Govt believes in utility of Islamic finance: Dar
Finance Minister says Islamic finance industry constitutes over ten per cent of the country’s financial system.
Finance Minister Ishaq Dar has said that the government strongly believes in the supremacy and utility of Islamic finance for inclusive development and socio-economic well-being of the masses.
He was addressing through video conferencing the inauguration ceremony of second Global Forum on Islamic Finance arranged by COMSATS Institute of Information Technology in Lahore on Monday.
The Minister said our banking system has taken the initiative to develop financial instruments in lines with the spirit of Islamic economic system.
Ishaq Dar said the Islamic finance industry now constitutes over 10 per cent of the country’s financial system and maintains strong growth momentum.