KARACHI: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently held a webinar on Understanding Takaful Products by the company. Shariah Advisory Board chairman Mufti Muhammad Hassaan Kaleem and Pak-Qatar Family Takaful CEO Azeem I Pirani were key speakers for the webinar.

Mufti Hassaan Kaleem while explaining the concept of Takaful stated, "The word 'Takaful' originates from the Arabic language and means "joint or mutual guarantee." Takaful is a community-pooling system based on the principles of brotherhood and mutual help wherein participants contribute in a common fund to help those who need it the most."

Copyright Business Recorder, 2020