The Security Exchange Commission of Pakistan (SECP)’s move to push Sharia-compliant Takaful risk coverage in Pakistan is probable to benefit millions and to triple the percentage of citizens with insurance coverage, in which Pakistan ranks lowest in …
The Pakistan Economy Watch (PEW) noted SECP’s move to push Sharia compliant risk coverage in Pakistan is to benefit millions. The move could triple insurance density and penetration in which Pakistan ranks lowest in the region.
Takaful, for example, …
Takaful is coming out globally as a very viable model and being used successfully as engine of growth in a number of Muslim countries. The statement came from Chief Executive Officer Pak-Qatar Takaful, Pervaiz Ahmad while speaking at Lahore Chamber of …
The World Congress of Muslim Philanthropists (WCMP) and Pakistan’s Islamic microfinance institution Farz Foundation have signed a Memorandum of Understanding. The foundation and the WCMP will cooperate in developing Shari’ah-compliant product based…
Islamic Banking Department was set up in Pakistan on 15th September, 2003 and has been authorized with the task of promoting & developing the Shariah Compliant Islamic Banking as a parallel and compatible banking system in the country. Islamic Bank…
The State Bank of Pakistan has awarded Silkbank with an Islamic banking license.
The bank will be initially aiming Pakistan’s main population centers, Karachi, Lahore, Islamabad and Faisalabad.
Inspite of the extraordinary potential of the country, financial institutions in Pakistan are still not taking Islamic micro financing seriously.
According to Al Baraka Bank Chief Operating Officer Ahmed Shuja Kidwai, Islamic micro finance is notably i…
The growth of low-cost carrier flydubai is almost double compared to its launch in October 2010 in Pakistan despite heavy competition and slump in the industry.
The aviation industry has an important role in strengthening ties between UAE and Pakistan,…
The World Congress of Muslim Philanthropists (WCMP) and Pakistan’s Islamic microfinance institution Farz Foundation have singed a Memorandum of Understanding to further empower their partnership.
The two will work together in developing Shariah compl…
The Islamic Development Bank’s community development workshop has the purpose to empower Muslim NGOs in different parts of the world by offering them necessary training to boost their leadership skills.
Prominent leaders of Muslim organizations and i…
