SECP proposes new Takaful Rules – Alfalah Securities Limited

Karachi, July 10, 2012 (PPI-OT): Securities and Exchange Commission of Pakistan (SECP) in response to industry’s demand has proposed new Takaful Rules which will allow the conventional insurance companies to offer Takaful products through their dedicated Shariah compliant window operations. The chairman of SECP is scheduled to formally launch the new Takaful Rules on Friday, July 13 at Karachi. Currently, only the dedicated Takaful companies are allowed to offer Takaful products and services.