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Meezan Banks increasing shares herald increase away from Islamic funds when you look at the Pakistan: Declaration
(MLN): Meezan Lender, Pakistan's leading Islamic financial institution, enjoys cemented its position once the nation's most effective financial once their shares surged in addition to bank profited off user interest in sharia-agreeable financing and highest interest levels, the new Financial Moments advertised.
Meezan generated number after-income tax winnings of Rs84.5 million ($305 billion) this past year, a growth of 88% into the year before, part of an industry-wide growth in the money from authorities debt at once from higher interest rates.
After-taxation winnings during the Pakistan's earliest Islamic bank flower 34% from the nine months towards the avoid away from Sep so you can Rs78.8bn, considering abilities put-out from inside the October. (さらに…)