Allied Bank’s Islamic Banking Group (IBG) organized a comprehensive Customer Awareness Program on Islamic Banking for the business community of Bahawalpur. The session was held at the Bahawalpur Chamber of Commerce & Industry, in line with the Bank’s commitment to increase financial literacy and promote the growth of Islamic banking across Pakistan.
Purpose of the Program
The primary objective of the program was to create awareness and enhance understanding of Islamic banking concepts among the general public and business community. ABL’s Islamic Banking Group strongly believes that such educational initiatives are essential for the continued success of the Islamic finance industry in Pakistan.
Distinguished Speakers and Participants
The seminar was addressed by:
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Mr. Muhammad Idrees, Chief – Islamic Banking Group (IBG)
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Shaikh Raashed Rauf, Group Head – IBG
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Mufti Tayyab Amin, Resident Shariah Board Member – ABL
Representatives from State Bank of Pakistan (SBP) Bahawalpur, the Chamber of Commerce, and the local business community also attended the event.
Highlights of the Session
Mr. Muhammad Idrees shared the bank’s vision for promoting Islamic banking and emphasized the importance of engaging various segments of society through regional outreach initiatives. He encouraged participants to ask questions and contribute actively to the discussion.
Mufti Tayyab Amin delivered a detailed presentation covering key concepts of Islamic banking, including:
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The difference between Riba (interest) and Profit
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Practical applications of Shariah-compliant banking
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Legitimacy of Islamic financial models under Islamic jurisprudence
An interactive Q&A session followed, where the audience asked questions with great interest. The clarity provided by the Shariah scholar was appreciated by attendees, helping dispel common misconceptions.
Community Response
Participants praised the initiative and requested that such awareness sessions be held more frequently, targeting different segments of society. The program was recognized as a valuable contribution to improving public understanding of Islamic finance and its relevance in everyday business and life.
ABL’s Commitment to Islamic Banking
Allied Bank Islamic Banking Group operates with a growing nationwide presence that includes:
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117 dedicated Islamic Banking Branches
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60 Islamic Banking Windows (IBWs)
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Service support through ABL’s extensive network of 1500+ branches across Pakistan
The Bank remains dedicated to furthering financial inclusion and promoting Islamic banking principles throughout the country.