Published On: Fri, Dec 27th, 2013
Published in Category: District News / Others

‘Islamic banking gaining popularity across the globe’

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FAISALABAD: University of Agriculture Faisalabad (UAF) Vice Chancellor Dr Iqrar Ahmad Khan has said Islamic banking is gaining popularity across the globe as the total volume of Islamic banking has touched Rs 1.4 trillion dollars.

He was addressing an international symposium on Islamic Banking in emerging economies arranged by the Institute of Business Management Sciences, University of Agriculture Faisalabad in collaboration with Meezan Bank and Dubai Islamic Bank here on Thursday.

Social Sciences Dean Prof Dr Iqbal Zafar, Faisalabad Chamber of Commerce and Industry (FCCI) President Suhail Bin Rashid, Dr Ishaq Bhatti from Australia, Salim Ranjha from Akhuwat, IBMS Director Prof Dr Munir Ahmad and Dr Sehar Munir also spoke on the occasion.

The vice chancellor said Islamic banking system was getting popularity in the European Union countries. “Islam is a religion of peace and providing solutions to all problems facing the globe,” he added.

He said it was must to polish entrepreneurship skills among the students as a step to fight unemployment. The University was taking all possible steps in this regard.

FCCI President Suhail Bin Rashid also said that Faisalabad was the second largest economic hub of the country. “It is the need of the hour to increase awareness among the people about Islamic banking,” he added.