Government of Pakistan Raises Rs116 Billion Through Hybrid Sukuk Auction on Pakistan Stock Exchange
The latest GoP Hybrid Sukuk auction via the PSX system saw the government raise Rs116.4 billion with strong demand noted for the 10 year variable rental rate instrument.
At Tahur Limited Successfully Concludes Sukuk III Raising Rs800 Million
At Tahur Limited (PREMA) completes its Sukuk III fundraise at Rs800 million reflecting strong investor confidence and successful execution of the green shoe option.
NIBAF Pakistan Advances Shariah Compliance Through Islamic Banking Certificate Course
NIBAF Pakistan holds the third day of its Islamic Banking Certificate Course in Lahore featuring expert insights from Mufti Rafay Ashraf Usmani.
Istanbul Financial Center Sees Surge in Global Interest Amid Regional Middle East Conflict
The Istanbul Financial Center CEO reveals that dozens of global firms from the Gulf and East Asia are considering relocating operations to Turkey due to the Iran war.
Fitch Ratings Warns of Global Sukuk Market Volatility Amid Regional Middle East Conflict
Fitch Ratings reports a slowdown in global sukuk issuance as geopolitical tensions in Iran drive yields to five-year highs and impact dollar-denominated instruments.
SECP Approves Pakistan’s First Shariah-Compliant Credit Risk-Sharing Product
SECP approves a landmark Shariah-compliant risk-sharing product by NCGCL to boost Islamic financing for MSMEs and the agriculture sector in Pakistan.
BankIslami Pakistan Accelerates Digital Transformation and SME Financing for 2026 Growth
BankIslami Pakistan Limited shifts focus to low-cost deposits and digital banking with its aik App while targeting SME and agri sectors to drive 2026 earnings.
Pakistan Sharia Compliant Mutual Funds Hit Historic Rs2 Trillion Milestone
Islamic mutual funds in Pakistan have crossed the Rs2 trillion AUM mark for the first time, signaling a massive structural shift in the nation’s digital finance landscape.
Raqami Islamic Digital Bank Appoints Umair Bilal as EVP Head of PMO and Partnerships
Umair Bilal joins Raqami Islamic Digital Bank as EVP to lead the Project Management Office and strategic partnerships, driving the bank’s digital transformation.
CDNS Mobilizes Rs1 Trillion Inflows as National Savings Near Annual Target
Central Directorate of National Savings records Rs1 trillion in savings inflows for FY2025-26, achieving over 76 percent of its annual target amid institutional reforms.