TG’s Islamic Desk is primarily responsible to manage ABL-Islamic liquidity requirements. It deals in approved Shariah compliant Treasury products only.ABL Islamic Desk is an active player in interbank market and also facilitates clients for their everyday transactional needs. It also provides Foreign Exchange and sukuk portfolio securities rates to Islamic Banking Branches / customers for their transactions. To protect our customers from exchange rate risks arising out of volatile currency movement, we also offer Forward Cover product (Wa’ad).
Key tasks performed by TG’s Islamic Desk are mentioned below;
- Placement/Acceptance of funds in interbank market through Wakala/Mudarbah/Musharka Bai-muajjal, outright sale/purchase of sukuks
- Provides prices to clients for buying and selling of Ijarah sukuk.
- Provides IPS custodial services.
- Provide FX rates to branches/clients.
TGs Islamic Desk can be contacted on following number;