Meezan Bank & NCCPL Partner

Through this collaboration, Meezan Bank will make bigger its assist in introducing the Murabaha Share Financing System (MSF) — a brand new Shariah-compliant product carried out with the aid.

The MoU become signed with the aid of using the Deputy CEO of Meezan Bank, Ariful Islam, and the CEO of the NCCPL, Muhammad Lukman, at a rite held on the Meezan Bank Head Office, Karachi.

Under this agreement, each the business will paintings to decorate the percentage of Islamic products in Pakistan’s capital markets and to increase new Shariah-compliant economic instruments.

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Meezan Bank is also Pakistan’s first bank to be inducted withinside the MSF System as a Non-Broker Clearing Member to increase Shariah-compliant financing to the stockbrokers and their customers in Pakistan.

Commenting on this occasion, the Deputy CEO of Meezan Bank, Ariful Islam, said, “Islamic capital markets shape a quintessential a part of the country’s Islamic economic machine and offer great potential for product innovation to match the desires of the clients”.

He said, “Through this collaboration, Meezan Bank pursuits to overcome the challenges related to new product development for this sector, while also encouraging increase in each the markets in addition to monetary investment”.

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