Being Platinum Sponsor, Takaful Pakistan Limited welcomes all the honorable participants at the CFO conference 2018 on such a thought provoking topic "Evolving Mental Models Sustaining Competitive Edge".This provides a great opportunity for both contributors and attendees to reflect on the challenges faced by the commercial and financial businesses in the emerging power struggle amongst the nations and the changing alliances in the global politico-economic environment. The pressure is on states and entities, and it is inevitable for them to improvise and transform themselves on an ongoing basis contemplating, reengineering, and ensuring so that the developed business models adequately respond to and cater for the challenges thereby delivering the anticipated value and performance.
In the given scenario, Takaful Pakistan Limited, would like to draw attention to a recently organized World Islamic Finance Forum - 2018, where in Islamic Finance related topics/issues were extensively deliberated for twofulldays. Incidentally, the importance Islamic Finance carries in Pakistan, Takaful Pakistan Limited, being general Takaful Operator, ie Shariah compliant risk coverage provider, took the lead promoting role as Platinum Sponsor. For all the attendees it was a highly learning experience particularly towards identifying the root causes and suggesting solutions for stagnancy of Islamic Banks share at around 13%, and why Takaful Companies are unable to make inroads in a lowly penetrated market, and how this can be improved.
It is my firm belief that, Pakistan, being the most promising and emerging Islamic Finance market has all the fundamental ingredients such as welcoming consumers/corporates, regulating and facilitating supervisory environment, availability of learned and competent Shariah Scholars, and Financial Industry's committed professionals, all putting together to brand Pakistan as the truly Global Islamic Finance Hub by 2025,Insha Allah.