Islamic banking, like any other banking system, is an evolving system worldwide. Since the inception of conventional banking system; work on the concept of Shariah compliant Islamic banking system was also started. A number of financial instruments are available in …
Read More »Islamic financial system of Pakistan is ripe and has bright prospect
Interview with Mohammad Shoaib (CFA) – CEO, Al Meezan Investment Management Limited PAGE: Tell me something about yourself and your organization: Mohammad Shoaib: I am the founding CEO of Al Meezan Investment Management Limited, the first and the only full-fledged Shariah …
Read More »Financial report of EFU General Insurance Ltd for 9 months
The financial experts of EFU General Insurance Limited recorded in the financial statements for the nine months period ended 30 September 2020 that the Written Premium of EFU General Insurance (including Takaful) for the nine months period increased by 2 …
Read More »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 …
Read More »Asia Insurance Company Limited
Asia Insurance Company Limited is one of the fastest growing Insurance Companies of Pakistan. The company offers various solutions which are inclusive, economical and tailored for its valued clients. The company’s aim is to provide a steady hand, helping people …
Read More »Insurance sector can take best benefits under exciting Pakistan economy ahead
Interview with Dr. Syed Arif Hussain — Insurance sector expert PAGE: What is the current state of the insurance sector in Pakistan? Dr. Syed Arif Hussain: The potential of insurance growth in Pakistan is too much in all areas of insurance …
Read More »COVID-19 improves rebound hope for insurance/takaful in medium to long-term
Customer support, more awareness and digital offerings must for future growth of insurance sector Interview with Muhammad Nasir Ali Syed – CEO, Pak-Qatar General Takaful Limited PAGE: Tell me something about yourself: Muhammad Nasir Ali Syed: I am vision-oriented person and …
Read More »Review of Pakistan’s insurance sector
The studies revealed that insurance is one of the main and significant fields of the economy. To protect people from risks and from dangers is the main part of the insurance. As we know in modern period there are too …
Read More »Under covid-19 test takaful/conventional insurance industry needs digital lifeline
Due to lockdown govt must pull Islamic Finance sector into essential services to resume its business activities PQGTL has advance technology to ensure its availability and continuity of services Interview with Muhammad Nasir Ali Syed – CEO, Pak-Qatar General Takaful …
Read More »A Review Of The Insurance Industry (Facts & Figures)
Key Information For The Period Ended September 30, 2019. (Conventional & Takaful) Nos Name of Company Gross Conventional/ Takaful Premium/ Contribution Breakup Net Conv./ Takaful Prem. Contribution Claims First Year Premium/ Contri. Renewal Premium/ Contri. Single Premium/ Contri. Group Policies …
Read More »The growing efficiency of Takaful Insurance
International experts revealed that it is mandatory for everyone in the developed world, to have a cover for unforeseen losses. On the other hand, the need of such an instrument is much greater in developing countries, as susceptibility to risk …
Read More »Towards understanding Takaful
As we are set to transform Pakistan in to Riyasat-i-Madina there is a need to discuss the future of Islamic Financial Institutions (IFI), specifically Takaful. Islamic finance has developed mainly in two sectors i.e. Islamic banking and Islamic insurance (Takaful). …
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