SBP to set up centre of excellence in IFE

STAFF REPORT KHIR: State Bank of Pakistan is going to establish the Centre of Excellence in Islamic Finance Education (CEIFE) after getting proposals from the HEC certified universities having business schools.

Finance Minister Ishaq Dar, addressing at the opening ceremony of proposals received to establish a CEIFE expressed his pleasure on the efforts being made to increase the radius of Islamic banking and finance.

He said, both SBP and government are committed for the development of Islamic banking in the country. After coming to power, our government established a Steering Committee to look after the Islamic banking in the country.

SBP Governor Ashraf Mahmood Wathra said the size of Islamic finance industry had reached $1.8 trillion in last four decades.

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