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

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More from @Jachattha

22 Jun
We are #pleased to #conclude our marathon of 4 consecutive #IMF #TechnicalAssistance #missions with productive outcomes for #IslamicFinance, despite the very challenging constraints and limitations.
The first six months of the year under #COVID19, a #NewNormal", have been fantastic intellectually and fulfilling.
The support of colleagues from the #IMF and Central Bank of #Djibouti; Central Bank of #Yemen; Central Bank of #Iraq, and Central Bank of #Libya have been excellent for #Islamicfinance IMF missions through #Cisco #webmex.

Now it is time to have a little break!!
Read 5 tweets
15 Jun
#NewNormal" continues. After #CentralBank of #Yemen and #Iraq, we are having mission with #CentralBank of #Libya. Concluded a very productive #meeting with colleagues from #CentralBank and #IMF for a #Islamicfinance IMF mission through #Cisco #webmex. #riskmanagement #Libya Image
Other than #Sudan and #Iran, #Libya is going to be #third #country in the world to have full-fledged #Islamicfinance system after #transition is completed. It requires a significant progress on Islamic finance #regulation and #supervision, which is #underway.
Happy to be part of last three years engagement, through IMF, with them on various topics. Many thanks to my good friends supervisors Haithem Elyacoubi, anwar tantoush, Hatem Salem, Abdulhamid, Dr. Mukhtar for excellent discussion. I hope this will be a very good #IMF mission.
Read 4 tweets

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