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FAISALABAD, Nov 14 (APP):Centre of Islamic Finance, Institute of Business Management Sciences (IBMS), University of Agriculture Faisalabad (UAF) has organized a one-day workshop on the “comparative perspectives of traditional and Islamic banking” in collaboration with NIBAF–State Bank of Pakistan (SBP) and Meezan Bank Limited.
The event brought together faculty members from various universities, officials from SBP, NIBAF, and Meezan Bank, as well as postgraduate students and researchers interested in the field of Islamic finance.
In his remarks, Prof. Dr. Zulfiqar Ali, Vice Chancellor, University of Agriculture, Faisalabad reaffirmed his commitment to strengthening academia–industry linkages and emphasized the need to simplify and promote understanding of Islamic finance and banking among students and professionals.
Prof. Dr. Abdul Ghafoor, Director IBMS, appreciated the collaboration of Meezan Bank and UAF in organizing the event. Fouzia Aslam, Chief Manager, State Bank of Pakistan (Faisalabad), commended the joint efforts of UAF, NIBAF-SBP, and Meezan Bank for organizing the workshop.
Mr. Muhammad Sohail Khan, Deputy Director, NIBAF, outlined the objectives of the workshop and introduced the trainer.
The keynote address was delivered by Mufti Muhammad Najeeb Khan, a distinguished scholar in Islamic jurisprudence, who currently serves as Chairman, Sind Bank Shariah Board, and Member, Shariah Committee for Shariah Standards (Pakistan Chapter, AAOIFI) as well as the Committee on Islamic Accounting Standards.
During his sessions, Mufti Muhammad Najeeb Khan discussed various concepts, practical issues, and common misconceptions in Islamic finance, offering participants valuable insights into the operational framework of Shariah-compliant banking.
Mr. Ishtiaq Ahmed, Senior Area Manager, Meezan Bank, reiterated the bank’s commitment to organizing more collaborative initiatives with IBMS–UAF in the future.
Dr. Sahar Munir, Focal Person, Centre of Islamic Finance, UAF, highlighted the importance of such capacity-building programs, noting that by 2027, Pakistan’s entire banking system is expected to transition to a fully Shariah-compliant framework.