IslamicFinance.de

Takaful is coming out globally as a very viable model and being used successfully as engine of growth in a number of Muslim countries. The statement came from Chief Executive Officer Pak-Qatar Takaful, Pervaiz Ahmad while speaking at Lahore Chamber of Commerce and Industry.
He added that, despite of the fact that it is an untapped market, Islamic mode of banking and all its tools are fast gaining ground in Pakistan when compared to conventional mode of banking.
It seems that Islamic financing products such as Murabaha, Ijara, Musharaka and Islamic Export Refinance, etc, are catering to a diverse cross-section of the economy, including corporate, SME and consumer sectors.