SBP wins IFN global award for 2nd consecutive year

KARACHI:Islamic Finance News (IFN), an arm of RED money Group, Malaysia, has announced State Bank of Pakistan as the best Central Bank of 2021 across the world in promoting Islamic finance. The results of global voting were disclosed Thursday.

IFN Best Banks Poll is regarded as one of the prestigious accolades in the global Islamic finance space. Bank Negara Malaysia stood second while the Saudi Central Bank secured third position, said SBP release on Thursday.

The category of the Best Central Bank in promoting Islamic Finance is one of the closely fought contests among regulators competing for supremacy through exceptional advances made during the year.

Previously, SBP was bestowed with this coveted award for the year 2015, 2017, 2018, and 2020.

IFN in its cover story while congratulating State Bank of Pakistan for yet another win as the Best Central Bank in Promoting Islamic Finance stated that they welcome back a leading light of the industry.