KARACHI: The National Investment Trust Limited (NITL) has launched NIT-Islamic Money Market Fund (NIT-IMMF) with the initial public offering (IPO) scheduled for September 20 to 22, 2021, a statement said on Friday. It is an open-ended fund to meet the growing demand for the Shariah-compliant investment products, which primarily aims at investing in the diversified … Read more
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued instructions to address concerns and bring transparency in the sale of third-party products for consumers’ convenience and protection, a statement said. The central bank said in addition to the typical banking products or services, the banks often offer or sell other financial products that are … Read more
Prime Minister Imran Khan has said that, the government raised Shariah-compliant debt worth 200 billion, which is the proof of strong market confidence in the business policies of Pakistan Tehreek e Insaf. Prime Minister Imran Khan wrote on his official twitter: Landmark financial innovation with Rs 200 bn Sukuk issued through competitive book building at … Read more
