The Bank of Khyber (BoK) will celebrate 10th anniversary of 'Raast Islamic Banking' in November next, which will enhance the awareness of Islamic Banking among general public across the country. This was stated by Mufti Muhammad Zahid Chairman BoK Shariah Supervisory Committee (SSC), while presiding over the 27th meeting of BoK SSC, being held at federal capital Islamabad, said a press release issued here on Thursday.
The meeting was attended by all members of Shariah Supervisory Committee, ie Professor Syed Muhammad Abbas, Dr Dost Muhammad Khan, Dr Shahzad Iqbal Sham and Muhammad Ayub. The meeting was also attended by BoK Group Head Raast Islamic Banking Kamran Masud Khan, Group Head Operations Shabeer A Sheikh, Shariah Advisor Qazi Abdul Samad and Secretary SSC Muhammad Asad.
The BoK's Shariah Committee expressed their satisfaction over the Shariah compliant Structure of Raast Islamic Banking as well as business performance in terms of deposits which have crossed the mark of Rs 14 billion and financing above Rs 5.5 billion with network of Islamic branches which is comprised 38.
The Shariah Committee also appreciated the proposal of holding 10th anniversary of Raast Islamic Banking of BoK in November 2013 with the aim that BoK Raast Islamic Banking will further attract new customers from across the country. A National Level Conference will also be organised in Peshawar wherein leading experts on Islamic Finances, Shariah Compliant Products and Banking & Financial Sector would be invited as speakers.