Pakistan to Launch Awareness Campaign on Islamic Banking

The State Bank of Pakistan (SBP) in collaboration with Islamic Banking Industry (IBI) is going to launch a mass media campaign to create awareness about Islamic banking to achieve substantial growth.

Sources in banking industry told Business Recorder on Saturday that "Awareness Campaign on Islamic Banking" is likely to be launched in the second or third week of the Holy Month of Ramadan and will continue for about one year.
Basically, this is the SBP's initiative and all stakeholders including five Islamic banks and 18 Islamic windows of condensational banks will participate and contribute in the awareness campaign to move the industry to the next level of growth, they added.
The SBP has already constituted an awareness campaign committee headed by Irfan Siddique President Meezan Bank-the country's largest Islamic bank. Several others stakeholders of the Islamic Banking Industry are members of this committee. Hasan Bilgrami President Bank Islami and Saleem Baig Head of Islamic Banking division Habib Bank Limited are some prominent names in the committee, sources said.
The SBP and IBIs believed that this campaign will be instrumental in enhancing public awareness and would give further boost to the growth momentum of Islamic Banking Industry in the country.
Source: Business Recorder