Saturday July 2, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

SBP voted as best central bank for promoting Islamic finance

by Web Desk January 14, 2021

AA

 SBP voted as best central bank for promoting Islamic finance

ISLAMABAD: The State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll conducted by Islamic Finance News (IFN), REDmoney Group Malaysia.

“This is the second international award bestowed upon SBP for Islamic Banking during FY2021. Earlier, the Global Islamic Finance Awards (GIFA) had also declared SBP as the Best Central Bank of the year in September 2020,” said a press release issued by the central bank.

IFN while announcing the poll results stated, “It is always a closely contested battle for the top spot, but 2020 was rather more of a runaway victory than we have seen in recent years. The 2018 winner, the State Bank of Pakistan, achieved a decisive win with almost three quarters of the votes.” It was further stated by IFN that this year despite global pandemic, they have received the highest number of votes for the poll in its 16 years history.

The Islamic banking sector in Pakistan continued strong growth momentum during 2020 and its share in the overall banking industry’s assets and deposits stood at 16.0 percent and 17.3 percent respectively with a network of 3,303 branches in 122 districts across the country as of September 2020.

Post Views: 81

Share This:

Tags: best central bank Islamic finance SBP
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
World

US, Taliban talk earthquake aid, foreign reserves

July 2, 2022
Entertainment

Farhan Akhtar, Mehwish Hayat and Nimra Bucha

July 2, 2022
Entertainment

Hareem Farooq and Imran Abbas channel 70s

July 2, 2022
News

Five killed as strong quake rocks southern

July 2, 2022
July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    
Related Stories for you

Roshan Digital Account hits highest-single day deposits of $57m

June 22, 2022

Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday as $57 million were deposited in

Dollar reaches all-time high of Rs203 in inter-bank market

June 7, 2022

On the second day of the trading week, the rupee depreciated further against the dollar in the inter-bank market, with

Pakistan’s forex reserves hit all-time low since December 2019

May 13, 2022

Karachi: Foreign exchange reserves of the State Bank of Pakistan (SBP) have reached a 23-month low, reserves decreased by $190

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.