Dawood Islamic Bank LTD.  
 
March 11,2010 | Rabi`-ul-Awwal 25,1431
Treasury And Financial Institutions

Treasury function is practiced according to the guidelines prescribed by the Shariah advisor of the bank. It manages the liquidity position of the bank and caters to the needs of the branches and customers for their funds requirements in all currencies. Rates in all currencies are provided to Branch/Customers with in shariah guidelines for the booking of trade related transactions as well as for the mobilization of deposits. In additions, treasury also facilitate customers who seeks advices about the future outlook on the various currencies on a regular basis (without any commitment & obligation).

 

Under the shariah approved modalities of Musharakah /Murahaba & Mudaraba, Treasury has the ability to access the interbank money market with both Islamic as well as conventional financial institutions. Treasury also manages the statuary requirements with the central bank and also looks after the activities of its off shore accounts. DIBL will conduct FCY Commodity Murabaha transaction for their FE 25 US $ depositors with international banks Soon, treasury will provide shariah compliant investment opportunities in capital market that provides halal income ultimately to its customers. 

 

 
 
 
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