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Waqf for the promotion of education

Ihsan Trust promoting education for a brighter Pakistan

Ihsan Trust was established as an independentTrust (Waqf) in 2010 with the vision to create a poverty free society on the principles of equality and compassion. Their missions is to reach out and help the poor and needy according to the principles of Islam and take care/look after the wellbeing of poor and needy and… Continue reading Ihsan Trust promoting education for a brighter Pakistan

Islamic Banking in Pakistan

Meezan Bank Best Positioned to Leverage Growing Shariah Banking

Pakistan’s leading brokerage house, Topline Securities that also excels in research has initiate coverage on Pakistan’s first and the largest full service Islamic bank, Meezan Bank (MEBL). It has recommended investors to ‘Buy’ at a target price of Rs123/share, offering 38% upside. MEBL is expected to outperform peers based on: 1) strong brand recognition and… Continue reading Meezan Bank Best Positioned to Leverage Growing Shariah Banking

PMEX Shariah Compliant Trading Platform

Importance of PMEX Commodity Trading Platform in Pakistan’s Economy

The Agriculture sector continues to play a central role in Pakistan's economy. It is the second largest sector, accounting for over 21 percent of GDP, and remains by far the largest employer, absorbing 45 percent of the country's total labor force. Nearly 62 percent of the country’s population resides in rural areas, and is directly… Continue reading Importance of PMEX Commodity Trading Platform in Pakistan’s Economy

Islamic Banking in Pakistan

Pakistan needs a new road map for accelerating growth of Islamic banking

Islamic banking was re-launched in Pakistan with the commencement of operations by Meezan Bank, as a full service Islamic bank more than two decades ago. To avoid the fallout of making an attempt to shift to Shariah compliant banking from Riba-based banking, the State Bank of Pakistan and other market participants agreed to let the… Continue reading Pakistan needs a new road map for accelerating growth of Islamic banking

Expanding the Footprint of Islamic Finance

Physical Gold Fund SP Announces Shariah Standard on Gold Compliance

Physical Gold Fund SP (PGF), a world leader in physical allocated gold, is pleased to announce that Physical Gold Fund SP has been endorsed as Shariah-compliant by Amanie Advisors. Amanie Advisors issued the fatwa in accordance with the Shariah Standard on Gold set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and… Continue reading Physical Gold Fund SP Announces Shariah Standard on Gold Compliance