Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently organized a webinar session on Understanding Takaful. Mufti Hassaan Kaleeem (Chairman, Shariah Board-Pak-Qatar Takaful Group) and Azeem Pirani (CEO, PQFTL) were the key speakers at the online session. Mufti Hassaan Kaleem focused on the concept of Takaful (How it evolved?), its need and importance in our daily lives. He explained in detail about the mechanism behind Takaful, Retakaful and how it contributes toward society. Mufti Kaleem stressed upon the significance of Waqf Pool unlike conventional insurance and how it benefits the members in case of financial loss. He further stated that Takaful companies are in the phase of infancy if compared with Islamic Banking and Takaful operators need to offer more competitive products .