SBP (State Bank declared best central bank for promoting Islamic finance)

Islamabad: State Bank of Pakistan has been declared as the best central bank for promoting Islamic Finance. International Finance News took the decision after conducting an international poll.

Deputy Governor State Bank Saeed Ahmad has welcomed the recognition of State Bank of Pakistan’s efforts at the international level for developing Islamic banking industry on a sound and sustainable basis.

He said that the present government has taken a number of initiatives to support the growth of Islamic finance.

Deputy Governor expressed the resolve to continue efforts for further promotion of Islamic finance.

Pakistan re-entered the international Sukuk market after nine years by issuing a sovereign Ijara Sukuk which was oversubscribed.