The Scope of Takaful Insurance in Pakistani Market

Abstract

This research is based upon how Takaful industry of Pakistan is growing and what is potential and future of this market. In this research paper the scope of takaful insurance is highlighted making Pak Qatar Takaful Company an example. Pak Qatar takaful company is chosen for the research paper because it is pioneer of takaful insurance in Pakistan as well as, it has the maximum resource and research and experience in this area. The study is important because it identifies that why and how takaful insurance is better than conventional insurance and on the other hand, it also determines the future of takaful in Pakistani market. The research is based on data gathered though a questionnaire filled by 80 individuals. All of them are user of Insurance either congenital or Islamic. Conclusions and recommandations are totally based on data analysis of questionnaire.