Tuesday, December 6

Tag: Islamic Finance News

SBP voted as best central bank for promoting Islamic finance

KARACHI:State Bank of Pakistan (SBP) has been voted as the Best Central Bank in promoting Islamic finance for the fourth time by a poll conducted by Islamic Finance News (IFN), REDmoney Group Malaysia, Wednesday. This is the second international award bestowed upon SBP for Islamic Banking during FY2021. Earlier the Global Islamic Finance Awards (GIFA) has also declared SBP as the Best Central Bank of the year in September 2020. IFN while announcing the poll results stated, "It is always a closely contested battle for the top spot, but 2020 was rather more of a runaway victory than we have seen in recent years. The 2018 winner, the State Bank of Pakistan, achieved a decisive win with almost three quarters of the votes." It was further stated by IFN that this year despite global pandem...