Islamabad, Dec 12: Pakistan is laying the groundwork for the shift to a sustainable, just, and interest-free financial ecosystem by hosting the worldwide Islamic capital market conference. SECP Chairman Akif Saeed made this statement during his welcome speech to the speakers and delegates of the Second International Islamic Capital Markets Conference and Expo, which began in Karachi today.
The dinner was organized by the Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX), and National Clearing Company of Pakistan Limited (NCCPL).To honor the distinguished delegates and speakers attending the Second International Islamic Capital Markets Conference and Expo, the Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX), and National Clearing Company of Pakistan Limited (NCCPL) threw a lavish welcome dinner.
In his welcome speech, SECP Chairman Akif Saeed praised the impressive development of Pakistan’s Islamic finance sector and underlined the critical role that SECP plays in advancing Shariah-compliant financial practices and encouraging cooperation with global players, in conjunction with strategic partners like CDC, PSX, and NCCPL.
“We are laying the foundation for Pakistan to move towards a sustainable, fair, and interest-free financial ecosystem with initiatives like this conference,” Saeed said. Shaikh Ebrahim Bin Khalifa Al-Khalifa, the founding chairman of Meezan Bank and head of the board of trustees of the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI), was the chief guest and praised Pakistan’s commitment to promoting Islamic banking.
With his insights on AAOIFI’s global efforts to create standards for the Islamic finance sector and use these successes to further advance moral and Sharia-compliant financial practices globally, he motivated the audience.
The renowned speakers at the conference were given customary mementos by Farrukh Sabzwari, CEO of PSX, Imran Ahmed Khan, Acting CEO of NCCPL, and Badiuddin Akber, CEO of CDC and Chairman of the Asia-Pacific Central Securities Depository Group (ACG).
Under the sponsorship of SECP, the Second International Islamic Capital Market Conference and Expo is a historic endeavor. The conference, which has as its theme “From Tech Transformation to Realizing Sustainability: Building an Inclusive Islamic Capital Market,” will discuss important obstacles and possibilities in creating an Islamic financial market that is robust, inclusive, and sustainable.
Over 20 respected international academics and officials from a range of nations, including the United Kingdom, Bahrain, Saudi Arabia, Nigeria, Malaysia, Turkey, Oman, and Iran, will be present. There will be a number of events in addition to the main conference, such as pre-conference seminars and an Islamic Finance Exhibition with 38 top institutions.
