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ISLAMABAD, Jul 16 (APP):The BankIslami Pakistan Limited and ZLK Islamic Financial Services, Pakistan’s first Shariah-compliant stock brokerage firm on Wednesday hosted a pivotal session titled “Leading with Purpose”.
The event was aiming to promote Riba-free banking and ethical investments, said a press release.
The event gathered industry leaders, corporate partners, and advocates, including representatives from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Islamabad Chamber of Commerce & Industry (ICCI), Rawalpindi Chamber of Commerce & Industry (RCCI), civil society, armed forces, government, financial institutions, and religious scholars, to discuss faith-aligned financial solutions.
Dr Mufti Irshad Ahmad Aijaz, Chairman of BankIslami’s Shariah Board and former Chairman of the State Bank of Pakistan’s Shariah Advisory Committee in his keynote address highlighted the global rise of Islamic finance, expected to exceed $4.0 trillion by 2026.
He also debunked misconceptions, emphasizing its ethical and inclusive nature.
Dr. Aijaz underscored its alignment with Pakistan’s goal of a Riba-free economy by 2028, as mandated by the Federal Shariat Court.
Rizwan Ata, President & CEO of BankIslami, affirmed the bank’s commitment to advancing Islamic finance.
“We are dedicated to fostering dialogue and driving Riba-free banking forward,” he said.
He further said that the bilateral partnership strengthens the vision for an ethical financial ecosystem.
Zahid Latif Khan, Chairman of ZLK, said that the collaboration builds trust in Shariah-compliant investments, offering accessible opportunities through our digital platform for stocks, Sukuk, REITs, ETFs, and IPOs.
The session featured discussions on Islamic finance’s role in wealth creation and financial literacy, addressing challenges in transitioning to a Shariah-compliant system.