Islamic

An urgent need for initial legislation, and strong law of Sharia to increase the field of Islamic finance: IPS trendy blogger

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An urgent need for initial legislation, and strong law of Sharia to increase the field of Islamic finance: IPS trendy blogger

Islamabad: Urgent preliminary legislation, rapid accreditation for AAOIFI (Accounting and Review Organization for Islamic Financial Institutions) standards specifically designed for the local financial context, and the creation of a framework of the strongest Sharia governance are important steps to ensure sustainable and reliable growth of Islamic banks and non -abstract financial institutions. This requires coordinated … Read more

Samba Bank is moving towards full Islamic bank transfer – Trendy Blogger

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Samba Bank is moving towards full Islamic bank transfer – Trendy Blogger

Samba Bank, Limited, took a step towards a transition to a complete Islamic bank, as it granted the Board of Directors approval to transfer from traditional banking services. The bank said in an organizational file to the Pakistani Stock Exchange (PSX) on Thursday: “The Board of Directors of Samba Bank, Ltd., in principle, agreed to … Read more

Khaybar Bank begins moving to Islamic banking services – Trendy Blogger

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Khaybar Bank begins moving to Islamic banking services – Trendy Blogger

BOK Bank has started the transfer process from a traditional bank to a fully Islamic financial institution, according to an official notice sent to the Pakistani Stock Exchange (PSX) on Thursday. In a letter to PSX, BOK officially announced the transition according to Article 96 of the Securities Law, 2015, and paragraph 5.6.1 (A) from … Read more

Pakistan, Organization of the Islamic Conference to discuss trade and development cooperation – Trendy Blogger

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Pakistan, Organization of the Islamic Conference to discuss trade and development cooperation – Trendy Blogger

The Federal Minister of Trade, Kamal Khan, met with the Organization of Islamic Cooperation (OIC), Secretary -General of Husitin Brahim Taha in Jeddah, to explore ways to enhance economic, commercial and development relations between member states Organization of the Islamic Conference. During the meeting, Khan again affirmed Pakistan’s commitment to deeper communication with the Organization … Read more

OIC visa for four proposed Islamic countries: Majeed trendy blogger

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OIC visa for four proposed Islamic countries: Majeed trendy blogger

Karachi: Magid Aziz, the former president of the Pakistan Labor Union (EFP), suggested that the Islamic Conference Organization Organization visa one for all 54 member states, initially for businessmen. This proposal was presented during his main speech on “Commercial Tourism as a tool to promote sustainable tourism” in the sustainable tourism forum organized by the … Read more

Pakistan Post honors the contribution of the Islamic Chamber of Commerce and Industry with a commemorative stamp – Trendy Blogger

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Pakistan Post honors the contribution of the Islamic Chamber of Commerce and Industry with a commemorative stamp – Trendy Blogger

Pakistan Post has announced the issuance of a commemorative postage stamp to recognize the pivotal role of Islamabad Chamber of Commerce and Industry (ICCI) in promoting business growth and contributing to national economic prosperity, according to APP. The announcement was made during a visit by Rizwan Javed Hashmi, Additional Director General of Operations, Pakistan Post, … Read more

The Securities and Exchange Commission approves the 2024-2026 strategic action plan to develop Islamic finance in the non-banking financial sector – Trendy Blogger

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The Securities and Exchange Commission approves the 2024-2026 strategic action plan to develop Islamic finance in the non-banking financial sector – Trendy Blogger

IslamabadThe Securities and Exchange Commission of Pakistan (SECP) has approved its strategic action plan for 2024-26, which aims to promote the growth and development of Islamic finance in the non-banking financial sector. According to details, the plan has been formulated by the Supreme Committee of the Securities and Exchange Commission of Pakistan, headed by Mr. … Read more

Bank of Sharjah Pakistan is reviewing the Sharia governance framework for Islamic banking institutions – Trendy Blogger

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Bank of Sharjah Pakistan is reviewing the Sharia governance framework for Islamic banking institutions – Trendy Blogger

The State Bank of Pakistan (SBP) has revised the Sharia Governance Framework (SGF) to advance the Islamic banking industry and enhance its compliance with Sharia principles. In a circular issued on Friday, the State Bank of Pakistan directed Islamic banking institutions to prepare to implement the updated framework by January 1, 2025. “To further strengthen … Read more