Bank Islami, Al Hilal Shariah Advisors Sign Technical Services Agreement for Shariah Compliant Equity Screening Support
KARACHI – Bank Islami, one of Pakistan’s fastest growing Islamic banks, has entered into a technical services agreement with Al Hilal Shariah Advisors to provide specialized equity screening and data analytics services.
Under this agreement, Al Hilal Shariah Advisors will provide technical support for screening and monitoring of listings on the Pakistan Stock Exchange against pre-defined Shariah screening parameters approved by Bank Islami’s Shariah Board. This collaboration will enable timely identification of listed equities moving towards Shariah compliance. Incorporating data-driven insights will strengthen Sharia governance and increase transparency.
The partnership was officially signed at a signing ceremony at Bank Islami’s headquarters in Karachi, which was attended by Bank Islami Dy Chief Executive Officer Imran H Sheikh, Al Hilal Shariah Advisors Chief Executive Officer Faraz Younis Bandukda and other senior representatives of both institutions.
Bank Islami CEO and President Rizwan Atta said on the occasion, “This collaboration is a reflection of Bank Islami’s commitment to enhance operational efficiency and cost effectiveness by leveraging specialized technical expertise wherever available.” “It also highlights the importance of incorporating data-driven insights for the development of Shariah-compliant capital market activities in Pakistan.”
This agreement reflects Bank Islami’s commitment to strengthen Shariah governance through reliable and up-to-date compliance monitoring.
The post Bank Islami, Al Hilal Shariah Advisors Sign Technical Services Agreement for Shariah Compliant Equity Screening Support appeared first on Daily Pakistan English News.
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