; though it is a highly untapped market as yet...............................................Full Article: Source
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