AlHuda CIBE Organized Specialized Training workshop on Takaful at Avari Hotel Lahore

The concluding ceremony of two day specialized workshop on Takaful ( Islamic Insurance )  held at Avari  Hotel, Lahore, organized by AlHuda Centre of Islamic Banking and Islamic Economics (AlHuda-CIBE) on 11th August , 2007. A considerable amount of representatives from Takaful & Islamic Banking, Finance , accountant & Insurance professional attended the Workshop  with enthusiasm. The purpose of this Specialized Workshop is to promote Takaful in the region and provide technical Skills to the insurance and Finance professional about the operational & Sharia  mechanism of Takaful .
Workshop was inaugurated by Prof. Dr. Khawaja Amjad Saeed, Principal Hailly Collage of Banking and Finance, Punjab University. Many research oriented technical papers were presented on the topic by Prominent Takaful & Islamic Banking professionals and Finance Experts -  Capt. M. Jamil Akhtar – CEO Takaful Pakistan, Prof. Dr. Khawaja Amjad Saeed, Principal Hailly Collage of Banking and Finance, Punjab University, Hamad Rasool – Director, WAPDA Sukuk Company, Mazhar Ali Bokhari – Head International Banking, Gulf African Islamic Bank – Kenya, Rizwan Ata – Regional Manager Meezan Bank, Mohammad Sohail Siddiqi – Country Head Consumer Banking AlBaraka Islamic Bank,  Azeem Pirani  - Head of Marketing Pak Qatar Family Takaful, Shoaib Soofi, Head of actury Ministry of Finance, Abdul Wadood, eminent Islamic Economics scholar and Zubair Mughal CEO AlHuda Centre of Islamic Banking led the workshop.

Capt. M. Jamil Akhtar – CEO Takaful Pakistan, while talking to the opening ceremony of the Al-Huda Workshop said that te quickly expanding Takaful network is the evidence of its bright future.  It has also attracted Foreign Direct Investment (FDI) into Pakistan as more companies are contemplating to open their networks in Pakistan.

Ali Bokhari – Head International Banking, Gulf African Islamic Bank said that Takaful is not confined to Pakistan only, ratherit is expanding worldwide including African countries. Dr. Khawaja Amjad Saeed, Principal Hailly Collage said that Punjab University is in the process of Training Insurance professionals in order to meet the dire need of human resources in this area.
Azeem Pirani in his technical paper emphasized on the benefits of Takaful and said that Pak Qatar Takaful Co is the first Takaful Company in Pakistan offering  Life Takaful.

Mr. Shoaib Soofi highlited the efforts by Government of Pakistan and SECP in developing the regulatory environment and Regulations. Mr Hamad Rasool explained the Opportunities and gaps for the bright future of Takaful business in Pakistan. Mr Hamad Rasool also explained the role of Takaful as a support servise to Islamic Banking and Finance in Pakistan.
Zubair Mughal CEO AlHuda Centre of Islamic Banking explained the Takaful Models in practice. He said that Wakalah- Waqaf Model is more effective than Mudaraba and other Models working in many other countries