Pakistan - SIL receives takaful window operator licence
Source: Middle East Insurance Review | Nov 2016
Sindh Insurance Ltd (SIL) has received a license to operate a takaful window from the Securities and Exchange Commission of Pakistan (SECP) under Takaful Rules 2012.
This will make SIL the first public sector general insurance window takaful operator in Pakistan.
SIL will start takaful operations as “Sindh Window Takaful” offering a full range of Shariah-compliant products to its customers all over the country, said CEO M Faisal Siddique.
Mr S Aquib Hashmi will look after “Sindh Window Takaful” as Head of Takaful and Mr Mufti Adnan has been appointed as Shariah Advisor of the company, said Muhammad Raza, Head of Operations SIL.