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KARACHI: Pakistan gold rates up on Monday in major bullion markets of the cities with increase in international gold market.

JEDDAH: The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade among members of the Organization of Islamic Cooperation (OIC) to 20 percent of their total trade by 2015. It has given $13 billion since 2008 to finance trade.

KARACHI: Brisk buying by the mills and spinners pushed cotton prices further up. The prices at Karachi Cotton Association (KCA) surged by Rs 100 to Rs 6,300 on Saturday, dealers said.

KARACHI: Pak Suzuki Motor Company (PSMC) Board of Directors meeting will be held on Wednesday, October 26, 2011 to consider among other things the unaudited accounts for the 3rd quarter ended on September 30, 2011.

KARACHI: Brisk trading witnessed at Karachi cotton market on Saturday while spot rate remained unchanged. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 6,250 while physical prices were above Rs 6,600 and Rs 6,700 per maund, dealers said.

KARACHI: The board of directors of Attock Refinery Limited (ATRL) has approved the financial results of the company for the first quarter ended Sep 30, 2011 on Monday, according to the notice issued by company to the Karachi Stock Exchange (KSE).

KUALA LUMPUR: Malaysia, via the International Centre for Education in Islamic Finance (INCEIF), is supplying world class talent for the fast-growing Islamic finance, says chairman and chancellor, Tan Sri Dr Zeti Akhtar Aziz.

KARACHI: The Halal stocks KMI-30 share index went down by 984.69 points or 4.39 percent during the last week. KMI-30 Index closed at the level of 21,436.77 points as compared to the last week's closing level of 22,421.46 points.

KARACHI: The government's move to ban petroleum products export to Afghanistan likely to affect KMI index on Friday as market is expected to witness selling pressure.

KARACHI: Cotton rates decreased over cautious trading mode adopted by the mills and spinners on Thursday as buyers indulged in range bound activities to observe the latest developments in the market.

KARACHI: Gold rates in Pakistan remained intact on Thursday in major bullion markets of the cities.

KARACHI: The Halal stocks KMI-30 share index went up by 652.60 points or 3 percent during the last week. KMI-30 Index closed at the level of 22,421.46 points as compared to the last week's closing level of 21,768.86 points.

Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements.

While clinging to its present marginal position in the mainstream of global financial markets, Islamic banking and Islamic finance has a long way to go to transform itself into a major player, mainly through standardization, uniformity, governance, transparency and innovation, in addition to consolidation.

MANAMA: Tajweez Advisory Co. WLL, the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector, has launched their Islamic Finance 360 training project at the Institute of Bankers Pakistan.

KARACHI: The Halal stocks continued its rally and touched high but later it slowed down which let KMI 30 share index to gained meager 2.46 points.

KARACHI: Cotton prices moved up on Tuesday on the back of strong demand by the mills and spinners amid active trading. Karachi Cotton Association (KCA) official spot rate continued upward march as it went up by Rs 150 to Rs 6,450, dealers said. Market also followed New York cotton exchange trend as prices kept on a move in international market.

KARACHI: Increase in international oil prices along with fertilizer and cement price hike locally bode well for these sectors, however, widening trade gap and decline in remittances posed fresh challenges to the economy despite the ease in monetary policy.

SINGAPORE: Brent crude fell on Wednesday, snapping five days of gains, after OPEC cut its global oil demand forecast and plans for greater powers for a euro zone bailout fund hit a snag, rattling investor confidence.

ABU DHABI: Dubai's Majid Al Futtaim Holding, sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme as market volatility continues to thwart its plans for a conventional issue, an executive told reporters today.