Bank Alfalah Organizes Launch of Book on Islamic Finance by World-Renowned Scholar Dr. Mohd Daud Bakar

Aimed at raising awareness of and promoting Islamic finance in the country, Bank Alfalah organised the launch of a book titled ‘Shariah Minds in Islamic Finance’ by world-renowned scholar, Dr. Mohd Daud Bakar today at a local hotel in Karachi. The book presents unique insights into the life of an international scholar, discusses stakeholders’ expectations and defines the ultimate role scholars should play in shaping the industry’s future.

Dr. MohdDaudBakar is Malaysia’s leading scholar who currently serves as Chairman of the Shariah Advisory Council at the Central Bank of Malaysia, the Securities Commission of Malaysia, the Labuan Financial Services Authority and the International Islamic Liquidity Management Corporation (IILM). He is also a Shariah board member of various financial institutions including the National Bank of Oman (Oman), Noor Islamic Bank (Dubai), Amundi Asset Management (France), Morgan Stanley (Dubai), Bank of London and Middle East (London), BNP Paribas (Bahrain), Bank Al Khair (Bahrain), Islamic Bank of Asia (Singapore), Dow Jones Islamic Market Index (New York) and Financial Guidance (USA) amongst many others.

Addressing an audience of Bank Alfalah’s senior management, heads of Bank Alfalah’s corporate clients, other prominent banking figures from Pakistan, and various media representatives, Dr. Bakar said, “Shari’a scholarshave been the primary catalysts in the Islamic Finance industry’s exponential growth since the 1970s. ‘Shariah Minds in Islamic Finance’is a story about my personal journeyand development as an international Shariah scholar which mirrors the evolution of the industry.”

“Being a key player in Pakistan’s Islamic Banking industry, we at Bank Alfalah are proud to be the host of this event. We are privileged to have a scholar of Dr. Bakar’s stature sharing his thoughts with us today.” said AtifBajwa, President and CEO of Bank Alfalah. “The launch of ‘Shariah Minds In Islamic Finance’ is of much relevance to Pakistan as Islamic Banking continues to grow here and the country pursues a long-term strategy to promote it.”

Islamic banking recently regained momentum in Pakistan with the central bank’s five-year plan to promote Islamic finance with legislative changes and product incentives. The book will be available for purchase from www.shariahminds.com and www.amazon.com‎