Trends - Islamic finance - Business Recorder

Islamic finance

Importance of Islamic finance, capital markets highlighted

KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that Islamic finance and...

Published 13 Dec, 2024 06:29am

Business & Finance

Non-bank financial sectors: SECP approves strategic action plan for Islamic finance development

ISLAMABAD: The Strategic Action Plan of the Securities and Exchange Commission of Pakistan (SECP) aims to enable...

Published 10 Dec, 2024 07:14am

Opinion

Islamic banking and finance in Pakistan: challenges and roadmap

“Allah has permitted trade and forbidden usury”. Al Baqarah. The creation of Pakistan was indeed based on the...

Updated 06 Dec, 2024 08:31am

Markets

Pakistan ready to take the lead in Shariah-compliant financing, says SECP chief

The Securities and Exchange Commission of Pakistan (SECP) Chairman Akif Saeed said the adoption of regulatory...

Published 03 Dec, 2024 10:37pm

Business & Finance

Economic growth: SBP official delineates Islamic finance framework

KARACHI: Samar Hasnain, Executive Director, State Bank of Pakistan (SBP) has said Islamic economic and finance is a...

Published 28 Nov, 2024 05:45am

Pakistan

Talent pool growth: Pak-Qatar Group partners with ILMA University

KARACHI: Pak-Qatar Group (PQG) has signed a Memorandum of Understanding (MoU) with ILMA University to address the...

Published 26 Nov, 2024 05:49am

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

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

‘ICMDC’ set up: SECP moves to promote Islamic capital market

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has constituted the Islamic Capital Market...

Published 20 Sep, 2024 06:10am

Business & Finance

Securities, futures markets: SECP to develop Islamic finance ecosystem

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to develop Islamic finance ...

Published 19 Sep, 2024 07:22am

Business & Finance

Pakistani Islamic finance industry: Size estimated to have crossed $42bn: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has disclosed that the size of the Pakistani...

Published 17 Sep, 2024 06:33am

Business & Finance

Islamic financing helps govt save billions

KARACHI: The cash-strapped government is saving billions of rupees on account of raising financing through selling...

Updated 02 Sep, 2024 09:08am

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

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 finance: ‘Consultation Paper’s on adoption of AAOIFIs standards published

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper to seek...

Published 04 Feb, 2024 03:01am

Pakistan

Role of Islamic finance in sustainable growth highlighted

KARACHI: The Institute of Business Management’s (IoBM) two-day International Conference on Islamic Banking and...

Published 15 Nov, 2023 06:09am

Business & Finance

Businesspeople underscore need for promoting Islamic banking system

PESHAWAR: Business community has stressed the need for pragmatic steps to promote Islamic Banking and Finance System...

Published 25 Sep, 2023 06:34am

Business & Finance

SECP restructures RSB, allowing applicants to apply throughout the year

ISLAMABAD: In order to broaden outreach, the SECP has restructured its Regulatory Sandbox (RSB) from a cohort-based...

Published 15 Sep, 2023 06:31am

Business & Finance

Islamic financial system: State institutions need to play proactive role: IFAAS CEO

ISLAMABAD: Pakistan can develop and reshape the economy and financial system based on Islamic principles, provided...

Updated 14 Sep, 2023 06:49am

Move to promote Islamic mode of financing: MoF proposes draft amendments to MTBs, Ijara Sukuk rules

ISLAMABAD: The Finance Ministry has proposed draft amendments to Pakistan Market Treasury Bills and Ijara Sukuk...

Updated 09 Sep, 2023 09:28am

Business & Finance

SECP issues Shariah compliance certificate to licenced NBFC

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a Shariah compliance certificate to ...

Published 07 Sep, 2023 06:21am

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

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

SECP makes policy recommendation to implement Islamic stock trading

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has made a policy recommendation to implement...

Published 19 May, 2023 06:17am

Business & Finance

‘Regulatory Sandbox’: SECP to begin accepting applications for testing on 2nd

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will be accepting applications for testing in...

Published 30 Apr, 2023 05:10am

Business & Finance

HABIBMETRO holds Islamic banking summit in Karachi

KARACHI: Sima Kamil, the deputy governor of State Bank of Pakistan (SBP), has said that finance is a fundamental...

Published 18 Jan, 2023 06:22am

Business & Finance

SECP asks all Islamic FIs to ensure Shariah compliance

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has asked all Islamic financial institutions to...

Updated 14 Jan, 2023 08:44am

Business & Finance

Procedure for turning usual financial institutions into Islamic ones explained

ISLAMABAD: The Securities and Exchange Commission of Pakistan on Wednesday issued a detailed procedure for the...

Published 12 Jan, 2023 05:51am

Pakistan

IoBM, BankIslami become knowledge partners to promote Islamic finance

KARACHI: Institute of Business Management (IoBM) and BankIslami Pakistan Limited signed a MoU on Wednesday. ...

Published 29 Dec, 2022 05:59am

Opinion

Sustainability and Islamic finance

The unique characteristic of Medina Economics is the fact that almost all the building blocks of the Islamic ...

Published 08 Dec, 2022 06:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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