UIC to roll out takaful across Pakistan

Pakistan’s financial regulator has approved The United Insurance Company of Pakistan’s (UIC) plan to establish a takaful business, and the firm plans to start offering Islamic insurance this week. UIC is one of growing number of conventional insurers in the country lining up for permission to offer Shariah-compliant insurance services, a senior official at the Securities and Exchange Commission of Pakistan (SECP) told IFIS.