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Pakistan is paving the way for a sustainable, equitable, and interest-free financial ecosystem, according to SECP Chairman Akif Saeed.
Speaking at a dinner hosted by the Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX), and National Clearing Company of Pakistan Limited (NCCPL), Saeed emphasized the remarkable progress of Pakistan’s Islamic finance industry.
The dinner was held in honor of delegates and speakers attending the Second International Islamic Capital Markets Conference and Expo, which started in Karachi today. Saeed highlighted SECP’s pivotal role in promoting Shariah-compliant financial practices and fostering collaboration with international players. He noted that initiatives like the conference are crucial in transitioning Pakistan to a sustainable and equitable 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), commended Pakistan’s dedication to advancing Islamic finance. He shared insights on AAOIFI’s global efforts in developing standards for the Islamic finance industry and promoting ethical and Sharia-compliant financial practices worldwide.
The Second International Islamic Capital Market Conference and Expo is a landmark effort to position Pakistan as a leader in Islamic finance. The conference will address critical challenges and opportunities in building a resilient, inclusive, and sustainable Islamic capital market. Over 20 international experts and policymakers from various countries will attend the conference, which will feature pre-conference workshops and an Islamic Finance Exhibition showcasing 38 leading institutions.
