KARACHI:Chief of Jamiat Ulema Islam-F (JUI-F) Maulana Fazul-ur-Rehman announced that very soon another seminar on “ Hurrmat-e-Sood” would be held in Peshawar in cooperation with the business community and religious organizations. This would be followed by two other seminars, one each in Lahore and Islamabad, he told.
He underlined the need for joint efforts by Ulema, business community and the society as a whole for converting the present conventional finance system rather the entire economy into Islamic one, which ensures many social and economic benefits and above all the blessings of Allah Almighty.
He appreciated that holding of the seminar on the topic of “ Hurrmat-e-Sood” that had provided opportunity to gather Ulema from all schools of thought, business leaders and other stakeholders to harvest concrete proposals to the earliest implementation of Federal Shariah Court’s verdict on Islamic banking.
He praised the role of Mufti Muhammad Taqi Usmani and Senator Muhammad Ishaq Dar for promotion of Islamic finance.
Governor Khyber Pakhtoonkhwa, Haji Ghulam Ali, who had been leading the business community on different forums including FPCCI, assured all possible support of the business community for the promotion of Islamic finance system.
He offered that as a Governor, he would host a seminar on “ Hurrmat-e-Sood” in Peshawar and invited Ulema and business community to ensure maximum participation.
Federal Minister for Religious Affairs, Mufti Abdul Shakoor emphasized on the unity among the Muslim Umah for riba-free economic system including the finance system. He said that it was not only Ulema’s job but the entire Muslim society would have to stand together to get rid of riba, which is curse.
He assured the Ulema that all genuine issues of madaris would be resolved which included opening of accounts.
Governor SBP Jamil Ahmed highlighted the steps taken by the Central Bank for promoting Islamic banking since 2001. Now, five full-fledged Islamic banks were successfully operating in the country and 17 conventional banks had many dedicated Islamic banking branches. At present, Islamic banking has 25 percent growth rate with 21 percent market share. The tendency for Islamic banking was increasing with the passage of time.
He announced that soon SBP would contact the stakeholders to further the agenda of riba free finance system.
The SBP was sincerely and seriously working on implementation of FSC decision on Islamic finance within the stipulated time. He urged Islamic banks to focus on providing finance to under-served sectors of the economy.
Former president of FPCCI Anjum Nisar described the holding of the seminar on riba as very good step and assured that the business community would play a lead role to convert not only the finance system but the entire economy into Islamic one to win the blessings of Allah, along with getting many benefits in this world.