It has been reported that Pakistan will be hosting the World Islamic Finance Summit on September 21st and 22nd 2011.
The theme of the first World Islamic Finance Summit in Pakistan is "Islamic Finance Growth and Opportunities", said Chairman of the Conferences and New Initiatives Ozair A. Hanafi, while briefing the media on this occasion.
He said that the mix of local and international participants is an impressive development and the organisers, with the help of supporters and sponsors, are all poised to make this event a big success.
Managing Director of the Conferences and New Initiatives, Syed Shahjahan Salahuddin, said the objective of the Summit is to bring together industry leaders, academicians, think tanks, Shariah scholars, regulators, policy makers, government officials. The participants would get an ideal platform to have fruitful discussions and knowledge sharing with delegates participating from Pakistan and overseas, he said.
The summit aims to provide a forum for the government and private sector organisations to promote the opportunities for investment in Islamic financial instruments and gain greater understanding of the challenges faced by both the sectors,the statement issued on this occasion said. It said the World Islamic Finance Summit marks the beginning of this journey towards the growth of Islamic finance through joint efforts of the industry and the regulators.
The State Bank will be a supporter, Bank AlFalah as its Lead Partner, Al-Baraka Islamic Bank as the Co Lead Partner, IBM as the technology partner, Pak Qatar Takaful Limited, Faysal Bank Limited and Askari Bank Limited as the Partners, Meezan Bank Limited as the TechnicalPartner, Riphah International University asthe technical affiliate.
I think this is a fascinating post and agree that certain improvements need to be made to Islamic banking and products. Also need to make the Islamic banking and financial services more appealing to the main stream markets.
ReplyDeleteThank you for sharing this post.