Pakistan takaful industry opens to general insurers
The Securities and Exchange Commission of Pakistan has issued revised takaful rules for 2012 allowing conventional insurance companies to open takaful window operations.
Takaful was started in Pakistan in 2005 when the SECP introduced Takaful Rules 2005 which stipulated that only fully fledged takaful companies could operate in this regard.
Five takaful companies came
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