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Tag Archives: riba

‘One size doesn’t fit all’

‘One size doesn’t fit all’

The origin of the modern Islamic banking system can be traced back to the very birth of Islam when the Holy Prophet Muhammad (Peace Be Upon Him) himself acted as an agent for his wife’s trading operations. Islamic partnerships known …

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Takaful industry has potential growth

Takaful industry has potential growth

Good time to target tech-savvy people and to identify protection and concept of Takaful Interview with Muhammad Nasir Ali Syed — CEO, Pak-Qatar General Takaful Limited PAGE: Tell me something about yourself and your organization, please: Muhammad Nasir Ali Syed: I …

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Sukuk is gaining popularity globally

Sukuk is gaining popularity globally

From last few years, sukuk is leading in the global capital market and currently it is the substantially growing Islamic financial instrument. As sukuk, is the Shariah-compliant bond that defies the factor of riba (interest) and satisfied the Islamic law …

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The future of Takaful in Pakistan

The future of Takaful in Pakistan

The year 2019 has been good for the Takaful in Pakistan. This is evident from the performance of the Takaful Industry. The annual gross contribution of the Takaful Industry has risen to Rs.10.98 billion in 2019 registering an increase of …

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