An urgent need for initial legislation, and strong law of Sharia to increase the field of Islamic finance: IPS trendy blogger

An urgent need for initial legislation, and strong law of Sharia to increase the field of Islamic finance: IPS

 trendy blogger

Islamabad: Urgent preliminary legislation, rapid accreditation for AAOIFI (Accounting and Review Organization for Islamic Financial Institutions) standards specifically designed for the local financial context, and the creation of a framework of the strongest Sharia governance are important steps to ensure sustainable and reliable growth of Islamic banks and non -abstract financial institutions. This requires coordinated … Read more

Bank of Sharjah Pakistan is reviewing the Sharia governance framework for Islamic banking institutions – Trendy Blogger

Bank of Sharjah Pakistan is reviewing the Sharia governance framework for Islamic banking institutions

 – Trendy Blogger

The State Bank of Pakistan (SBP) has revised the Sharia Governance Framework (SGF) to advance the Islamic banking industry and enhance its compliance with Sharia principles. In a circular issued on Friday, the State Bank of Pakistan directed Islamic banking institutions to prepare to implement the updated framework by January 1, 2025. “To further strengthen … Read more