Islamabad, A three-day workshop focusing on Islamic capital markets commenced today in Islamabad, organized by the Securities and Exchange Commission of Pakistan (SECP) in partnership with the Islamic Financial Services Board (IFSB) of Malaysia. The event marks a significant step towards enhancing the regulatory framework and operational capabilities of Islamic finance in Pakistan.

According to Securities and Exchange Commission of Pakistan, the workshop brings together officials from the SECP, the State Bank of Pakistan (SBP), and various capital market infrastructure institutions (CMIIs) of the Ministry of Finance and the Competition Commission. This is the first session of its kind in Pakistan, tailored specifically for regulatory and supervisory bodies to deepen their understanding of Islamic capital markets.

SECP Commissioner Mujtaba Ahmad Lodhi, speaking at the opening ceremony, emphasized the critical role of Islamic capital markets in driving sustainable development and inclusive economic growth in Pakistan. Lodhi urged participants to utilize innovative financial tools available within Islamic finance to bolster resource mobilization and infrastructure development.

The workshop features trainers from IFSB Malaysia, Muhammad Arif and Cindhi Cintokowati, who are addressing key topics such as the core principles of Islamic finance, market deepening strategies, financial inclusion, innovation in regulation, and the challenges of regulating the Islamic capital market.

This initiative is expected to enhance the skills of Pakistani officials in developing and regulating the Islamic capital market, aligning local practices with international standards, and fostering the growth of Islamic finance both in Pakistan and internationally.