Karachi: The Board of Directors of The Pakistan General Insurance Company Limited has approved a significant resolution concerning the initiation of Window Takaful Operations, as per a circular resolution dated December 4, 2025. This decision is pending the approval of the Securities and Exchange Commission of Pakistan (SECP).

The resolution outlines the company's plan to apply to the SECP for the establishment of Window Takaful Operations, in adherence to the Takaful Rules, 2012. The board has sanctioned the opening of a separate bank account dedicated to these operations, with an initial transfer of Rs. 50 million earmarked exclusively for Takaful activities.

In a related move, Mr. Hussain Ahmed has been appointed as the Shariah Advisor, subject to SECP's approval. The company has emphasized that all Takaful undertakings will strictly adhere to Shariah principles.

Furthermore, the board has designated the Chief Executive Officer, Chief Operating Officer, and Company Secretary as the Authorized Representatives for all matters related to the application for Window Takaful authorization. They are empowered to execute documents, submit applications, and address any inquiries from SECP or relevant authorities.

According to information available from the Pakistan Stock Exchange (PSX), this strategic decision by The Pakistan General Insurance Company Limited is positioned within the Financial Services category, reflecting the company's commitment to expanding its portfolio in compliance with regulatory standards and Shariah law.