Trends - ISLAMIC BANKING - Business Recorder

ISLAMIC BANKING

PKR saving deposits: IBIs required to pay profit equivalent to 75pc of WAGY of all pools

KARACHI: In a significant move aimed at boosting returns for savers, the State Bank of Pakistan (SBP) has asked the...

Published 27 Nov, 2024 06:44am

Business & Finance

SBP makes key revisions to Minimum Profit Rate requirements, Islamic banking guidelines

In a major development for the banking sector, the State Bank of Pakistan (SBP) on Tuesday announced that the...

Updated 26 Nov, 2024 10:53pm

Business & Finance

SBP holds ‘Islamic Banking’ seminar at HCSTSI Secretariat

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon...

Published 15 Nov, 2024 07:24am

Islamic banking operations: Senate body to call CII scholars

ISLAMABAD: Senate Standing Committee on Finance and Revenue Wednesday decided to call scholars of Council of Islamic...

Updated 14 Nov, 2024 09:04am

IBIs: SBP adopts two AAOIFI Shariah standards

KARACHI: With a view to further strengthening Shariah compliance framework and harmonize the Shariah practices in...

Updated 30 Oct, 2024 09:06am

Business & Finance

SCB hosts Global Shari’ah Majlis

KARACHI: The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on...

Published 24 Oct, 2024 06:49am

BR Research

HBL marches on steadily

Pakistan’s largest commercial bank, HBL delivered another strong quarter, registering record 9M profits. Pretax...

Published 22 Oct, 2024 06:45am

Opinion

True riba-free Islamic banking

The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities...

Updated 11 Oct, 2024 08:20am

Business & Finance

Conventional to Islamic mode: SBP sets new bank branch conversion criteria

KARACHI: With a view to further facilitate banks in conversion of their branches, the State Bank of Pakistan (SBP)...

Updated 03 Oct, 2024 09:06am

SBP working on Sukuk alternate structure: governor

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that the SBP is working on an...

Updated 26 Sep, 2024 08:46am

Higher returns thru Islamic banking perturb Senate panel?

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad, Wednesday, said that inflation is expected to remain...

Updated 26 Sep, 2024 09:03am

Business & Finance

Mashreq Pakistan forms Shariah Board

KARACHI: Mashreq Pakistan has announced the formation of the Shariah Board for its operations in Pakistan. Dr Ahcene...

Updated 13 Sep, 2024 07:48am

‘Fleecing by Islamic banks’: Senate panel seeks detailed briefing from SBP

ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, directed the State Bank of Pakistan (SBP) to provide...

Updated 29 Aug, 2024 08:56am

Global moot highlights opportunities for growth, innovation in Islamic banking

KARACHI: A high-level international conference titled CotIB -“Conversion to Islamic Banking” highlighted...

Updated 21 Aug, 2024 08:51am

Investment in IT and agri sectors: Govt wants to reengage with Mashreq Bank: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday expressed government’s interest to reengage with Mashreq...

Updated 20 Aug, 2024 09:30am

Conventional to Islamic banking: SBP issues broad parameters for conversion

KARACHI: The State Bank of Pakistan (SBP) has developed broad guiding parameters to help banks to devise their...

Updated 29 Jun, 2024 09:10am

Business & Finance

Islamic banking: Mashreq allowed to commence operations

KARACHI: The State Bank of Pakistan (SBP) has granted, In-Principal Approval (IPA), to Mashreq Pakistan to commence...

Published 27 Jun, 2024 06:52am

Business & Finance

BoK inaugurates women-centric Islamic Banking branch in Hayatabad

PESHAWAR: Bank of Khyber (BoK) announced the inauguration of the very first women-centric Islamic Banking branch in...

Published 14 Jun, 2024 06:31am

Business & Finance

Empowering agricultural future: ABL Islamic Banking Group arranges awareness session

LAHORE: Allied Bank (ABL) Islamic banking group recently invited Rozena Saleha, CEO of Kalam4Solutions and her team...

Published 27 Apr, 2024 05:03am

BR Research

Interview with Ahmed Saljouk - Founding member and Director of Finance & Development, Alif Holdings (Pvt. Ltd)

‘We are a high-street brand that is approachable and affordable’ Ahmed Saljouk is a visionary Leader Shaping...

Published 26 Mar, 2024 09:16am

Business & Finance

‘HABIBMETRO SIRAT’ wins two awards at IRBA

KARACHI: HABIBMETRO SIRAT Islamic Banking was honoured with two prestigious awards at the 9th Islamic Retail Banking...

