Bank Alfalah conducts Programme on Islamic Banking & Finance

KARACHI – March 4, 2016: Bank Alfalah, in collaboration with the Centre for Islamic Economics recently organised a comprehensive learning programme on Islamic Banking and Finance, for the Bank’s senior management team. The two day programme was conducted by renowned Shariah scholars of the country who spoke about basic Islamic Banking concepts covering liability, asset and consumer financing.
Saeed Ahmad, Deputy Governor, State Bank of Pakistan, highlighted the steps taken by the State Bank of Pakistan to promote Islamic Banking and Finance in Pakistan. He added that there was a need for a robust Islamic Banking system and stressed on the need to promote Islamic Banking in Pakistan. He also appreciated the efforts of Bank Alfalah in building capacity of its staff and creating awareness about Islamic Banking principles among customers.
Speaking at the event, Faisal Farooq Khan, Group Head Human Resource & Learning Group, Bank Alfalah said: “At Bank Alfalah, we are committed to build the capacity of our employees so that they understand and uphold Shariah-complaint banking practices. We are equally committed to enhance the understanding of our customers about Islamic Banking.” He further added that the Bank is focused on being an innovative player in the industry and is exploring new opportunities in creating an Islamic payment platform to enhance financial inclusion of the unbanked segments of the industry.
The programme concluded with a panel discussion on the latest trends in Islamic Banking, moderated by Head of Learning and Development, Ahmed Nauman Anees. Dr. Imran Usmani, Director CIE and a prominent Shariah Scholar, appreciated the collaborative efforts between Bank Alfalah and CIE to build the capacity of staff and customers in Islamic Banking. Other panel members included Mufti Khalil Aazami, Chairman Shariah Board, Bank Alfalah, Mufti Irshad Ijaz, Chairman Shariah Board, Bank Islami and Mufti Yahya, Shariah Advisor, HBL.
Over the last few years, Bank Alfalah has forged strategic linkages with renowned institutions in Pakistan and abroad to develop learning programmes, including customised certification programmes, to increase the knowledge base and skills of employees on Islamic Banking and Finance. Bank Alfalah focuses on providing learning and development opportunities to nurture talent. Almost 700 learning programmes catering to 99 percent of the Bank’s employees were offered by the Bank last year.