Home »Stocks and Bonds » Pakistan » SECP issues Family Takaful License in DFTL’s favour

  • News Desk
  • May 23rd, 2008
  • Comments Off on SECP issues Family Takaful License in DFTL’s favour
The Securities Exchange Commission of Pakistan (SECP) has issued a 'Family Takaful License' (Islamic Life Insurance) in favour of Dawood Family Takaful Ltd (DFTL).

The main sponsors of 'DFTL' are 'First Dawood Group' (FDG consists of First Dawood Investment Bank, BRR Guardian Modaraba, Dawood Capital Management and Dawood Islamic Bank), Gulf Cap (based in the UAE), Habib Metropolitan Bank, Allied Bank, Sitara Chemicals, Nagina Group besides other renowned local institutions and individuals.

"DFTL' is being headed by a Malaysian, Abdul Halim Nasri, who has got over 21 years of pure Takaful experience from Malaysian, Indonesian and Saudi markets. 'DFTL' is hopeful that it will be able to further enforce the concepts of Takaful amongst the masses to create awareness and new methods of Islamic mutual protection.-PR

Copyright Business Recorder, 2008


the author

Top
Close
Close