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IM Sciences

Strengthening Islamic Finance: Bank Alfalah Partners with CEIF IMSciences

KARACHI, November 26, 2024: Bank Alfalah has entered a strategic alliance with the Centre for Excellence in Islamic Finance (CEIF) at IMSciences, Peshawar, to accelerate growth and innovation in Pakistan’s Islamic finance sector. The partnership focuses on fostering education, talent development, and industry growth. Key initiatives include sponsorships for deserving students, collaborative research to tackle…

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Pak-Qatar Group and ILMA University Collaborate to Strengthen Workforce

KARACHI, 25 November 2024: In a pioneering move to address the growing demand for skilled professionals in the Islamic finance sector, Pak-Qatar Group (PQG), a leading name in the country’s Islamic financial services, has entered into a strategic partnership with ILMA University. The partnership was formalized through the signing of a Memorandum of Understanding (MoU),…

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SCB

SBP Mandates Full Transition to Islamic Finance by December 2027 at SCB Global Majlis 2024

Karachi, October 23, 2024: Speaking at the SCB Global Majlis 2024 in Karachi, the Deputy Governor of the State Bank of Pakistan (SBP) delivered a decisive message on the nation’s future financial system. He announced that Pakistan must transition completely to an Islamic financial framework by December 2027, per a constitutional mandate. This directive leaves…

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