Islamic banks must work for poverty alleviation
Financial experts and researchers at international conference on Islamic financing have emphasised the need for framing a holistic vision for inclusive growth and promotion of Islamic mode of financing essentially with focus on poverty alleviation, access to loans to small growers, and reducing income inequalities. The two-day international moot titled “Towards Financial Inclusion: Developments in Islamic Economics, Banking and Finance”, held under the auspices of Centre for Excellence in Islamic Finance (CEIF), IMSciences, in collaboration with the State Bank of Pakistan, and the UK Department for International Development (UK-DFID), aimed at promoting academic, research, and best industry practices of Islamic finance as joint venture with commercial banks, regulators, universities, Islamic financial resources centers.
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