Islamic banking industry witnesses rapid growth

By MG News | November 07, 2018 at 05:54 PM GMT+05:00

0:00

November 7, 2018: The global Islamic banking industry has witnessed a rapid growth with particular focus on implementation of Shariah compliance mechanism which will further strengthen the confidence of account holders.

Head Shariah Compliance Meezan Bank Ahmed Ali Siddiqui said this while addressing a workshop organized by State Bank of Pakistan (SBP) Faisalabad in collaboration with Meezan Bank for Muftis and Ulemas on Wednesday.

He said that Islamic Finance Industry was working to provide more authentic and reliable mechanism of Sharia compliance so that system is preferred by its customers to fulfill their entire banking needs.

(APP)

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,680.00	108,105.00 107,505.00	-555.00 -0.51%
BRENT CRUDE	66.46	66.63 66.43	-0.28 -0.42%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.79	65.02 64.77	-0.32 -0.49%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%