Islamic Finance and Shariah-Compliant Investment Funds: Pakistan to host on ference on April 23

The Financial world is banking upon the Islamic Finance and Shariah Compliant Investment Funds, in the backdrop of the current global financial crisis, which in turn is bringing a boost to the Islamic Funds and Sukuks. Considering the healthy global growth in this sector, an International Conference is being organised on April 23, in Karachi in order to strengthen the Islamic finance sector in Pakistan.
Research papers will be presented and productive discussions will be undertaken to highlight the role of Pakistan in the global Islamic finance market. Islamic finance is making healthy growth in Pakistan which now stands over 1000 Islamic banking branches from five Islamic banks and 13 Conventional banks with Islamic finance operations. In addition, we have good support from five Takaful companies, Mudarabah companies, 20 Islamic microfinance institutions, over 30 Sukuk issues and 15 fund managers have launched their Islamic Funds, which have made prominent role of Pakistan in the global Islamic finance canvas.
The organiser of this International Conference and Chief Executive Officer, AlHuda - Centre of Islamic Banking and Economics, Zubair Mughal while declaring the objectives behind this conference, highlighted the valuable contribution by Pakistanis in research, shariah and skilled professionals bringing strong alternative in a difficult financial situation faced by the world.-PR