KARACHI: The management and sponsors of Dubai Islamic Bank Pakistan (DIBP) have no intention to divest any portion of its equity to local investors.
This was stated by the CEO of DIBP Junaid Ahmed while responding to the queries of journalist at the opening of first dedicated Islamic banking training centre here on Tuesday. The head of Shari'a of DIB, Dr Muhammad Qaseem was also present on the occasion.
"Let there be no doubt about DIBP's intent and commitment to stay in Pakistan. Bank's management and its shareholders had no intentions of divesting any portion of its equity to the local investors", he categorically said.
Junaid maintained that all such rumours about this subject should be shunned once for all. "The main shareholder Dubai Islamic Bank UAE has not only been supportive of our current progress but have also encouraged us to present another aggressive strategic expansion plan about DIBP for the next 5 years", he opined.
The CEO also asserted that Pakistan has plenty of room for the growth of the Islamic banking industry. All Islamic banks operating in Pakistan are rapidly expanding their businesses and branch network which indicates the presence of an overall healthy economic environment in the country.
Dr Muhammad Qaseem said that DIB has been continuously providing extensive training to its staff on Islamic banking since its inception in 2006.
However with growing expansion of the Bank and entry of new staff, a dedicated facility for training was the need of the hour. The dedicated Training Centre will cater to the primary introduction to Islamic Banking as well as specialized training on Shari'a compliant products and services offered by the Bank.
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