Two-day training titled “Islamic Capital Markets, Sukuk & Fintech: From Theory to Practice”
FAISALABAD FEB 16: The future of Shariah-compliant finance will not only be shaped just in boardrooms, but also in classrooms and research centers. Whereas, the global Islamic finance industry growth has established itself as a significant pillar of the international financial system and non-Muslim countries recognise Islamic finance as a component of sustainable and ethical alternative finance education. It was stated by speakers while addressing a two-day training titled “Islamic Capital Markets, Sukuk & Fintech: From Theory to Practice”, organized by Centre of Islamic Finance(CIF) Institute of Business Management Sciences (IBMS), University of Agriculture Faisalabad (UAF) to promote understanding of Shariah-compliant financial systems and their growing relevance in the modern economy. SBP Chief Manger Faisalabad Fouzia Aslam stressed the need for regulatory compliance, investor awareness and innovation to expand the outreach of Shariah-compliant financial products globally. She said that bridging theory with practice will ensure the steady growth of Islamic capital markets. Director IBMS Prof. Dr Abdul Ghafoor said that Islamic Capital Markets provide a Shariah-compliant alternative to conventional financial systems by ensuring transparency, risk-sharing and ethical investment. He said that this worldwide expansion has naturally propelled Islamic finance into an important academic field Mufti Zubair Ahmad (Shari'ah Board Member Meezan Bank Limited) called for develop a clear understanding of Shariah governance, financial instruments and ethical investment strategies. Mufti Muhammad Abdullah Usmani emphasized that Islamic contracts are based on mutual consent, transparency and justice. He explained that principles such as prohibition of interest, avoidance of excessive uncertainty and ensuring asset-backed transactions form the foundation of Islamic finance. Dr Sultan Habib Ullah Director Research said participants would gain the skills necessary to contribute effectively to the Islamic banking and finance sector. Director Institute of Agriculture and Resource Economic Dr Asghar Ali Director that strengthening Islamic financial literacy is essential for building a just and equitable economic framework in Pakistan. Moazzam Saeed, General Manager, Meezan Bank Ltd said that Pakistan has immense potential to strengthen its Islamic capital market through strategic reforms and investor confidence. He noted that digital platforms, and smart contracts can enhance transparency and efficiency while maintaining Shariah compliance. Dr. Sahar Munir, Focal Person, Center of Islamic Finance-IBMS,UAF gave an overview of the center and highlighted the key activities carried out by the center.
