One of Pakistan’s leading banks, Faysal Bank Limited (FBL) participated in the Institute of Business Management (IoBM)’s International Conference on Islamic Banking & Finance. The two-day conference which took place at the Institute of Business Management is now in its 3rd year.
Faysal Bank Limited has displayed its commitment to developing academic resources who can contribute towards the success of the industry by supporting initiatives on Islamic finance. The theme of this year’s conference was Islamic Finance for Small and Medium Enterprises (IFSME) and Social Responsibility.
Speaking at the event in regards to the SME sector, Mr. Muhammad Faisal Shaikh, Head of Islamic Banking, Faysal Bank Limited said, “As per the trends seen in our banks the SME sector in Pakistan does prefer Islamic Banking. However, a communication gap has developed between those from the SME sector and the banks. In order to boost financing to this sector I would recommend that a proper system within Banks be established to provide the right support to SMEs.”
The conference was attended by the Presidents and CEOs of various Islamic Banks.
Faysal Bank Limited’s Shariah Board comprises of renowned Shariah Scholars who oversee the business of their Islamic banking segment and ensure its compatibility and compliance with Shariah principles. Faysal Bank Limited’s footprint now spreads over more than 170 cities with over 500 (including 325 Islamic) branches.
Photo caption: Muhammad Faisal Sheikh (Head Islamic Banking) extreme left with other panelists.