ABL – Islamic Banking Hosts Shariah Awareness Session in Gujranwala

Categories: Islamic Banking Media Center

Creating awareness and developing a clear understanding of Islamic Banking among the masses is one of the foundational goals for the growth of the Islamic banking industry. In line with this objective, Allied Bank – Islamic Banking Group (IBG) organized a Customer Awareness Program on Islamic Banking at Marian Hotel, Gujranwala, specifically engaging Religious Scholars / Ulmas as the key audience.

Key Highlights of the Session

The session was graced by:

Mr. Muhammad Idrees, Chief – Islamic Banking Group (IBG)
Mufti Muhammad Iftikhar Baig, Chairman Shariah Board, ABL
Officials from State Bank of Pakistan (SBP), Gujranwala
Prominent Religious Scholars of Gujranwala

Detailed Presentation by Shariah Board

The Bank’s Chairman Shariah Board, Mufti Muhammad Iftikhar Baig, delivered a comprehensive presentation on various aspects of Islamic Banking. The seminar included an interactive Q&A session, where participants actively asked questions to clarify common myths related to Islamic finance.

Shariah Scholars provided detailed responses, explaining the practical aspects of Islamic Banking, including the difference between Riba and Profit, and their legitimacy from the perspective of Shariah law.

Impact and Acknowledgment

The initiative by ABL’s Islamic Banking Group was widely appreciated. Attendees commended the session for helping them develop a deeper and clearer understanding of Islamic Banking and its relevance in everyday life. The religious community specifically praised the Bank’s efforts in promoting Islamic finance education, stating they left the session with renewed clarity and confidence in the Islamic Banking model.