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PSX & Meezan Bank sign Agreement to offer Shariah-compliant trading platform for RDA clients

July 27, 2022

PSX & Meezan Bank sign Agreement to offer Shariah-compliant trading platform for RDA clients

Pakistan Stock Exchange (PSX) and Meezan Bank Limted (MBL) signed an Agreement whereby PSX, in collaboration with MBL, will provide a dedicated shariah-compliant trading platform for Roshan Digital Account (RDA) clients. This will facilitate investors who are focused on investing in shariah approved securities. The Agreement was signed by the MD & CEO PSX, Mr. Farrukh H. Khan, and the Founding President & CEO Meezan Bank, Mr. Irfan Siddiqui, amidst the presence of Chairperson PSX, Dr. Shamshad Akhtar, and senior management of both the organisations. ​

​The purpose of this platform is to enable Non-Resident Pakistanis (NRPs) to securely invest in their homeland’s capital market in a shariah-compliant manner. This trading platform will be available through the online trading system provided by PSX called KiTS or Karachi Internet Trading System. Any RDA client of an Islamic bank can now avail this platform for investing in PSX through the services offered by more than a 100 securities brokers using KiTS as an Order Management System (OMS).