Pakistan is striving for a sustainable, equitable and interest-free financial ecosystem: SECP Chairman Akif Saeed

 Thursday, December 12, 2024



Karachi (Point News Today / Pakistan Point News - NNI. 12th December, 2024) Chairman of the Securities and Exchange Commission of Pakistan, Akif Saeed, has said that Pakistan is taking steps to transform itself into a sustainable, equitable and interest-free financial ecosystem through the International Islamic Capital Conference. He expressed these views while addressing a dinner in honor of the distinguished guests and speakers participating in the second International Islamic Capital Markets Conference organized by the Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX) and National Clearing Company (NCCPL).


The conference has started from December 12. In his welcome address, Akif Saeed, Chairman, Securities and Exchange Commission of Pakistan, highlighted the significant progress made by Pakistan’s Islamic finance industry and highlighted the important role of SECP, along with strategic partners like CDC, PSX and NCCPL, in promoting Sharia-compliant financial practices and cooperation with international institutions.


The chief guest on the occasion, Sheikh Ibrahim bin Khalifa Al Khalifa, Chairman, Board of Trustees, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and Founding Chairman, Meezan Bank, appreciated Pakistan’s efforts for the development of Islamic finance. He briefed the participants about AAOIFI’s global efforts to develop standards for the Islamic finance industry and further promote ethical and Sharia-compliant financial practices worldwide.


On this occasion, Badiuddin Akbar, CEO of CDC and Chairman of Asia Pacific Central Securities Depository Group (ACG), Farrukh H. Sabzwari, CEO of PSX and Imran Ahmed Khan, Acting CEO of NCCPLK presented souvenirs to the speakers of the conference. The 2nd International Islamic Capital Market Conference and Expo organized by SECP is a reflection of a historic effort to position Pakistan as a leader in Islamic finance.

Under the theme of “From Technological Transformation to a Sense of Sustainability: Building a Comprehensive Islamic Capital Market”, the conference will discuss the key challenges and opportunities in building a resilient, comprehensive and sustainable Islamic capital market. More than 20 prominent international experts and policymakers from various countries including Bahrain, Saudi Arabia, Nigeria, Malaysia, Turkey, Oman, Iran and the United Kingdom are participating in the conference. In addition to the main conference, other events will also be held, including pre-conference workshops and an Islamic Financial Exhibition. 38 prominent institutions are participating in this exhibition.

Comments

Post a Comment

Popular posts from this blog

The death anniversary of Chaudhry Ghulam Abbas was observed in the three tehsils of Bhimber district, Samahni, Barnala and Bhimber.

 Wednesday 18 December 2024 Bhimber, Barnala Samahni (Point News Today - NNI. December 18, 2024) The death anniversary of Rais-ul-Ahrar Quaid-ul-Millat Chaudhry Ghulam Abbas was celebrated in the three tehsils of Bhimber district, Samahni, Barnala, Bhimber with the resolve that he would play a role in the construction and development of the state of Azad Kashmir, the stability of Pakistan and the independence of occupied Kashmir until his death. On the instructions of Deputy Commissioner Bhimber Mirza Arshad Mahmood Jaral, celebrations were held on the occasion of this day at educational institutions and other places in the three tehsils, in which a large number of people from all schools, including administrative officers, participated.
Read more