The Securities and Exchange Commission of Pakistan is a regulator established with the objective of developing a modern and efficient corporate sector, insurance, NBFCs and capital markets
The ultimate objective of IFD is to create a standardized and harmonized regulatory and supervisory framework, for a vibrant Islamic primary and secondary capital market.
SECP leadership visits Head Office building Project Site, commends construction progress and workforce dedication
Commissioner Mr. Zeeshan Ur Rehman Khattak and Executive Director Ms. Bushra Aslam along with team members from various departments, visited the SECP Head Office Building Project site. During the visit, the Divisional Head and Project Director provided a detailed update on the project’s progress. They shared that excavation and foundation work for two critical zones […]
Minutes of Meeting of the Board of Directors of the Company resolving for commencement of Window Takaful Operations and seeking approval of Commission for WTO
Memorandum and Articles of Association while object clause includes WTO
Proposed Re-takaful treaties
In case of Family Takaful, the statement of statutory funds to be established by the operator
In case of Family Takaful, documents of registration set out in Section 6(8) of the Insurance Ordinance, 2000
Participant Takaful Fund policies
Certificate of statutory Auditor entailing transfer of an amount of Rs.50 million for WTO
Copy of board resolution undertaking the utilization of Rs.50 million for WTO
CV of proposed Head of Window Takaful Operation along with declaration on stamp paper in line with Insurance Companies (Sound and Prudent Management) Regulations, 2012
Name and address of Shariah Compliance Auditor and consent of Auditor to act as Shariah Compliance Auditor with a brief profile of auditor
Latest published audited annual financial statements of the applicant
Business Plan showing projected takaful business and projected cash flows of not less than ten years from the date of application for life Insurer and not less than three years from the date of application for non-life insurer as per details provided in Annexure – II of the Circular 8 of 2014
Statement of compliance on Code of Corporate Governance
Declaration from Board of Directors that all takaful undertakings will be in accordance with the injunctions of Shariah
Any other document/ information as may be specified in writing by the Commission