Islamic finance industry of Pakistan is one of the leading ones in the world - in terms of intellectual acumen, sincerity with the cause, availability of money and capital markets, innovative products, and an enabling regulatory frame work.
I strongly believe that Pakistan can assume the leadership position and become a role model for the world. To achieve this objective, Islamic Finance industry must have one-goal agenda, that being securing the financial future of all people of Pakistan. It is imperative that the industry invests in the future generation of Pakistan which comprises of 60% youth. It should embrace new technologies to expand outreach and enhance efficiency. Furthermore, Islamic finance players should promote entrepreneurship and capacity building initiatives for both economic and social development. I commend the role played by IBA CEIF in talent development for Islamic finance sector.
The one critical factor which can tangibly secure the industry future against failure is standardization. At AAOIFI, we are striving to being about standardistion in global and more specifically standardization of Shari'ah and accounting practices in the Islamic finance industry. I am convinced that the future of Pakistan, and particularly the Islamic Banking industry of Pakistan, is shining bright.
Comments
Comments are closed.