• Clients can now toggle between conventional and Islamic modes based on their preferences.
• Non-Shariah stocks, the futures market, and margin financing will not be available in the Islamic Terminal.
• Within the Shariah Terminal, clients will be able to trade using Islamic modes. For instance, they can only buy shares of Shariah-compliant scrips and cannot sell them before the T+2 settlement (i.e., two days after purchase, once they have received delivery/ownership of the shares).
• Efforts are underway to enable Murabaha (an Islamic mode of financing) for margin financing in Shariah-compliant shares, in collaboration with the respective stakeholders.
• Back-end account segregation into Islamic and Conventional modes, along with the corresponding risk regime setup, is aligned with the toggling functionality.

First time in Pakistan, any brokerage house is offering an Islamic mode of Trading Terminal.