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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Meezan Bank disburses the first ever Islamic agricultural finance

Posted on 02 January 2013

Meezan Bank, Pakistan’s first and largest Islamic bank, has become the first Islamic bank in Pakistan to provide Shariah-compliant Agricultural financing by extending a Shariah-compliant financing facility in the agriculturally rich Central region of Pakistan.
A statement here on Thursday said that under the financing arrangement, Meezan Bank will sell DAP, urea, pesticides and seeds to its clients on a Murabaha basis………………………………………..Full Article: Source

 
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