Advertisement
Categories: BusinessNewsPakistan

Pakistan Paving Way for Islamic Financial Ecosystem: SECP Chief

Advertisement

Pakistan, through holding the international Islamic capital market conference, is paving the way to transition into a sustainable, equitable, and interest-free financial ecosystem.

This was stated by SECP Chairman Akif Saeed in his welcome address at a dinner jointly hosted by the Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX) and National Clearing Company of Pakistan Limited (NCCPL) for the delegates and speakers of the Second International Islamic Capital Markets Conference and Expo that started in Karachi today.

The Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX), and National Clearing Company of Pakistan Limited (NCCPL) proudly hosted a grand welcome dinner in honor of the esteemed delegates and speakers attending the Second International Islamic Capital Markets Conference and Expo.

In his welcome address, SECP Chairman Mr. Akif Saeed emphasized the remarkable progress of Pakistan’s Islamic finance industry and highlighted SECP’s pivotal role, alongside strategic partners such as CDC, PSX, and NCCPL, in promoting Shariah-compliant financial practices and fostering collaboration with international players.

Mr. Saeed remarked, “With initiatives like this conference, we are paving the way for Pakistan to transition into a sustainable, equitable, and interest-free financial ecosystem.”.

The Chief Guest, Shaikh Ebrahim Bin Khalifa Al-Khalifa, Chairman of the Board of Trustees of the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI) and the founding chairman of Meezan Bank, commended Pakistan’s dedication to advancing Islamic finance.

He inspired the audience with his insights on AAOIFI’s global efforts in developing standards for the Islamic finance industry and leveraging these achievements to further promote ethical and Sharia-compliant financial practices worldwide.

Mr. Badiuddin Akber, CEO of CDC and Chairman of the Asia-Pacific Central Securities Depository Group (ACG), Mr. Farrukh Sabzwari, CEO of PSX, and Mr. Imran Ahmed Khan, Acting CEO of NCCPL, presented traditional souvenirs to the conference’s distinguished speakers.

The Second International Islamic Capital Market Conference and Expo, organized under the auspices of SECP, represents a landmark effort to position Pakistan as a leader in Islamic finance.

Under the theme ‘From Tech Transformation to Realizing Sustainability: Building an Inclusive Islamic Capital Market,’ the conference will address critical challenges and opportunities in building a resilient, inclusive, and sustainable Islamic capital market.

More than 20 distinguished international experts and policymakers from various countries – including Bahrain, Saudi Arabia, Nigeria, Malaysia, Türkiye, Oman, Iran, and the United Kingdom will attend.

In addition to the main conference, several events will take place, including pre-conference workshops and an Islamic Finance Exhibition featuring 38 leading institutions.

Advertisement
News Desk

Recent Posts

Farhan Ghani Arrested Over Alleged Assault on Government Servent, FIR registered

Pakistan Peoples Party (PPP) local leader and Chanesar Town Chairman Farhan Ghani has been arrested…

5 days ago

inDrive Partners with Essa Labs to Offer Drivers Up to 40% Off on Health Tests

inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to…

2 weeks ago

tapmad Champions Hockey On and Off the Screen: Shamsher and Live Tournaments Bring the Sport Back into the Spotlight

tapmad Entertainment has cemented its position as a pioneer in Pakistan’s digital entertainment space, not…

2 weeks ago

Airblue Announces 14% Discount on Fares in Celebration of Independence Day

Airblue, one of the country’s leading private airlines, has announced a 14% discount on selected…

2 weeks ago

Ecommerce sector urges Govt for tax reduction and level playing field: PEA

The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…

3 weeks ago

Digital Inclusion, Affordability, and the Battle Against Cash Dominate Jazz Leadership’s GSMA Summit Address

From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…

3 weeks ago