The government has unveiled a strategy to transform Pakistan’s financial sector into a fully Shariah-compliant system after December 31, 2027, pledging a gradual transition that safeguards financial stability, honours all existing contracts, and avoids disruption to banking, capital markets and public finances. The ‘Post-2027 Financial System in Pakistan’ strategy paper, released by the Finance Division, […]
Shariah-compliant
Pak-Qatar Takaful IPO enters book-building phase
KARACHI: The initial public offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL) entered its two-day book-building phase on Wednesday, a key step toward its listing on the Pakistan Stock Exchange (PSX). Bidding is scheduled to continue until Thursday, according to the prospectus released by Arif Habib Limited. Read More: Pak–Qatar Family Takaful Limited listed on PSX PQGTL, a […]
BOP Launches Shariah-Compliant Leasing for JAC T9 Hunter
The Bank of Punjab (BOP) has introduced a Shariah-compliant financing option for the JAC T9 Hunter, offering customers the chance to lease the versatile pickup through the Islamic Car Ijarah model. This financing scheme is designed to enable halal vehicle acquisition, with a delivery window of just 45 days after booking. Known for its […]