HabibMetro Sirat – the Islamic banking model of HABIBMETRO Financial institution, organized the primary HABIBMETRO Sirat Islamic Banking Summit which was attended by varied stakeholders together with SBP, PSX & SECP officers, in addition to CEOs and Shariah Board Members of varied banks, Shariah students, and businessmen.

The Summit was held in honor of the go to of HABIBMETRO Sirat’s Shariah Board Chairman Tan Sri Dr. Daud Bakar, a globally famend Malaysian Shariah scholar and award-winning creator.

Dr. Daud is the Founder & Group Chairman of Amanie Group and is a Shariah Board Member of varied overseas banks. He has been awarded ‘The Royal Award for Islamic Finance 2022’ by the King of Malaysia.

In the course of the day-long summit, Tan Sri Dr. Daud Bakar held interactive classes with numerous viewers teams and mentioned rising alternatives and challenges within the international Islamic banking trade.

Talking on the occasion, Tan Sri Dr. Daud Bakar, stated, “I am extremely delighted and privileged to be here in Pakistan and to represent HABIBMETRO Bank, which has established itself as one of the most trusted financial institutions here in Pakistan, courtesy its global vision of advancing forward and playing a pivotal role in shaping the Islamic finance sector of the country.”

The inaugural session of the Summit was presided over by Ms. Sima Kamil, Deputy Governor, State Financial institution of Pakistan. Throughout her tackle, the Deputy Governor stated, “Finance is a fundamental pre-requisite for growth of any economy and Islamic finance by virtue of its faith-based nature offers inherent synergies with risk and rewards mechanisms which offer an ideal solution.”

“Islamic finance structures are derived from Shariah, which dictates that Islamic financial transactions should be supported by underlying productive activities and emphasizes a close relationship between financial transactions and the real economy,” she added.

Discussing the challenges confronted in direction of the transformation of typical banking into Islamic Banking, she stated, “The key challenge here is the adequate supply of Islamic finance experts.”

“There is a growing need for qualified Islamic finance professionals who can spearhead the financial industry to the next stage, However, she assured that the State bank of Pakistan remains fully committed to provide all possible support and facilitation to the banks during their conversion process,” she added.

Mohsin Ali Nathani, President & CEO HABIBMETRO whereas welcoming the participation of the esteemed visitors on the Banking Summit stated, “We’re immensely honored to have Tan Sri Dr. Daud Baker, a scholar and creator of worldwide reputation, chair HABIBMETRO Sirat’s Shariah Board.

His go to to Pakistan is an immense studying alternative for all of us. His steerage and management give notable impetus to HABIBMETRO’s Islamic banking phase. His management, together with the supportive atmosphere offered by the SBP for the promotion of Islamic Banking, will insha’Allah drive significant development in HABIBMETRO Sirat’

HABIBMETRO has been selling Islamic banking for the final 18 years. The Financial institution’s imaginative and prescient is in alignment with the federal government and SBP’s strategic plan for the promotion and development of Islamic banking in Pakistan.

Sirat is a worldwide model that provides Islamic merchandise in 5 key markets, with Pakistan being the biggest market; the Sirat model was home-grown in Pakistan and exported to the UK, UAE, South Africa, and Switzerland. In Pakistan, HABIBMETRO Sirat is amongst the highest 5 Islamic Banking Home windows.

HABIBMETRO Financial institution is a subsidiary of Habib Financial institution AG Zurich, which operates in 10 nations throughout 4 continents. HABIBMETRO Financial institution has a community of 500 branches in 194 cities throughout Pakistan. HABIBMETRO Sirat operates with 61 devoted branches and 242 home windows in 59 cities throughout Pakistan.

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