Islamic Finance

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SECP Approves Pakistan’s First Riba-Free Credit Risk-Sharing Product

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In a groundbreaking move for Islamic finance in Pakistan, the Securities and Exchange Commission of Pakistan has approved the country’s first Shariah-compliant credit risk-sharing product. The initiative aims to increase financing access for underserved sectors, including micro, small, and medium enterprises (MSMEs) as well as the agriculture industry. The innovative product has been developed by […]

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Pakistan Announces Fitrana and Fidyah Amounts for Ramadan 2026

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The Council of Islamic Ideology (CII) has announced the official rates for Fitrana (Sadaqatul-Fitr) and Fidyah for Ramadan 2026, providing guidance to Muslims across Pakistan on fulfilling their religious obligations during the holy month. CII Chairperson Allama Dr. Muhammad Raghib Hussain Naeemi stated that the minimum amount for both Fitrana and Fidyah has been set […]

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