Bank Splami has signed a Memorandum of Understanding (Sleeve) with the National Clearing Company of Pakistan Limited (NCCPL) to strengthen the presence of Islamic finance in the country’s capital markets. The purpose of this cooperation is to introduce modern, Sharia law, which will create new opportunities for investors seeking Riba -free financial solutions.
In this partnership, the skills of the Banking in Islamic finances are linked to the technical and infrastructure capabilities of the NCCPL. In the presence of senior representatives of the two entities on the sleeve, a hero was signed during a signing ceremony at the headquarters of the Bangasi Islam in Karachi.
Speaking on the occasion, the President and CEO of Banqami, Rizwan ATA, SARS: “Through this partnership, we take a step towards making Pakistan’s capital markets more accessible by offering a strong, interest -free financial solution. Investing opportunities for all.”
CEO or NCCPL, Naveed Kazi, commented: “Our cooperation with Ben -Islami is taking a step forward to advance the solution in Pakistan’s capital market according to Sharia. We believe that this cooperation will create more and more accessories, and will create investors’ confidence opportunities.”
Looking for investment routes in the sleeve, widespread consumers will benefit. Consumers will have access to Islamic financial devices such as equity and loan securities through a strong and reliable platform. The NCCPL, the partnership, enables further expansion of its infrastructure by aligning with Islamic financial principles.
With its mission to save humanity from Riba, the bank will continue to work with the NCCL to provide practical solutions, which supports the long -term development of the financial sector and will strengthen the role of Islamic finance in Pakistan.