The global financial landscape is witnessing a remarkable shift towards ethical, transparent, and socially responsible financial systems. At the heart of this transformation lies Islamic finance, a system founded upon the principles of justice (Adl), mutual cooperation (Ta’awun), shared responsibility, and equitable distribution of wealth. Unlike conventional finance, Islamic finance discourages Riba (interest), Gharar (excessive uncertainty), and Maisir (gambling), while promoting real economic activity, asset-backed transactions, and responsible risk sharing. The Holy Qur’an clearly emphasizes the importance of mutual support and righteousness: “And cooperate in righteousness and piety, and do not cooperate in sin and aggression.” (Surah Al-Ma’idah 5:2) This…
Author: Syed Rizwan Akhtar
Shaheen Insurance Company Ltd. (SICL) is a group company of Shaheen Foundation, PAF which owns major shareholding of the Company. Shaheen Insurance was incorporated in 1995 as a public limited company, listed with Pakistan Stock Exchange (PSX) and also registered with the Central Depository Company of Pakistan (CDC). The shares of the Company are quoted and traded on PSX.Shaheen Insurance is one of the most reputable and brightest names in the insurance sector. Its sustained growth over the years has secured a prominent place among the reputed insurers of Pakistan. Shaheen also commenced Takaful operations in 2018. Shaheen Insurance Company…
Shaheen Insurance Company Ltd. (SICL) is a group company of Shaheen Foundation, PAF which owns major shareholding of the Company. Shaheen Insurance was incorporated in 1995 as a public limited company, listed with Pakistan Stock Exchange (PSX) and also registered with the Central Depository Company of Pakistan (CDC). The shares of the Company are quoted and traded on PSX.Shaheen Insurance is one of the most reputable and brightest names in the insurance sector. Its sustained growth over the years has secured a prominent place among the reputed insurers of Pakistan. Shaheen also commenced Takaful operations in 2018. Shaheen Insurance Company…
Shaheen Insurance Company Ltd. (SICL) is a group company of Shaheen Foundation, PAF which owns major shareholding of the Company. Shaheen Insurance was incorporated in 1995 as a public limited company, listed with Pakistan Stock Exchange (PSX) and also registered with the Central Depository Company of Pakistan (CDC). The shares of the Company are quoted and traded on PSX. Shaheen Insurance is one of the most reputable and brightest names in the insurance sector. Its sustained growth over the years has secured a prominent place among the reputed insurers of Pakistan. Shaheen also commenced Takaful operationsin 2018 through its Window…