New trend: Islamic banking gaining ground globally
University of Agriculture Faisalabad (UAF) Vice Chancellor Dr Iqrar Ahmad Khan has said Islamic banking is gaining popularity across the globe as the volume of Islamic banking has touched $1.4 trillion.
He was speaking at an international symposium on Islamic banking in emerging economies arranged by the Institute of Business Management Sciences, University of Agriculture Faisalabad in collaboration with Meezan Bank and Dubai Islamic Bank.
Khan said the Islamic banking system was getting popular in European countries, stressing “Islam is a religion of peace and provides solutions to all problems facing the globe.”
He underscored the need of polishing the entrepreneurship skills of students as part of efforts to fight unemployment.
Speaking on the occasion, Faisalabad Chamber of Commerce and Industry President Suhail Bin Rashid said Faisalabad was the “second largest economic hub” of the country and it was necessary to increase awareness of Islamic banking.