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Modaraba

Pakistan regulators transfer management of two modaraba funds

3 years, 10 months ago
ISLAMABAD: Supreme Court of Pakistan has upheld a decision by the capital market regulator to transfer the management of two Islamic investment funds to Karachi-based KASB Modaraba, accelerating efforts to strengthen financing by investment…

Pakistan regulators merging three Islamic investment firms

3 years, 11 months ago
ISLAMABAD: Pakistan regulators are merging three small Islamic investment firms after the central bank took control of Karachi-based KASB Bank Limited, accelerating efforts to strengthen financing by investment partnerships.