IslamicFinance.de

The State Bank of Pakistan has awarded Silkbank with an Islamic banking license.
The bank will be initially aiming Pakistan’s main population centers, Karachi, Lahore, Islamabad and Faisalabad.

At the International Conference on Islamic Microfinance, held in June in Islamabad, Pakistan participated over 500 industry experts, practitioners and stakeholders from 20 countries trying to promote Islamic Microfinance and chart its future growth.
Mr. Ahmad, Chief Executive Officer of Pakistan’s Microfinance Network, presented the challenges facing the industry and offered plausible solutions.
Mr. Christopher Candland, Associate Professor Department of Political Science and Director South Asia Studies Program, Wellesely College, USA, revealed that major researches on commercial microfinance show how the growth of microfinance has far defeated its effective alleviation of poverty.

The “International Conference on Islamic Microfinance” is going to be held on June 13 in Islamabad. The organiser is AlHuda Centre of Islamic Banking and Economics Pakistan.
Nowadays more than 300 Islamic microfinance organisations are working in Indonesia, Kenya, Afghanistan, Bangladesh, Sri Lanka, Yemen, Egypt, Sudan, Tanzania, Mauritius, South Africa, Malaysia and Pakistan.