Microfinance Focus, February 24, 2012: AlHUda-Centre of Islamic Banking and Economics will be organizing an international conference on Islamic Funds on April 23, 2012 in Karachi. The conference aims to strengthen the Islamic finance sector in Pakistan.

During the daylong conference, research papers will be presented and productive discussions will be undertaken to highlight the role of Pakistan in the global Islamic finance market. The conference will be followed by specialized Workshop on the Shariah and Regulatory Framework for Islamic Funds on 24th and 25th of April.

Chief Executive Officer, AlHUda-Centre of Islamic Banking and Economics, Mr Zubair Mughal while declaring the objectives behind this conference, highlighted the valuable contribution by Pakistanis in research, shariah and skilled professionals bringing strong alternative in a difficult financial situation faced by the world.

Pakistan currently has 5 Islamic Banks, 13 conventional banks with Islamic finance operations and 20 Islamic microfinance institutions. In addition, over 30 Sukuk issues and 15 fund managers have launched their Islamic Funds.