First Takaful Insurance, owned at 53.447% by International Financial Advisors (IFA), is investing in an Islamic insurance [4] company to be established in Pakistan.
The amount of the investment, approved by First Takaful’s board of directors, was set at 3 million USD.
The new Pakistani insurer will focus its activity on marketing a savings insurance product.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Ffirst-takaful-invests-in-an-insurance-company-in-pakistan&text=First+Takaful+invests+in+an+insurance+company+in+Pakistan
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Ffirst-takaful-invests-in-an-insurance-company-in-pakistan&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-giants-of-the-net
[4] https://www.atlas-mag.net/en/article/takaful-insurance-0