"Financial literacy is one such factor that needs to be spread amongst the masses and IBA-CEIF is among one such institution playing its positive role," commented Mufti Hassaan Kaleem. Azeem Pirani (CEO, Pak-Qatar Family Takaful) while responding to FAQs stated that vast majority of risks are being covered by Takaful. "We are offering protection for basic requirements in terms of financial losses and have developed products to meet the needs of the customers", he said. Pirani was of the viewpoint that the key element of financial literacy is missing in our society and we have to promote the same. He appreciated the efforts of IBA-CEIF for playing a pivotal role in educating risk management.