The Central Directorate of National Savings has secured Rs.40 billion in Islamic finance bonds in the second quarter of the Current Fiscal Year 2023-24.
The National Savings has issued Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country, a senior official of the Directorate of National Savings told.
CDNS had collected an investment of Rs.16 billion in July 2023-24 through Islamic investment bonds.
CDNS senior official said that Islamic finance has a very important role in the global financial sector at this time, and a large part of the economy of many major countries currently includes Islamic finance, and CDNS also being introduced new reforms and innovations.
The CDNS surpassed the annual target and achieved the target of Rs.1.6 trillion in fresh bonds in the current fiscal year.
