Islamic Banks in Pakistan agree upon formation of Islamic inter-bank market.Islamic banks have recently achieved a major milestone towards development of an interbank market for Islamic banks.
Meezan Bank recently hosted a meeting of Shariah advisors and product development experts of all full-fledged Islamic banks to decide upon the mechanism for inter-bank placement amongst Islamic banks and to move towards the development of an Islamic inter-bank market.
In India, stock market investing is always related to the sensex and the nifty fifty. But what is sense and what is Nifty? These two terms are what you should familiarize with yourself. Every now and then, you will be encountering these words; this is why you should know what is Sensex and what is Nifty.
Sensex and nifty are stock market indices, and stock market index play a very vital role in the stock market investing. Their main role is related to monitoring the most traded stocks at the moment. Stock market index are very important for the investors as they will be the one responsible for giving the information. The stock market exchange and the stock market index work together in giving the appropriate result. This is the reason why if you have to choose the stock market exchange where you are going to rely for this very vital information, you have to consider the stock market index that they are using.