KUALA LUMPUR: Malayan Banking Bhd (Maybank) is exploring setting up an international takaful holding company with Jeddah-based Islamic Corporation for the Development of the Private Sector (ICD).
Continue reading "Maybank, Jeddah’s ICD sign MoU on global takaful business " »
KARACHI: The Eastern Federal Union (EFU) has planned to expand its business activities across Asia. EFU Managing Director Saifuddin N Zoomkawala stated this at a programme, organised by the 21st Century.
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Al Barka Islamic Bank and Takaful Pakistan Limited signed a Memorandum of Understanding (MoU) here on Friday to provide all kinds of Shariah complaint insurance services or to the Al- Barka Islamic Bank and its consumers.
Continue reading "Pakistan - MoU signed for Shariah complaint insurance services" »
IGI Insurance Ltd had launched its Home Cover plan, making it the latest addition to the line of insurance products it currently offers to its customers.
Continue reading "IGI Insurance launches new plan - Pakistan" »
ISLAMABAD: Prime Minister Shaukat Aziz here on Thursday approved three crucial insurance schemes, namely, Foreign Business Travellers Insurance Scheme, Crop Insurance Scheme and Micro Insurance Scheme for low-income borrowers.
Continue reading "Pakistan - PM widens scope of insurance schemes (Foreign Business Travellers Insurance, Crop Insurance and Micro Insurance for low-income borrowers)" »
DOHA: The first meeting of the board of directors of the newly formed Pak-Qatar Family Takaful Company and the Pak-Qatar General Takaful Company has elected Sheikh Ali bin Abdullah al-Thani as chairman of both the companies.
Continue reading "Qatar-Pakistan insurance firms elect Sheikh Ali as chairman" »
Islamic finance is on the upswing in the Middle East-Gulf-Pakistan-Asia region, a two-day Asia Finance Conference observed, and industry sources say the future potential is massive.
Continue reading "Islamic Finance On The Upswing" »
Having received their licenses from the Securities and Exchange Commission on the 16th of August 2007, Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited have commenced Takaful business in Pakistan.
Continue reading "Pak-Qatar Takaful Group commences family and general Takaful business in Pakistan" »
The Karachi Stock Exchange has received interest from a number of foreign bourses eyeing a minority stake in Pakistan's largest bourse, including the Dubai International Financial Exchange (DIFX), according to reports.
Razi-ur-Rahman Khan, Chairman of Securities and Exchange Commission of Pakistan, told Reuters that companies from the Middle East and Europe have inquired about taking a stake in the Karachi bourse.
Continue reading "DIFX eyes possible stake in Pakistan exchange" »
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