Creating awareness and developing clear understanding of the subject of Islamic Banking in the minds of masses is one of the basic key factors that may bring about tremendous success towards the growth of Islamic banking industry. Following the narrated objective, Allied Bank Limited (Islamic Banking Group) arranged a Customer Awareness Program on Islamic Banking and this time chose Multan Chamber of Commerce & Industry for the said purpose.
The seminar was addressed by the CEO of Allied Bank Tahir Hassan Qureshi and Chairman Shariah Board Mufti Ehsan Waqar. Seminar was also attended by President MCCI Khawaja Jalaluddin Roomi, Vice President MCCI Sheikh Fazal Elahi and prominent nobles and members of local business community.
Participants appreciated the initiative of Allied Bank and termed the event very useful in developing their understanding of Islamic Banking subject, its different aspects and last but not the least relevance to their everyday life.
The bank’s Chairman Shariah Board (CSB), Mufti Ehsan Waqar gave a detailed presentation on the different aspects of Islamic Banking. The session was followed by a very interactive Q & A session, where participants very eagerly asked the Sharia Scholars various questions to understand the concept of Islamic Banking.
The Sharia Scholars replied in depth and elaborated the practical aspects of Islamic Banking, the interpretation of Riba vs Profit and its legitimacy from Sharia point of view.