There are various banking institutions in Pakistan which are providing their services in a competitive environment.…
Category: Islamic banking & Finance
Current major developments in Islamic banking and finance
1. Islamic finance is today a $2.2 trillion industry spread over more than 60 countries…
SECP enforces Shariah Governance Regulations 2018
The Securities and Exchange Commission of Pakistan (SECP) has enforced the Shariah Governance Regulations 2018, in…
India’s first Sharia-compliant P2P platform (Digital technology)
For the first time, Indians seeking vehicle financing have the option to do so in consonance…
Islamic microfinance sets up sukuk on block chain (Digital technology)
An Islamic microfinance start-up has launched what is believed to be the world’s first smart sukuk…
SECP goes for Islamic governance rules for companies and securities
Pakistan’s capital market regulator has drafted governance rules that cover sharia-compliant companies and securities, the latest…
Deficiencies that need to be addressed for Islamic banking
1. Islamic banking industry still use LIBOR/KIBOR linked financial contracts which are akin to debt financing…
Islamic banking & finance in GCC (2018)
Saudi Arabia’s Debt Management Office has begun issuing $925 million government bonds through a new ‘primary…
Global report on Islamic finance
The World Bank Group and the Islamic Development Bank published the first Global Report on Islamic…
Impact of 2018 elections on Islamic finance in Pakistan
Pakistan a country dominated by Muslim population is considered to be a center for Islamic Banking…