Meezan Bank Recognised as Market Maker for Shariah-Compliant Debt Instruments on Pakistan Stock Exchange

Pakistan lender Meezan Bank has become the first Islamic bank to be recognised as a designated market maker for Shariah-compliant debt instruments on the Pakistan Stock Exchange (PSX), according to local media reports.

PSX welcomed the on-boarding of Meezan Bank on the 1st of February 2021 with a gong ceremony, in which an agreement was signed between the two parties to mark the occasion.

Farrukh H Khan, Managing Director and Chief Executive Officer (CEO) of PSX, welcomed the designation of Meezan Bank and stated that this was an indicator of the bank’s commitment to the development of the capital market in Pakistan, which would add growth and depth to the country’s debt market.

Meanwhile Ariful Islam, Deputy CEO of Meezan Bank stated that the d...