B. Musharika Inam: partners have different, but agreed, positions in respect of the number of shares, facilities, remuneration, profit, etc. Partners are not agents for one another nor do they act ...

The Musharika facility has been jointly advised and arranged by the NBP, Dubai Islamic Bank and Standard Chartered Bank. NBP President Syed Ali Raza and QICT Chief Executive Officer Changez Hassan ...

The State Bank of Pakistan (SBP) Thursday announced exemption from KIBOR as benchmark rate for Participatory (Musharika & Modaraba) and Wakalah-based products. There is no KIBOR condition for ...

Islamic Finance: Musharika and Ijara show slight differences in service agency rule Last week we learned about the workings of an agency in Murabaha and Ijara transactions. In fact, we were in the ...

After the Musharika agreement, Hashwani said they were the largest investor in the sector after Oil and Gas Development Company (OGDC). The group has drilled 65 wells with a massive investment so far.

PESHAWAR: National Accountability Bureau’s Khyber-Pakhtunkhwa (K-P) chapter has frozen the properties of Afzal Khaliq alias Double Shah of AK Forex Private Limited, Wah Cantt. . He is accused of ...

KARACHI, May 15: The National Bank of Pakistan (NBP) has arranged Rs5 billion syndicated Islamic finance facility for the expansion of Qasim International Container Terminal (QICT). The Musharika ...