Tag: takaful

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has granted approval to the country’s sole reinsurer to offer sharia-compliant reinsurance, part of efforts...

LAHORE: Lahore-based Asia Insurance Company Ltd will seek shareholder approval next week to offer Islamic insurance (takaful) products, the latest insurer seeking to expand into the sector.

Growth of takaful (Islamic insurance) business is rebounding, fuelled by improved economic conditions across its core markets and increased underwriting needs from the broader Islamic banking sector, a study found.

ISLAMABAD: The insurance sector of country is set for a boost in competition which could help spread the uptake of insurance after the industry regulator allowed conventional firms to offer sharia-compliant products (takaful) earlier this year.