From Islamonline.net: Pakistan’s six Islamic banks are going to set up an Islamic inter-bank price market in order to stop relying on interest-based conventional banks in meeting their short-term funds requirements.

“Things are almost finalized and an official announcement in this regard will soon be made,” Ahmed Ali Siddiqui, head of Product Development Shari`ah Compliance at Meezan Islamic Bank, Pakistan’s first full-fledged Islamic bank, told IslamOnline.net on Monday, June 29……..Full Article: Source