Karachi: Meezan Bank, Pakistan's leading Islamic bank, engaged with Bank Negara Malaysia (BNM), the Central Bank of Malaysia, in a knowledge-sharing initiative focused on risk-sharing finance. The collaboration saw Meezan Bank contributing to an "Incubation Programme on Risk-Sharing" aimed at Islamic banking practitioners in Malaysia, focusing on developing non-debt-based financial solutions.

According to Meezan Bank Limited, the bank was invited by BNM to share its expertise as a speaker at the programme. The bank's representative, Mr. Shayan Ahmed Baig, Head of Shariah Compliance, led discussions on structuring, implementing, and governing Shariah-compliant risk-sharing products. The sessions highlighted the translation of conceptual risk-sharing principles into practical banking solutions, covering regulatory considerations, operational execution, and Shariah governance frameworks.

During the engagement, Mr. Baig also met with senior officials of BNM, presenting Meezan Bank's official history book, "Unconventional: The Bank No One Saw Coming," to the Assistant Governor of BNM. This gesture highlighted the bank's journey and its role in advancing Islamic banking in Pakistan.

Meezan Bank's involvement in this programme underscores its international recognition as a pioneer in Islamic banking. The invitation from a foreign central bank is seen as an acknowledgment of the bank's position as a benchmark institution in Islamic finance, extending its influence beyond Pakistan to key international markets.

The post Meezan Bank Collaborates with Bank Negara Malaysia on Islamic Finance Initiative appeared first on Pakistan Business News.