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September 2, 2003
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Tuesday
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Rajab 4, 1424
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Islamic banking
KARACHI, Sept 1: Muslim Commercial Bank on Monday opened its First Islamic Banking Branch at Shaheen Complex.
Mian Mohammad Mansha Chairman MCB inaugurated the Branch. Besides chairman, also present on the occasion were Vice Chairman S.M. Muneer, other directors and customers from business and industrial community, says a press release.
The MCB president pressed the key on computer to open the First Deposit Account.
MCB Islamic banking has launched the following riba free products in deposit scheme: Al-Makhraj Savings Accounts, Al-Makhraj Ianat (Current) Accounts and Al-Makhraj Term Deposits.
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