KARACHI: Newly licensed by the SECP, Pakistan’s first Islamic digital insurer Salaam Family Takaful Limited (SFTL) and the Central Depository Company of Pakistan Limited (CDC) have entered an arrangement for the SFTL’s participation in the Centralized Information Sharing Solution for the Insurance Industry (CISSII) and the Centralized Insurance Repository (CIR) which are key cross-industry information sharing systems developed and administered by the CDC.
The agreement was signed by CEO of the CDC Badiuddin Akber and CEO of the SFTL Rizwan Hussain in the presence of Executive Director of the SFTL Syed Nayyar Hussain; COO of the CDC Abdul Samad; and other senior members of the companies.
The SFTL holds the distinction of being the first digital-only Islamic life insurance company in the region, persevering in its commitment and support towards the growth and development of the insurance industry in-line with the global trends of digitalization.
The CDC, besides being an integral capital market institution providing electronic custody of securities and settlement of trades, has been successfully playing the role of an enabler by providing innovative solutions to diverse segments of Pakistan’s financial landscape.
New president of the International Cotton Association Mohomed Bashir. — ICA website/file KARACHI: The Karachi...
This image uploaded on January 4, 2017, shows a Bank Alfalah branch. — Facebook/Sundar Interiors &...
The logo of BYD is seen outside a BYD car dealer on March 27, 2024. — ReutersKARACHI: Mega Motor Company Limited...
An undated image of gold bars. — AFP/FileKARACHI: Gold prices rose by Rs700 per tola on Thursday in the local market...
This image taken on January 13, 2024, shows Pakistani currency notes of thousands. — APP/fileKARACHI: ABHI has...
European Union flags flutter on the day European Central Bank President Christine Lagarde speaks to reporters...