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PMEX Facilitates Pakistan’s First Electronic Murabaha Transaction

  December 26, 2017 – Karachi: Pakistan Mercantile Exchange Limited (PMEX), country’s only multi-commodity futures exchange, has achieved yet another breakthrough by facilitating the country’s first electronic Murabaha transaction, which in essence will pave the way for an Islamic Money Market. Meezan Bank was the Shariah Technical Services Provider for development of this Shariah-compliant trading…

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PMEX Delegation Visits China

A delegation of PMEX visited China from 25 to 29 September. During this visit, PMEX officials met with the management of Dalian Commodity Exchange (DCE) and Zhengzhou Commodity Exchange (ZCE). In these meetings, matters relating to development and enhancement of derivatives and financial markets in Pakistan and China through building mutual collaboration were discussed. The…

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Briefing Session on PMEX Shariah Compliant Trading Platform

PMEX held a briefing session on PMEX Shariah Compliant Trading Platform (SCTP), exclusively designed for the Islamic Financial Institutions (IFIs) to execute commodity Murabaha transactions in a convenient, transparent and Shariah complaint manner. The session held at IBA -Centre for Excellence in Islamic FInance (CEIF) was attended by senior officials from various IFIs such as…

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