Pakistan, Oct. 4 -- BankIslami has signed a Memorandum of Understanding (MoU) with the National Clearing Company of Pakistan Limited (NCCPL) to strengthen the presence of Islamic finance in the country's capital markets. This collaboration aims to introduce innovative, Shariah-compliant financial solutions, creating new opportunities for investors seeking Riba-free financial solutions.

This partnership combines BankIslami's expertise in Islamic finance with NCCPL's technological and infrastructural capabilities. The MOU was signed during a signing ceremony held at BankIslami's headquarters in Karachi, in the presence of senior representatives from both entities.

Speaking on the occasion, Rizwan Ata, President and CEO of BankIslami, said...