19.07.2012 - Existing firms allowed to offer Islamic insurance products
The Securities and Exchange Commission of Pakistan (SECP) has allowed existing companies to offer Takaful products which would prove to be a major initiative for expansion of the Islamic insurance network in the country. Muhammad Ali Chairman SECP told reporters here on Tuesday that allowing traditional insurance companies to offer Islamic products is a big development. “Takaful-widow has been provided to existing insurance companies.”..............................................Full Article: Source
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