2-Day WIFF concludes – sponsored by Pak-Qatar Takaful Group

Karachi: The ‘World Islamic Finance Forum’ (WIFF) was organized by the ‘Center for Excellence in Islamic Finance’ (CEIF), established by the Institute of Business Administration, IBA Karachi. Pak-Qatar Takaful Group was the Gold-Sponsor of this prestigious event.

The two-day international conference held in Karachi also enjoyed the valuable collaboration and enrichments from the INCEIF (Malaysia). The forum was a blend of industrial insights and academic learning, attended by more than 350 delegates, including a large number of international experts and senior executives from the industry. The event also marked the launch of the ‘First Islamic Finance Country Report’ produced by CEIF, in collaboration with IRTI and Thomson Reuters.

The distinguished panel of speakers comprised of global leaders in Islamic Finance, representing the most influential regulatory institutions like; State Bank of Pakistan, Securities and Exchange Commission of Pakistan, the World Bank and many other international institutions like; ICD (Private Sector Development Arm of IDB), AAOIFI, IIFM, CIMB Bank, Ernst and Young, IRTI, ISRA, Deloitte Touche, etc.

Through this conference, the participants were able to create awareness and gain a clearer understanding of various Islamic financial services, including Shariah-compliant Investments and Takaful (The Islamic mode of Insurance). The forum helped in building solid foundation and knowledge-base, by engaging the Professionals, Entrepreneurs, Academicians, Finance Managers, Students, Human Resources Managers, Consultants and other stake-holders of the industry.

The Chief Executive Officer of Pak-Qatar Family Takaful Limited (PQFTL) – Mr. Nasir Ali Syed stated that; “It was a delightful occasion for Pak-Qatar Takaful Group to be the Gold-sponsor of the ‘World Islamic Finance Forum’. We have partnered with IBA – the most prestigious institution in the country, to create awareness about this fast-growing Islamic-finance sector. Pak Qatar Takaful is committed to nurture highly competitive and learned managers for accelerating growth, by providing world-class training and research-based knowledge for the professionals in this industry.”

Speaking at the occasion, Mr. Mehmood Arshad (Executive Vice President, Pak-Qatar General Takaful, PQGTL) said that academic institutions can play a significant role in promoting Shariah-Complaint modes of investments and produce young talent to take the lead. He also stated Islamic Financial institutions should be geared up to take advantage of emerging opportunities in the country specially those that are associated with CPEC projects.

The conference delivered valuable insights on the Shariah-perspectives on investments and guidelines about various business sectors. The learners were able to get comprehensive answers to the Frequently Asked Questions.