34.9 C
Islamabad
Friday, June 18, 2021

9th Islamic Finance Expo & Conference 2020, organised by IBA

Must read

Pakistani mountaineer Sirbaz Khan feted for Everest ascent

Naveed Ahmad Khan Islamabad:The successful ascent of Mt. Everest by Pakistani Mountaineer Sirbaz Khan was feted at a high-profile reception by Serena Hotels on Wednesday...

Indian steps in IIOJK to imperil regional peace: Pakistan

ISLAMABAD: Pakistan on Thursday warned India to refrain from any further steps regarding Indian Illegally Occupied Jammu and Kashmir (IIOJK), saying the President of the...

Khyber Pakhtunkhwa hosted 5G trial in a limited environment

Peshawar, June 17, 2021: Khyber Pakhtunkhwa successfully tested 5G technology in collaboration with PTCL Group and Khyber Pakhtunkhwa Information Technology Board (KPITB), under the umbrella...

Systems Limited wins Lahore Chamber of Commerce & Industry IT Award

Lahore: Systems Limited humbly announced another winning moment. The Lahore Chamber of Commerce & Industry (LCCI) awarded Systems Limited with the President IT Award....

IBA CEIF as a Knowledge Partner with The Professionals Network organised 9th Islamic Finance Expo & Conference 2020 at Karachi Marriott Hotel. While addressing participants of Conference Federal Minister of State for Pakistan Affairs Mr. Ali Muhammad Khan stressed on eliminating RIBA from Pakistan’s Economy and from financial supply chain. He said the vision of Prime Minister Imran Khan in line with our founder Quaid e Azam Mohammed Ali Jinnah is a Riba Free Economy. He further stated that vision of Riasat-e-Madina can only be achieved by eliminating Riba from Pakistan.

Deputy Governor State Bank of Pakistan Ms. Sima Kamil said that the growth of low cost housing is the solution to acute economic problems of the masses. She further said, Islamic Banking and finance can play a vital role while offering interest free housing financing facilities to underprivileged people of Pakistan.

Irfan Siddiqui, President & CEO of Meezan Bank Limited said that keeping in view the high public demand and growth of Islamic finance the midterm vision for Islamic banking is to achieve 50 percent market share in the country. He further stated, “With an aim to attract more deposits and customers, Islamic banking industry needs to deliver higher service quality to its customers while ensuring Shariah compliance and use of technology”.

Ahmed Ali Siddiqui, Director IBA CEIF and Head Shariah Compliance & SEVP, Meezan Bank Ltd. moderated the panel discussion on Islamic Banking 2025 Challenges & Opportunities.

Syed Amir Ali, President & CEO of Bank Islami said that there is a growing need and demand for riba-free solutions to meet the legitimate financial needs of businesses and individuals. If there is a demand for Islamic financial institutions, we will be there to fulfill it, he further remarked.

Mehmood Tareen, CEO, TPN, mentioned that The Professionals Network has taken an initiative in June 2012 to create the awareness of Islamic Banking & Finance among the corporate sector as well as in the masses.

Ateeq Ur Rehman (Economic & financial Analyst) at the inaugural session emphasized that Islamic Banking needs to increase their contributions towards health services, education, and should work for development of economy.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Pakistani mountaineer Sirbaz Khan feted for Everest ascent

Naveed Ahmad Khan Islamabad:The successful ascent of Mt. Everest by Pakistani Mountaineer Sirbaz Khan was feted at a high-profile reception by Serena Hotels on Wednesday...

Indian steps in IIOJK to imperil regional peace: Pakistan

ISLAMABAD: Pakistan on Thursday warned India to refrain from any further steps regarding Indian Illegally Occupied Jammu and Kashmir (IIOJK), saying the President of the...

Khyber Pakhtunkhwa hosted 5G trial in a limited environment

Peshawar, June 17, 2021: Khyber Pakhtunkhwa successfully tested 5G technology in collaboration with PTCL Group and Khyber Pakhtunkhwa Information Technology Board (KPITB), under the umbrella...

Systems Limited wins Lahore Chamber of Commerce & Industry IT Award

Lahore: Systems Limited humbly announced another winning moment. The Lahore Chamber of Commerce & Industry (LCCI) awarded Systems Limited with the President IT Award....

FBR faces backlash from Steel industries over new tax measures

PALSP raises industry’s concerns on withdrawal of FED for steel producer Naveed Ahmad Khan ISLAMABAD: Addressing a joint press conference Abbas Akberali Patron-in-Chief Pakistan Association of...