03.12.2012 - Meezan Bank approves first ever air-time Sukuk
The Shariah Supervisory Board (SSB) of Meezan Bank Limited has approved the concept for the first ever air-time based Sukuks to be issued in Pakistan, according to a statement issued on Friday. The board has also approved detailed guidelines for Islamic banks related to sharing of security with other banks for long-term Islamic projects and structured financing. These decisions were taken during the 19th meeting of the SSB of Meezan Bank held at Darul Uloom Korangi, Karachi...............................................Full Article: Source
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