IFN Forum 2018 - Pakistan | REDmoney Group | 1 August 2018 | State Bank of Pakistan, I.I Chundrigar Rd, Lalazar, Karachi, Karachi City, Sindh 74000, Pakistan

Favorable demographics and strong political will have helped Pakistan to become one of the world’s most promising Islamic financial markets.

Home to the second-largest Muslim population globally, the Pakistani government is committed to advancing its Shariah finance industry with effective regulations and measures, and it has had considerable success building its industry from banking, funds, Sukuk and Takaful.

The South Asian nation has also made its mark in the Sukuk landscape: under its Sukuk regulations, the sovereign has tapped the international market several times including a US$1 billion facility in November 2017 which received overwhelming demand; outstanding government of Pakistan Sukuk Ijarah reached PKR385.4 billion (US$3.28 billion). The positive Sukuk momentum is also gaining ground in the corporate space.

The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) continue to support the industry and have dedicated themselves to building an enabling environment for the industry. Most recently, the SECP introduced the new Shariah Governance Regulations while the SBP in 2017 issued detailed guidelines for the conversion of conventional banks into Islamic banks and facilitated tax neutrality for Shariah compliant transactions.

2018 Partners

SUPPORTED BY:
• State Bank of Pakistan

MULTILATERAL STRATEGIC PARTNERS:
• ICD
• ICIEC
• itfc
• The Islamic Solidarity Fund For Development
• IDB Group Business Forum (THIQAH)

PARTNER:
• Jubilee Life Insurance Company

HOST MEDIA PARTNERS:
• IFN Islamic Finance News
• IFNFINTECH
• IFNCORPORATE

MEDIA PARTNERS:
• CMO Asia
• ICO Holder