The National Institute of Public Administration (NIPA) has inaugurated a new facility dedicated to advancing Islamic finance, a move aimed at bolstering the continued growth of a sector that has become a mainstream component of Pakistan’s financial system.
According to information on Friday, the Irfan Siddiqui Center for Advancement of Islamic Finance was formally opened to serve as a dedicated platform for education, research, and professional development within the Shariah-compliant banking industry.
The Center was established to commemorate Mr. Irfan Siddiqui, the Founder, President and CEO of Meezan Bank, who is widely regarded as a leading architect of modern Islamic banking in Pakistan. It recognizes his visionary leadership and exemplary service in evolving the sector from a niche concept to a widely accepted financial system.
The dedication ceremony was led by Dr. Syed Saif ur Rehman PAS, TI, the Director General of NIPA, while Mr. Siddiqui himself formally inaugurated the new facility.
In his remarks, Dr. Saif ur Rehman highlighted Mr. Siddiqui’s pioneering role in institutionalizing Islamic banking, strengthening structured Shariah governance, and developing professional capacity. He noted that the legacy of the outgoing CEO extends beyond institutional success to the enduring foundation he has laid for Pakistan’s Islamic finance ecosystem.
Delivering the keynote address, Mr. Irfan Siddiqui expressed his deep gratitude for the honor and emphasized the importance of ethical leadership, sound governance, and value-based financial systems in shaping inclusive economic growth.
The new research and education hub aims to contribute to the long-term growth, credibility, and global relevance of Islamic finance in Pakistan, while standing as a lasting tribute to Mr. Siddiqui”s transformational leadership.