Tag: Islamic Finance
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Navigating Legal Frontiers: Islamic Banking in Pakistan and Its Framework Challenges
Understanding the Rise of Islamic Banking in Pakistan Islamic banking has grown rapidly in Pakistan, driven by demand for Sharia-compliant financial products and a broader commitment to ethical finance. While the sector offers asset-backed lending, profit-and-loss sharing, and avoidance of interest, its sustained expansion depends on a stable, clear legal framework. This article examines the…
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Pakistan Nears 20% Shariah-Compliant Debt Target After Issuing Over Rs2 Trillion Sukuk in 2025
Pakistan Hits Milestone in Islamic Finance as Sukuk Issuance Surpasses Rs2 Trillion Pakistan is making notable strides in Islamic finance, with Finance Adviser Khurram Schehzad announcing that the country has issued more than Rs2 trillion (about $7 billion) in sukuk this year. The move marks a significant step toward the government’s target of a 20…
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Pakistan Tops $7 Billion Sukuk Issuance in 2025, Nears 20% Shariah-Compliant Debt Target
Pakistan Surpasses $7 Billion in Sukuk Issuance in 2025 Pakistan’s Islamic finance strategy marked a landmark milestone in 2025 as the country issued more than Rs2 trillion, roughly $7 billion, in sukuk. Finance officials have highlighted this as a pivotal achievement, signaling both investor confidence and a willingness to diversify the country’s debt portfolio through…
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Pakistan Hits $7 Billion Sukuk Milestone in 2025, Moves Closer to 20% Shariah-Compliant Debt Target
Overview: A landmark year for Pakistan’s Islamic finance In 2025, Pakistan has achieved a landmark breakthrough in Islamic finance by issuing more than Rs2 trillion ($7 billion) worth of sukuk, the nation’s central pillar for Shariah-compliant borrowing. The development comes as Finance Adviser Khurram Schehzad highlighted that the nation is nearing its ambitious target of…
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Non-Interest Banking in Ghana: Could The Bank of Ghana’s Framework Spark Regulatory Confusion?
Introduction: Aiming for clarity in a niche sector The Bank of Ghana’s draft guidelines for regulating non-interest banking—often associated with Islamic finance—have drawn sharp commentary from policy experts. Bright Simons, Vice President of policy think tank IMANI Africa, argues that the proposed framework could inadvertently create regulatory confusion, potentially undermining the sector’s stability and consumer…