Takaful Pakistan’s Islamic insurance vision

KARACHI: Takaful Pakistan Ltd, The Islamic Insurance’s vision is to spread Takaful as a viable alternative of conventional insurance to become the ‘top-of-the-mind’.

Chief executive officer Takaful Pakistan, Capt Muhammad Jamil Akhtar Khan during meeting with members and president of Karachi Chamber of Commerce and Industry (KCCI), Shamim Ahmed Shamsi, Friday gave a presentation on “Takaful-An Emerging Niche Market” and briefly explained the salient features of Takaful, an Islamic alternative to conventional insurance programme based upon a Shariah Complaint and approved concept.

He explained the concept of Takaful quoting certain references about Ta’awan and Takaful from Quran and Hadith in the context of cooperation and solidarity for the benefit of society, sharing of responsibility, and precedents for Islamic insurance and examples of early Islamic practices.

He highlighted the products range of Takaful Pakistan Limited in the avenues of marine, property, fire, engineering, motor, health and liabilities etc. He concluded that Takaful Pakistan strived to be the trendsetter in the contemporary insurance market by providing a viable Islamic alternative to insurance needs. staff report.