{"id":396600,"date":"2024-03-27T05:50:22","date_gmt":"2024-03-27T00:50:22","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=396600"},"modified":"2024-03-27T05:50:22","modified_gmt":"2024-03-27T00:50:22","slug":"cdns-achieve-rs-65-billion-in-islamic-investment-bonds","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/cdns-achieve-rs-65-billion-in-islamic-investment-bonds\/","title":{"rendered":"CDNS achieve Rs 65 billion in Islamic investment bonds"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe Central Directorate of National Savings (CDNS) has achieved Rs 65 billion in Islamic finance bonds during the current fiscal year 2023\u201324 till March 25.<br \/>\n\u201cThe National Savings had issued the Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country,\u201d a senior official of the Directorate of National Savings told media here on Tuesday.<br \/>\nThe official said that the CDNS had set the target of collecting Rs 75 billion from the Islamic finance bonds in the financial year 2023\u201324. Some Rs 16 billion were collected through the bonds during July 2023, the first of the ongoing fiscal year, he added.<br \/>\nReplying to a question, he said the CDNS had achieved the target of Rs 60 billion during the last fiscal year (2022\u201323) from the Islamic bonds, and that was why it aimed to introduce new dimensions in the Islamic finance sector.<br \/>\n\u201cIslamic finance now has a very important role in the global financial sector. A large part of the economy of many major countries currently includes Islamic finance,\u201d he added. The official said that work was being done on institutional reforms in the CDNS.<br \/>\nGiven the current market trend in the country, an ambitious target had been set to further improve the savings culture, he added. To another query, the official said that the CDNS had achieved the target of Rs 1200 billion in fresh bonds from July 1, 2023, to March 25, 2024, in the current fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The Central Directorate of National Savings (CDNS) has achieved Rs 65 billion in Islamic finance bonds during the current fiscal year 2023\u201324 till March 25. \u201cThe National Savings had issued the Islamic bonds for the promotion of the Islamic finance system, which will help the development of the Islamic economy in the country,\u201d a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-396600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 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