SBP Holds Islamic Banking Awareness Session For Religious Students
UrduPoint
Home / News / Pakistan Today
(04 October, 2026, 09:20 PM) - Faisalabad (APP - UrduPoint/Pakistan Point News)
The State Bank of Pakistan’s Banking Services Corporation (SBP-BSC) Faisalabad has brought Islamic finance closer to students pursuing religious education through an awareness and training session at Jamia Al-Hasnain. The focus was on Shariah principles, Islamic banking practices, and their practical application within the modern financial system.
This session aimed to:
- Enhance participants' understanding of Islamic banking and finance.
- Deepen knowledge of Shariah principles.
- Explore how these principles are implemented in contemporary banking and financial services.
Senior Officer SBP Faisalabad Shoaib Munir welcomed the participants and outlined the session's objectives. Divisional Head SBP-BSC Faisalabad Ahmad Bilal Arif emphasized the importance of promoting Islamic banking awareness, especially among students pursuing higher religious education. He noted that a better grasp of both modern financial systems and Islamic financial principles would aid religious scholars and students in understanding Shariah-compliant banking and finance in practice.
Mufti Abdul Basit, a Shariah scholar at Meezan Bank Limited, delivered a detailed presentation on fundamental Shariah principles governing Islamic banking. He covered:
- Various Islamic banking contracts
- The prohibition of interest (riba)
- Islamic financial methods and products
- Mechanisms for ensuring Shariah compliance in modern banking operations
The speaker also used practical examples to illustrate the differences between Islamic and conventional banking, enabling participants to grasp how Shariah principles are reflected in financial transactions and banking products.
A question-and-answer session followed, where participants could pose questions about Islamic banking, financial contracts, and Shariah-compliant banking practices.
Representatives and administrators of Jamia Al-Hasnain, including Maulana Zubairullah Shah, Maulana Muhammad Arif, and Sheikh Ramzi Al-Habib, attended the session. They expressed appreciation for SBP's efforts to promote Islamic banking awareness among religious seminary students, emphasizing the value of ongoing collaboration between financial institutions and institutions imparting religious education.
Participants also voiced interest in learning more about emerging Islamic financial products and their practical application within Pakistan’s evolving banking sector.