Halal Tamweel

KARACHI: Pakistan cotton prices moved downward over active trading by the mills as current price level matched their psychological levels.

KARACHI: Unilever Pakistan Limited (ULEVER) has announced its financial result for the third quarter ended Sep 30, 2011 on Tuesday.

KARACHI: Pakistan Petroleum Limited (PPL), the pioneer of the natural gas industry in the country witnessed outstanding growth as its net profits surged by 26.92 percent year on year (YoY) to Rs 9.886 billion during the first quarter of financial year.

NEW YORK:U.S. crude surged to its highest level in more than two months on Monday, outpacing gains in Brent, as volatile trade in key spreads stole the limelight from upbeat Chinese data and optimism over the euro zone.

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: 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.

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.

ISLAMABAD: Exports of fish and fish preparations increased by 29.83 percent during the first quarter of financial year (2011-12) compared to the exports of the same period of last year.

TOKYO: Riskier assets across the board from stocks, metals and commodity currencies fell on Thursday as investors grew wary about taking risks ahead of a key European leaders' summit on Sunday.

ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) has given assurance to the government to continue CNG supply to public transport during CNG gas holidays.

ISLAMABAD: Sui Southern Gas Company (SSGC) is utilizing its all resources so that it can ensure adequate supply of gas in winter.

KARACHI: Result season is going to bring interest in refinery, exploration, banking and fertilizer stocks. Blue chips results might bring a positive momentum in the market. High dividend yielding stocks will remain in limelight. Market is expected to be range bound today as foreign institutional selling make investors cautious.

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

CHILAS: Prime Minister Syed Yusuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country's growing power and irrigation needs.

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.

During these hard economic times, meeting ends meet comfortably is no doubt a big deal. Everyone knows that we are going through a recessionary period and things are not as bright as they used to be.

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.

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.

Sharpe ratio is named after William F. Sharpe who introduced a risk-adjusted measure of return that is often used to evaluate the performance of a portfolio.