Pakistan has better regulatory framework for Islamic Banking

Launch of Urdu version of AAOIFI’s Shariah Standard

Pakistan has better regulatory framework for Islamic Banking The Islamic Banking Industry of Pakistan in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution of Mufti Muhammad Taqi Usmani, launched Urdu version of the Book ‘Sharaie Mayaarat’. Renowned leaders from Pakistan’s financial sector spoke on the occasion. Governor, State Bank of Pakistan, Mr. Tariq Bajwa was the Chief Guest, while Mufti Muhammad TaqiUsmani, Chairman of AAOIFI Shariah Board, Shaikh Ebrahim Bin Khalifa AlKhalifa, Chairman of AAOIFI Board of Trustees, Mr. Omar Mustafa- Acting Secretary General- AAOIFI and Mr. Irfan Siddiqui- Chairman Steering Committee were among the keynote speakers on the occasion. The ceremony was widely attended by heads of national and multinational banks operating in Pakistan, senior bankers, government officials and media. 

Governor SBP Tariq Bajwa said, “I feel honored to be here on this important occasion of launch of Urdu version of AAOIFI’s Shariah Standards. We are all aware that national language is an important ingredient of a:ny culture and most effective mode of communication in a country.

Image courtesy: Cordoba School

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