‘Islamic banking has potential in Pakistan’

[Lahore_Real_Estate]

KARACHI: President Karachi Chamber of Commerce & Industry Abdul Majeed has urged Islamic banks to introduce new products for industrialists.

Speaking at a seminar on Islamic Banking and Finance jointly organised by AlHuda Centre of Islamic banking and Finance and Karachi Chamber of Commerce and Industry, he said industrialists in Pakistan welcomed Islamic banking openheartedly and they have started benefiting from Islamic banking. Head of Islamic Banking, State Bank of Pakistan, Saleemullah said Islamic banking and finance is developing fast in Pakistan. He emphasised on all the stakeholders of Islamic banking and finance in Pakistan to join hands for its promotion. He praised the efforts of AlHuda Centre of Islamic Banking and Economics to promote this cause. He added there is a glorious future of Islamic banking in Pakistan. Zubair Mughal, Chief Executive Officer, AlHuda Centre of Islamic Banking and Economics, said they were organising over 200 seminars in various press clubs and bar associations of almost all major cities of Pakistan to promote awareness of Islamic Banking and Finance. staff report