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Riffat Mughal

KMI Weekly: Index lost 984.69pts - 0 views

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    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.
Riffat Mughal

Higher expenses trim GSK profits - 0 views

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    KARACHI: GlaxoSmithKline Pakistan Limited (GSK) net profits during the third quarter of calendar year 2011-2012 (3QCY11-12) trimmed by 13.54 percent year on year (YoY) to Rs 236.454 million.
Riffat Mughal

Islamic Credit Cards: A Necessity or Luxury - 0 views

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    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.
Riffat Mughal

Shariah Finance: An Alternative In The Making - 0 views

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    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.
Riffat Mughal

Pakistan cotton rates remain intact - 0 views

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    KARACHI: Cotton prices in Pakistan on Tuesday remained intact due to persistent phutti arrivals, dealers said.
Riffat Mughal

Pakistan Islamic Banking windows total assets surge by 27.28pct - 0 views

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    KARACHI: Pakistan's Islamic banking windows of conventional banks continued to grow during the first half of the calendar year 2011 (1HCY11) with improved asset base. Total assets grew by 27.28 percent during the first half as the Islamic banking windows total assets stood at Rs 189.990 billion.
Riffat Mughal

Egalitarian Objectives & Present State of Islamic Finance - 0 views

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    There are 5 full-fledged Islamic banks operating in Pakistan and 15 conventional banks with Islamic banking branches. The growth in Islamic finance industry has been consistently in double digits. The share of the industry in the banking system has risen to over 7 percent from just 0.5 percent in 2002.
Riffat Mughal

Islamic Finance: Need for a Paradigm Shift - 0 views

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    The original concept of Islamic finance is undoubtedly in favor of equity participation rather than creation of debts because it is only equity participation that brings an equitable and balanced distribution of wealth in the society.
Riffat Mughal

Shariah Compliance: A Human Resource Perspective - 0 views

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    Investment in stocks is permissible in Islam. However, forwards, futures, options, swaps, short selling etc in stock trade cannot be used.
Riffat Mughal

Dubai Islamic Bank launches Al Islami Emerging Cappuccino Certificate - 0 views

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    UAE: Dubai Islamic Bank (DIB) announced on Monday the launch of the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by Sharia-compliant assets.
Riffat Mughal

Persistent buying pushes cotton prices up - 0 views

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    KARACHI: Mills continuous buying at Pakistan cotton market push prices up on Monday.

    The Karachi Cotton Association (KCA) official spot rate increased by Rs 50 traded at Rs 6,300 while physical prices of fine lint were above Rs 6,600 and Rs 6,350 per maund, dealers said.
Riffat Mughal

Pakistan gold prices steady - 0 views

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    KARACHI: Gold rates remained steady on Monday in major bullion markets of the cities. Gold prices in Karachi recorded at Rs. 55,500 per tola (11.66 grams). The price of 10 grams gold was recorded at the level of Rs. 47,571.
Riffat Mughal

KMI expects mix trend - 0 views

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    KARACHI: The Halal stock KMI 30 share index expected to be range-bound as investors seemed to be cautious on the back of mixed triggers.
Riffat Mughal

Company’s Board Meetings - 0 views

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    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.
Riffat Mughal

Brisk trading at cotton market - 0 views

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    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.
Riffat Mughal

Malaysia supplies world class talent for Islamic Finance, says Zeti - 0 views

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    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.
Riffat Mughal

Al Baraka launches Business Plus Account - 0 views

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    KARACHI: Al Baraka Bank Pakistan Limited (ABPL) has announced the launch of Al Baraka Business Plus Account. This is a new addition to its existing comprehensive product portfolio set on the basic principles of Mudaraba, tailored to suit the business needs.
Riffat Mughal

KMI Weekly: Index gains 652.60pts - 0 views

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    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.
Riffat Mughal

Pakistan cotton rates drop by Rs 100 - 1 views

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    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.
Riffat Mughal

Gold rates in Pakistan remain intact - 0 views

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