23.12.2011 - FMAP/NIFT launches revaluation rates for Sukuks
The Financial Markets Association of Pakistan (FMAP), in collaboration with NIFT, has launched two new Sukuk revaluation benchmark rates pages. These rates are to be used by Islamic banks, Islamic banking windows and mutual fund managers to revalue their holding of Islamic bonds on a daily basis. FMAP''s mandated 6 brokers (who are already contributing to the PKRV page for fixed income bonds), are contributing rates for these pages...............................................Full Article: Source
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