KARACHI: The Securities and Exchange Commission of Pakistan (SECP) recently organised a roundtable discussion in Karachi titled “The Future of Takaful in Pakistan.” This event was part of SECP’s broader five-year strategic plan known as ‘Insured Pakistan.’
The half-day session brought together key stakeholders, including Shariah advisors, international insurance brokers such as AON and Guy Carpenter, and representatives from the insurance industry. The purpose of the gathering was to encourage collaboration and promote the development of the Takaful sector in Pakistan.
Led by the SECP’s Insurance Division under the guidance of Commissioner Mujtaba Ahmed Lodhi, the roundtable aimed to identify important policy and regulatory measures. These initiatives are designed to increase the market share of Takaful products and promote Shariah-compliant financial inclusion. Ultimately, these efforts are expected to contribute to Pakistan’s economic growth and support ongoing regulatory reforms.
In his welcome address, Commissioner Mujtaba Ahmed Lodhi appreciated the active participation of all attendees. He emphasized the importance of collective ownership in advancing the Takaful sector and reaffirmed SECP’s commitment to providing a facilitative regulatory environment. He also assured the industry of full support in implementing the future roadmap for Takaful in Pakistan.