NBFI & Modaraba Association of Pakistan organized a presentation on “Commodity Murabaha Transactions” on Wednesday the 17th January 2018 at the Conference Hall of the Association. The presentation was conducted by Pakistan Mercantile Exchange (PMEX) and Meezan Bank Limited jointly.
Mr. Farhanul Haq Usmani, EVP & Head of Shariah Audit & Advisory, Meezan Bank explained the mechanism of the transaction and opportunities available for the Islamic Banks, Corporate entities and SMEs.
Mr. Nauman Lakhani, Head of Marketing, Business Development and Mr. Hassan Mahmood, Head of Research & Product Development, PMEX gave a brief presentation on the working of PMEX and explained Transactional Process Flow and Account Opening Procedure at Shariah Compliant Commodity Trading Platform.
Mr. Basheer A. Chowdry said that the product will provide an opportunity to the Islamic Financial Institutions to expand their operational platform and appreciated the initiative taken by PMEX and Meezan Bank to develop the mechanism.
