ISLAMABAD: The non-bank financial institutions (NBFI) and Modaraba Association of Pakistan (MAP) Tuesday stressed the need for comprehensive system of Shariah compliance to keep intact the confidence of the stakeholders in the Islamic financial system.
According to SECP statement released here Tuesday, Chairman NBFIs and Modaraba Association of Pakistan, Chowdry Bashir during a meeting SECP delegation in Karachi, highlighted the significance of a comprehensive Shariah Audit system for the Modarabas and its importance for the sector.
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