Meezan Bank, ESL launch shariah-compliant trading window for RDA customers

MG News | July 13, 2024 at 08:59 AM GMT+05:00

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July 13, 2024 (MLN): Meezan Bank has signed an agreement with EClear Services Limited (ESL), Pakistan's first Professional Clearing Member, to jointly develop a Shariah-compliant Trading Window for Roshan Digital Account (RDA) customers.

Meezan Bank has successfully assisted in developing Shariah-compliant trading functionality within ESL's Electronic Order Management System (EOMS).

This enhancement will enable ESL member brokers, in partnership with Meezan Bank, to facilitate RDA customers in opening CDC accounts with their preferred broker for trading in Shariah-compliant shares, Islamic Exchange Traded Funds, and Sukuk listed on the Pakistan Stock Exchange.

ESL offers an online stock trading system called EOMS to its Securities Brokers, who can then offer their clients (investors) the facility of online trading through the web and/or mobile app by subscribing to it.

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