KARACHI: State Bank of Pakistan (SBP) has extended the deadline up to March 5, 2015 for submission of proposals under Financial Innovation Challenge Fund (FICF) 3rd round on "promoting excellence in Islamic finance."
Earlier, the deadline for submission of quality proposals by the potential applicants was February 20, 2015, said SBP press release here on Wednesday.
The 3rd challenge round was unveiled on January 9, 2015 in Islamabad. FICF is a component of the larger financial inclusion programme being implemented by the State Bank under the funding assistance of United Kingdom-Aid.
The objective of this round is to develop education and research infrastructure for promoting Islamic finance in partnership with leading higher education institutions.
The initiative will develop the industry's human capital base in the form of Islamic finance professionals, specialists including Shariah scholars, economists and researchers to realise/ meet the growing demands for Shariah compliant products and services in Pakistan.
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