Meezan Bank recognized as Islamic Finance Entity of the Year among other Multiple Awards at the 5th Islamic Finance Forum of South Asia (IFFSA) Awards 2020

Karachi: Meezan Bank, Pakistan’s first and largest Islamic Bank has been recognized with Gold Award – Islamic Finance Entity of the Year by Islamic Finance Forum of South Asia (IFFSA) in recognition of its immense contributions to the Islamic Banking and Finance Industry in South Asia, at the 5th Awards… Continue reading

Issuance of PKR 200 bn Pakistan Energy Sukuk II – Islamic finance delivers another milestone transaction for Pakistan in difficult times

Meezan Bank, Pakistan’s first and largest Islamic bank has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately PKR 200bn by Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy and Government of Pakistan. The milestone… Continue reading

BankIslami’s Branch Managers certified by LUMS on Islamic Finance

KARACHI: BankIslami Pakistan Limited, in collaboration with the Centre for Islamic Finance of Lahore University of Management Science (LUMS) successfully conducted a certified program on Islamic Finance for its branch managers in Lahore. This capacity building initiative was aimed at equipping branch managers of BankIslami with essential Islamic Banking knowledge… Continue reading

DFM signs MoU with National Bonds to reinforce collaboration in Islamic financial services

DUBAI: As part of its endeavor to strengthen its leading position as the first Sharia’a-compliant exchange globally, the Dubai Financial Market (DFM) has signed a Memorandum of Understanding (MoU) with the National Bonds Corporation (NBC).[the_ad id=”31605″]This significant step underlines the joint efforts of DFM and NBC to fortify Dubai’s position… Continue reading

Dubai Islamic Bank (DIB) Board authorized to issue a total of $7.0 billion worth of Sukuk

DUBAI, UAE: The Annual General Meeting (AGM) of Dubai Islamic Bank (DIB) has authorized the Board of Directors (BoD) of the Bank to issue a total of $7.0 billion worth of Sukuk in compliance with the provisions of the relevant laws and regulations. “The Board of Dubai Islamic Bank (DIB)… Continue reading

FPCCI appoints Mr. Kamran Saleem as Convener of Takaful Standing Committee for another consecutive term

Karachi: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) appointed the Chief Financial Officer (CFO) and Company Secretary of Pak-Qatar Takaful Group (PQTG),  Muhammad Kamran Saleem, as Convener of FPCCI’s central Standing Committee on Takaful & Window Takaful for the year 2019. On his appointment for the second… Continue reading

SBP wins the global award as the best central bank in promoting Islamic finance

KARACHI: State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year 2018. The coveted award is conferred by Islamic Finance News (IFN), an arm of REDmoney Group, Malaysia. Islamic Finance News (IFN) Best Banks Poll is regarded as… Continue reading