22.08.2012 - Pakistan Takaful companies file petition against new rules
Pakistanís five Takaful companies have filed a petition against new rules which would allow conventional insurance operators to operate Takaful windows. The petition protesting against the new regulations was filed in a court in the Sindh province. However, on Thursday (16 August) the court adjourned the case and a date for the next hearing has not yet been fixed. Vaseeq Khalid, Senior Associate at Mohsin Tayebaly & Co which represents the Takaful operators, was quoted by Reuters as saying that the next hearing could be in two to three weeks, while the court's initial injunction blocking the rules remains in place...............................................Full Article: Source
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