Sindh Modaraba set to receive Riba-free fund of up to Rs1bn

MG News | November 11, 2026 at 01:17 PM GMT+05:00

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November 11, 2026 (MLN): A Riba free Subordinated Fund of up to Rs1bn is set to be transferred to Sindh Modaraba (PSX: SINDM), after approval by the board of directors of Sindh Modaraba Management Limited, the Modaraba Management Company.

The board approved the transfer at its meeting held on November 10, 2026. The amount is up to Rs1 billion, and the transfer is subject to completion of the required formalities.

The aforementioned information was disseminated through a notification to Exchange.

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