Understanding the Misunderstanding: Islamic Banking – A Constitutional Requirement of Pakistan
June 13 @ 3:00 pm - 4:00 pm
Free
This webinar will examine some of the most frequently discussed questions and misconceptions surrounding Islamic banking and finance. Participants will explore the foundations of Shariah-compliant finance, the distinction between Riba and trade-based transactions, and the practical application of Islamic financial contracts within modern banking systems.
The session will also discuss the constitutional significance of Islamic banking in Pakistan and provide insights into ongoing developments aimed at advancing the country’s transition toward a more Shariah-compliant financial framework.
Why This Event Matters
Islamic banking continues to attract growing interest from policymakers, financial institutions, scholars, and the public. This webinar offers an opportunity to better understand the principles underpinning Islamic finance and address common concerns regarding compliance, benchmarking practices, and risk-sharing mechanisms.
Who Should Attend
- Islamic banking professionals
- Shariah scholars and advisors
- Students of Islamic finance
- Academics and researchers
- Banking and finance professionals
- Individuals interested in Islamic finance and banking
Event Details
- Date: Saturday, 13 June 2026
- Time: 03:00 PM – 04:00 PM (Pakistan Time, UTC+5)
- Time (UTC+0): 10:00 AM – 11:00 AM
- Format: Virtual / Online Event
- Platform: Zoom
- Organizer: Al-Sadiq (A.S.) Institute of Islamic Banking, Finance & Takaful
- Moderator: Ms. Madiha Rubab, ACA
Key Discussion Points
- Whether Islamic banking merely replaces interest with different terminology
- The distinction between Riba and trade-based financing
- Understanding Murabaha, Ijarah, Musharakah, and Salam contracts
- The role of risk sharing in Islamic finance
- Why profit rates may appear similar to conventional interest rates
- Benchmarking versus Riba and the use of KIBOR/SOFR
- The role of Shariah governance in Islamic banking institutions