Thread by @Jachattha

Pleasure to Chair this distinguished panel of speakers at #GIFS2020: Former Governor @StateBank_Pak @1sakhtar; Mr. Abbasi, SBP; CEO @faysalbank; CEO @habib_metro; CEO @DibPakistan.
Had excellent discussion on #IslamicFinance issues in 🇵🇰. Thanks @ArifAlvi President for coming.

Excellent recommendations for #IslamicFinance to become relevant and agile. Setting up National Committee for Islamic finance comprising various members from industry @StateBank_Pak @SECPakistan and banks, academia and professionals for setting "Top-down* approach.

This National Committee similar to Indonesia @kneks_id for setting strategic direction and bringing all stakeholders together and measuring progress on Islamic finance. I emphasised on this and panel supported. There is good progress but need support from govt.

16% market share of Islamic banking should be double in next 5 years but it requires concerted efforts of individuals, institutions and govt. Takaful, Islamic capital markets, social finance, SMEs and microfinance, all segments should flourish together with right direction.

Absolutely pleasing to set good precedent for bringing regulators and market players and govt together to work towards #IslamicFinance development, promotion and advocacy.

Pleasing to see His Excellency President @ArifAlvi and @DRezaBaqir Governor @StateBank_Pak making clear that #IslamicFinance will be getting strong support and will be heading towards centre of excellence.

Extremely happy to be part of this Summit in #NextNormal for #IslamicFinance. Thanks to @drhumayondar @Rizjmalik @EdbizCon @cambridgeifa.

Here President speech
@PresOfPakistan @ArifAlvi
on #Islamicfinance at today's #GIFS2020 Summit.

https://twitter.com/RadioPakistan/status/1305405529917779968?s=19

@motasim @NajamAli2020 @meemsheenwow @FareehaIrfanMD @TariqCheema please listen to the President story of Islamic Finance transaction in Pakistan. Very interesting speech.

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