Archive for: February, 2018

PMEX Facilitates First Electronic Murabaha Transaction for Bank Alfalah

PMEX Facilitates First Electronic Murabaha Transaction for Bank Alfalah  February 20, 2018 – Karachi: Pakistan Mercantile Exchange Limited (PMEX), country’s only multi-commodity futures exchange, facilitated the electronic Murabaha transaction between Bank Alfalah and Meezan Bank on PMEX Shariah Compliant Trading platform (SCTP). Mr. G. M. Abbasi, Director, Islamic Banking, State Bank of Pakistan, Mr. Nauman…

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PMEX Facilitates First Electronic Murabaha Transaction for Modaraba

  Feb 13, 2018 – Karachi: Pakistan Mercantile Exchange Limited (PMEX), country’s only multi-commodity futures exchange facilitated the country’s third electronic Murabaha transaction and the first transaction for a Modaraba between Meezan Bank Limited and First Al-Noor Modaraba. State Bank of Pakistan of Pakistan (SBP) had earlier allowed banks to conduct transaction on PMEX Sharia…

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