ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday collaborated with the International Islamic University Islamabad’s (IIUI) International Institute of Economics to conduct a workshop on insurance and takaful.
The purpose of the workshop was to enhance financial knowledge among the students and teachers as well as to bridge the gap between academia and industry. The workshop included Shariah status and criticism of insurance and takaful, distinct models of takaful practiced around the globe, a legal and regulatory framework of takaful, the potential of takaful industry and challenges faced by the industry.
SECP Insurance Director Syed Nayyar Hussain, EFU Life Assurance Actuarial Services Department head Ali Qureshi, Pak Qatar Family Takaful Limited Sales Director Saeed Chaudhry, and senior faculty members of the university addressed the workshop on the occasion.
In accordance with a memorandum of understanding (MoU) signed between SECP and IIUI, the event was a continuation of a series of programmes that are being organized recurrently to disseminate financial knowledge among students and teachers. The participants appreciated the efforts of the SECP and IIUI for bringing the academia and the insurance industry together.
