Karachi, 12 November 2024: Pak-Qatar Asset Management Company Limited (PQAMC), a premier Shariah-compliant asset management firm and part of Pakistan’s pioneering Islamic finance group, has announced a dividend of PKR 1.9730 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) for October 2024. This distribution reflects an impressive annualized return of 20.97% YTD, as of…
Karachi, December 06, 2023 : U Microfinance Bank, Pakistan’s fastest-growing microfinance bank, has published its financial results for the half year ended 30th, June 2023, at its Board of Directors’ meeting held in Islamabad on November 30th, 2023. During the first half of 2023, the bank reported a revenue of PKR 21.5 Billion with a…
Karachi, July 01, 2020: The Pakistan Credit Rating Agency Limited (PACRA) has maintained BankIslami’s long-term entity rating at A+ (short term rating at A1) with a Stable Outlook. The ratings reflect BankIslami’s sustained risk profile. The Bank’s profitability enhanced owing to asset yield driven by peaked policy rates and volumetric increase in financing and instruments….
Karachi, April 17, 2019: We are pleased to inform that Pakistan Credit Rating Agency Limited (PACRA) has upgraded stability rating of NIT Money Market Fund from previous “AA+” to “AAA” which is the highest fund stability rating. The objective of the fund is to generate competitive returns with minimum risk for its unit holders by…