Ahmed Ateeq — CEO, Primus Investment Management
Ayesha Ashraf — Head of Corporate Strategy & Business Planning, BankIslami Pakistan
Azhar Aslam — Head, Islamic Banking, Standard Chartered Bank Pakistan
Bilal Rasul — Exectuive Director, Chairman’s Secretariat, Head of Islamic Finance Department,
Securities & Exchange Commission of Pakistan (SECP)
Muhammad Imran — Group Head-Islamic Banking,United Bank Limited
Muhammad Nasir Ali Syed — CEO, Pak-Qatar Family Takaful
Muhammad Shoaib Ibrahim — CEO, First Habib Modaraba
Sohail Zubairi — CEO, Dar Al Sharia
Yavar Moini — Head, Islamic Solutions, Merchant Banking Group, Bank Alfalah
The Islamic banking industry in Pakistan has progressed considerably since its introduction to the South Asian nation, with its share reaching almost 12% of the overall banking industry in terms of its asset size. The branch network of Islamic banking is continuously expanding throughout the country at a rapid pace, and the strong demand for Shariah compliant banking products is reflective of the State Bank of Pakistan(SBP)’s goal of having a 20% market share by 2020.
The SBP and the Securities and Exchange Commission of Pakistan have played key roles in driving the growth of Islamic finance in the country by creating a facilitative environment. As a result, both the regulators’ initiatives over the years have led to the stability and resilience of the Islamic finance industry, making it a worthy consideration to the conventional finance and banking activities among investors and banking consumers.
With its population slowly but surely becoming aware of the competitive depth of Islamic finance, Pakistan remains a vital market in the eyes of investors in the growing industry.
| Moderator: | Afaq Khan — Global Islamic Banker |
| Panelists: | Ali Muhammad Mahoon — President and CEO, MCB Islamic Bank Hasan Bilgrami — President and CEO, BankIslami Pakistan Dr Muhammad Imran Ashraf Usmani — Executive Member Shariah Supervisory Board and Resident Shariah Board Member, Meezan Bank Syed Samar Hasnain — Executive Director, (Developmental Finance Group)-State Bank of Pakistan Usman Ahmed — CEO, Citi Islamic Investment Bank and Citibank N.A. Bahrain |
| Moderator: | Yavar Moini — Head, Islamic Solutions, Merchant Banking Group, Bank Alfalah |
| Panelists: | Abbas Husain —Managing Director and Head, Project and Export Finance, Middle East, North Africa and Pakistan, Standard Chartered Bank, the UAE Mufti Irshad Ahmad Aijaz — Chairman, Shariah Supervisory Board, BankIslami Pakistan Muhammad Ali Malik — Executive Director(Financial Markets and Reserve Management), State Bank of Pakistan Qasim Aslam — Partner, Dentons, the UAE |
| Moderator: | Muhammad Raza — Group Head of Customer Support, Meezan Bank |
| Panelists: | Bilal Rasul — Executive Director, Chairman’s Secretariat, Head of Islamic Finance Department, Securities & Exchange Commission of Pakistan (SECP) Ghulam Muhammad Abbasi — Director, Islamic Banking Department, State Bank of Pakistan Mufti Muhammad Hassaan Kaleem — Head of Shariah, Dubai Islamic Bank Pakistan Mufti Syed Zahid Siraj — Vice-President and Head of Shariah Audit Department, Burj Bank Muhammad Shoaib Ibrahim — CEO, First Habib Modaraba Mujeeb Baig — Executive Vice-President Group Head, Product Management and Shariah Structuring, MCB Islamic Bank Shahid Ghaffar — Managing Director, National Investment Trust Limited |
| Moderator: | Dr Saad Azmat — Associate Dean Research, Chair Centre for Islamic Finance, Suleman Dawood School of Business, Lahore University of Management Sciences |
| Panelists: | Dr Atiquzzafar Khan — Assistant Professor, International Islamic University, Islamabad Dr Hasan Sohaib Murad — Rector University of Management and Technology (UMT) Dr Irum Saba — Assistant Professor, IBA CEIF Khairul Nizam — COO, Finance Accreditation Agency, Malaysia Mufti Mohammad Najeeb Khan — Resident Shariah Board Member, Summit Bank |
