KARACHI: A local media house recently organized the 4th Round Table Conference on Islamic Banking with the aim of bringing all stakeholders under one roof to discuss the way forward for the growth and development of Islamic Banking in the country.

President Dr Arif Alvi, Shaukat Tareen Federal Finance Minister, Dr Reza Baqir Governor State Bank of Pakistan, Dr Ishrat Hussain Advisor to the Prime Minister, Yousaf Hussain President & CEO of Faysal Bank Ltd and other notable speakers attended the conference.

Speaking on the occasion, Yousaf Hussain President & CEO of Faysal Bank, shared Faysal Bank's successful transformation experience from a conventional to an Islamic Bank. As the fastest growing Islamic bank in Pakistan offering a complete range of Islamic banking products and services, Faysal Bank has emerged as one of the major players in Pakistan's banking industry. Currently, almost 90 percent of the Bank's branch network is Islamic, making Faysal Bank the second largest Islamic network in Pakistan.

Faysal Bank's conversion has been recognized as the largest & most successful Islamic conversion globally. In appreciation of its unprecedented transition and remarkable growth, Faysal Bank has been recognized as the "Best Emerging Bank 2020" at the Pakistan Banking Awards (PBA). Marking its contribution and excellence in Islamic Banking, Faysal Bank has also been awarded with the "Best Emerging Islamic Bank 2020" recognition by the Global Islamic Finance Awards (GIFA). Faysal Bank is all set to complete the transformation into a full-fledged Islamic Bank by middle of 2022 Insha'Allah. Customers' trust and employees' dedication are being regarded as the main success factors behind the historic conversion journey. Yousaf Hussain, thanked the State Bank of Pakistan for their continuous support and patronage.-PR

Copyright Business Recorder, 2021

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