On June 19, 2025, an insightful awareness session on Islamic banking was organized at the State Bank Auditorium Multan, led by Kiran Amjad, Assistant Director at the State Bank of Pakistan (SBP). The session aimed to educate the public, particularly entrepreneurs and financial decision-makers, about the benefits of Islamic banking and its alignment with Shariah-compliant financing principles.
Promoting Interest-Free Financing in Pakistan
This timely event shed light on the growing demand for interest-free financial solutions in Pakistan. In Islam, interest (Riba/Sood) is strictly forbidden, and many individuals and businesses have long been searching for halal alternatives to conventional loans. The SBP Islamic banking division, along with its qualified Shariah experts, addressed key concerns and misconceptions surrounding Islamic finance models.
Expert Guidance and Clarifications
During the session, a Shariah advisor from the State Bank of Pakistan provided detailed explanations on how Islamic banking products such as Murabaha, Ijarah, Musharakah, and Mudarabah are structured in accordance with Islamic principles. Attendees were given the opportunity to ask questions regarding halal business financing options, and all queries were responded to with clarity and transparency.
A Positive Step Toward Financial Inclusion
This Islamic banking awareness session was especially beneficial for those entrepreneurs and individuals who are concerned about interest-bearing transactions. It is encouraging to see SBP’s proactive efforts in promoting ethical banking alternatives that uphold Islamic values.
Such educational initiatives play a vital role in increasing awareness, trust, and adoption of Islamic financial services across the country. These sessions are not only informative but also empower the business community to make morally sound financial decisions.
