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Cover Stories

Takaful as a shield from the risk of losses

Takaful as a shield from the risk of losses

The insurance industry in Pakistan contributes almost 0.9 percent of the gross domestic product, of which Takaful industry shares 3 percent of the insurance industry, whereas insurance sector in India contributes 3.8 percent of total GDP and Turkey, where the …

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Takaful industry becoming greater in the world

Takaful industry becoming greater in the world

Shariah-compliant framework likely to be practice in Britain’s transactions next year The global Takaful industry is expected to experience strong growth driven by demand from Islamic countries according to speakers at World Takaful Conference, organized recently. Gulf Cooperation Council (GCC) …

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Paltry agricultural credit disbursement

Paltry agricultural credit disbursement

According to the details released by State Bank of Pakistan (SBP), during 2017-18 financial institutions have disbursed Rs972.6 billion as compared to disbursements of Rs704.5 billion during 2016-17, up nearly 38 percent. As a consequence, the outstanding portfolio to agriculture …

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