ISLAMABAD (PR): Al Baraka Bank Pakistan was the lead advisor and arranger on a Rs3 billion First Musharaka based Islamic transaction to Zaver Petroleum Corporation Limited. This is the first one-of-a-kind Shariah compliant Islamic transaction, in the Upstream oil and gas industry for a business conglomerate like Zaver. The signing ceremony took place at a local hotel. Present at the occasion were Mr. Saddruddin Hashwani, Chairman Hashoo Group, CEO Al Baraka Pakistan, Mr. Shafqaat Ahmed and representatives of the Zaver Group, Al Baraka and member banks of the consortium; United Bank, Askari Bank, Bank of Punjab, Dubai Islamic Bank and Burj Bank.