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Awqaf South Africa and AlHuda-CIBE sign an MOU at Johannesburg
AWQAF SA and Pakistan based Al Huda Centre of Islamic Banking and Economics (Al Huda CIBE) formally entered into a Memorandum Of Understanding (MOU) at Gallagher Estate, Sandton , Johannesburg, at the closure of the International Conference on Islamic Banking and Finance in Africa organized by AlHuda CIBE.....
 
Mr. Zuair Mughal, CEO Alhuda CIBE & Mr. Zeniel Kajee CEO Awqaf South Africa at MOU signing Ceremony
 
 
 
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Pakistan assures IMF about issuance of sukuks worth Rs100b
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The government held out assurance to International Monetary Fund (IMF) of issuing sukuk bonds worth Rs100 billion in order to take down the circular debts of various government departments.
The IMF increased its loan to $11.3 billion in July last year while the central bank received a fourth tranche of $1.2 billion on December 28.
The channel said quoting the sources privy to Finance Ministry that the government’s negotiations with the IMF for fifth tranche of $1.2 billion proved fruitful.
It was added that the working paper of the tranche would be presented to Pakistan in IMF’s Board of Directors’ meeting on May 4 in Washington

 
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