KARACHI: HABIBMETRO Sirat – The Islamic banking brand of HABIBMETRO Bank, organised the first HABIBMETRO Sirat Islamic banking summit which was attended by various stakeholders including SBP, PSX & SECP officials as well as CEOs and Shariah Board members of various banks, scholars and businessmen.

The summit was held in honour of the visit of HABIBMETRO Sirat’s Shariah Board Chairman Tan Sri Dr Daud Bakar, a globally renowned Malaysian Shariah scholar and award-winning author. Dr Daud is the Founder & Group Chairman of Amanie Group and is a Shariah Board Member of various foreign banks. He has been awarded with ‘The Royal Award for Islamic Finance 2022’ by the King of Malaysia.

Speaking at the event, Tan Sri Dr. Daud Bakar, said, “I am extremely delighted and privileged to be here in Pakistan and to represent HABIBMETRO Bank, which has established itself as one of the most trusted financial institutions here in Pakistan, courtesy its global vision of advancing forward and playing a pivotal role in shaping the Islamic finance sector of the country.”

The inaugural session of the Summit was presided by Sima Kamil, Deputy Governor, State Bank of Pakistan. During her address the Deputy Governor said, “Finance is a fundamental pre-requisite for growth of any economy and Islamic finance by virtue of its faith based nature offers inherent synergies with risk and rewards mechanisms which offer an ideal solution. Islamic finance structures are derived from Shariah, which dictates that Islamic financial transactions should be supported by underlying productive activities and emphasizes on a close relationship between financial transactions and the real economy.”

Mohsin Ali Nathani, President & CEO HABIBMETRO while welcoming participation of the esteemed guests at the Banking Summit said, “We are immensely honored to have Tan Sri Dr. Daud Baker, a scholar and author of international repute, chair HABIBMETRO Sirat’s Shariah Board.’’

Copyright Business Recorder, 2023