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'SBP policy to enhance Islamic banking share to 12 percent by 2012'  
The State Bank of Pakistan has made a five-year policy that would strengthen the regulation of Islamic banking in Pakistan and help increase its market share from present 4.5 percent to 12 percent by 2012; the new plan would be announced by the end of this month, said Pervez Said, Director Islamic Banking Department of SBP.
 
2nd International Conference & Exhibition on Islamic Banking & Finance. Organized by Al Huda CIBE on 25th August Lahore.
 
 
 
 
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Pak-Qatar Family Takaful Opens Branches in Nine Cities!
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Pak-Qatar Family Takaful Limited (PQFTL) has expanded its branch network in nine cities across Pakistan. This was announced in statement issued from Pak-Qatar Family Takaful today.

The cities where branches have been opened include Karachi, Lahore, Islamabad, Kotli (AJK), Peshawar, Faisalabad, Quetta, Hyderabad, and Gujrat.

Mr. P. Ahmed, Director and founding CEO of PQFTL while inaugurating the Karachi Branch on Tuesday said that following our vision of providing Takaful to every Pakistani, we are establishing our presence in different cities and towns across the country. He said “we are committed to make Family Takaful easily accessible to everyone”.

P. Ahmed said that nine network branches have so far sprung up in less than a year’s time is a sign of our commitment and vision of aggressive branch network expansion. By the year-end, PQFTL would have extended its presence to Sialkot, Multan, Sukhur, and Mirpur Azad Kashmir, he added.

PQFTL, the pioneers of Family Takaful in Pakistan, have also recently launched its protection-with-investment products such as Share ‘n Care Savings and ABC Child Education Protection Takaful. The company is 100% sponsored by financial institutions from the State of Qatar and Munich-based FWU AG.
 
 
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