Published 09 Dec, 2023 05:46am

Business & Finance

Technology upgradation to boost operations: Faysal Bank plans to expand its branch network to 1,000

KARACHI: Pakistan’s first fully conventional to Islamic converted bank, Faysal Bank Limited (FBL) has planned to...

Published 10 Oct, 2023 06:19am

Business & Finance

Faysal Bank apprises SCCI about growing Islamic banking

SIALKOT: President and CEO Yousaf Hussain along with Jaudat Hussain, Head Retail Banking Faysal Bank Limited and ...

Updated 05 Sep, 2023 06:46am

Business & Finance

Islamic banking’s share soars to over 21pc: FPCCI chief

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised that the share of Islamic banking has surpassed 21 ...

Published 18 Jul, 2023 05:51am

Business & Finance

Publication on banking sector released: ‘Financial inclusion remains a challenge’

KARACHI: The financial inclusion remains a challenge for Pakistan with lower financial, women and rural inclusion...

Published 15 Jul, 2023 06:08am

Business & Finance

Dar launches new Shariah-compliant products of NSS

ISLAMABAD: Finance Minister Ishaq Dar on Monday launched new Shariah-compliant products of the National Savings...

Updated 27 Jun, 2023 09:03am

Business & Finance

Govt launches Shariah-compliant savings, term accounts

Dar says government committed to promoting Islamic finance in Pakistan

Updated 26 Jun, 2023 05:10pm

Pakistan

SSUET, Ihsan Trust to provide interest-free loan to students

KARACHI: Sir Syed University of Engineering & Technology (SSUET) signed a Memorandum of Understanding (MoU) with...

Published 07 Jun, 2023 06:05am

Markets

National Savings to launch Shariah-compliant savings, term accounts soon: Ishaq Dar

Finance Minister Ishaq Dar on Monday said National Savings, a state-owned entity, would launch Shariah-compliant...

Updated 29 May, 2023 09:13pm

Business & Finance

Global landscape of Islamic finance grows to $3trn, workshop told

KARACHI: Islamic banking is rapidly growing and the global landscape of Islamic finance has grown to approximately $...

Published 09 Mar, 2023 06:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 3	277.92
USD PKR Interbank Buying / Dec 3	277.72
USD to Japanese Yen / Dec 3	150.01
USD to Swiss Franc / Dec 3	0.89
Pound Sterling to USD / Dec 3	1.27
Euro to USD / Dec 3	1.05

Stock	Volume
S&P 500 / Dec 2	6,047.15
Nasdaq / Dec 2	19,403.95
Dow Jones / Dec 2	44,782
India Sensex / Dec 3	80,853.10
Tokyo Nikkei / Dec 3	39,248.86
Hang Seng / Dec 3	19,694.44
FTSE 100 / Dec 3	8,345.09
Germany DAX 30 / Dec 3	20,011.64

Item	Value
Gold 10 Grams PKR / Dec 2	235,340
Petrol/Litre / Dec 3	252.10
Crude Oil USD/Barrel / Dec 3	68.37
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Gold Spot USD/Ounce / Dec 3	2,645.88
Diesel/Litre / Dec 3	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▼ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▼ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▼ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 3 786 Investments Limited(786)	7.30 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 3 Al-Abbas Sugar Mills Limited(AABS)	630 ▲ 0.00 (0.00%)
Agro Allianz / Dec 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 3 Ali Asghar Textile Mills Limited(AATM)	67.69 ▲ 0.00 (0.00%)
Allied Bank / Dec 3 Allied Bank Limited(ABL)	150 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 3 Abbott Laboratories (Pakistan) Limited(ABOT)	1,118.68 ▲ 0.00 (0.00%)
Abson Ind. / Dec 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 3 Alfalah Consumer Index ETF.(ACIETF)	13.14 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	213,514,857 ▲ 0.00
Cnergyico PK / Dec 3 Cnergyico PK Limited(CNERGY)	196,907,321 ▲ 0.00
Fauji Foods Ltd / Dec 3 Fauji Foods Limited(FFL)	68,325,507 ▲ 0.00
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	66,212,972 ▲ 0.00
Sui South Gas / Dec 3 Sui Southern Gas Company Limited(SSGC)	65,264,278 ▲ 0.00
B.O.Punjab / Dec 3 The Bank of Punjab(BOP)	61,288,845 ▲ 0.00
Hascol Petrol / Dec 3 Hascol Petroleum Limited(HASCOL)	49,268,731 ▲ 0.00
Pak Int.Bulk / Dec 3 Pakistan International Bulk Terminal(PIBTL)	46,902,495 ▲ 0.00
Fauji Cement / Dec 3 Fauji Cement Company Limited(FCCL)	31,910,059 ▲ 0.00

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