8.8 C
Islamabad
Saturday, January 22, 2022

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

Must read

Mega corruption::::::: Strong trial of cases against big fish top most priority:  Chairman NAB

ISLAMABAD: National Accountability Bureau (NAB) Chairman Honourable Justice Javed Iqbal has said that Vigorous prosecution of mega corruption white collar crimes cases against big...

Constitutional amendment needed for S. Punjab province: FM

Seeks opposition’s names Parliamentary panel ISLAMABAD;  Foreign Minister Shah Mahmood Qureshi on Thursday wrote a letter to Opposition Leader of National Assembly Shehbaz Sharif and...

5.4% :::::::: Economy to grow faster than FY 2021: Hammad

ISLAMABAD: Minister for Energy Hammad Azhar on Thursday said that Pakistan’s economy would grow faster than 2021 forecast.  “Made the assessment on 7th April...

Defamation case::::::::::::: IHC allows Kh Asif to cross-examine PM

ISLAMABAD: Islamabad High Court (IHC) on Thursday has allowed Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif to cross-examine Prime Minister (PM) Imran Khan in...

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

Mega corruption::::::: Strong trial of cases against big fish top most priority:  Chairman NAB

ISLAMABAD: National Accountability Bureau (NAB) Chairman Honourable Justice Javed Iqbal has said that Vigorous prosecution of mega corruption white collar crimes cases against big...

Constitutional amendment needed for S. Punjab province: FM

Seeks opposition’s names Parliamentary panel ISLAMABAD;  Foreign Minister Shah Mahmood Qureshi on Thursday wrote a letter to Opposition Leader of National Assembly Shehbaz Sharif and...

5.4% :::::::: Economy to grow faster than FY 2021: Hammad

ISLAMABAD: Minister for Energy Hammad Azhar on Thursday said that Pakistan’s economy would grow faster than 2021 forecast.  “Made the assessment on 7th April...

Defamation case::::::::::::: IHC allows Kh Asif to cross-examine PM

ISLAMABAD: Islamabad High Court (IHC) on Thursday has allowed Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif to cross-examine Prime Minister (PM) Imran Khan in...

Pak GDP expands to $346.76b in FY21:NAC

ISLAMABAD: The National Accounts Committee (NAC) Thursday approved the revised figures of Pakistan’s Gross Domestic Product (GDP) growth rate of 5.37% against the provisional...