On May 29, 2023, Central Depository Company (CDC) collaborated with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Securities and Exchange Commission of Pakistan (SECP) to host Pakistan’s First Islamic Capital Market Conference in Islamabad.
The conference brought together a diverse array of attendees, including government representatives, local experts, foreign delegates, and distinguished veterans of the Pakistan Capital Market. The event provided a platform for guests to share their feedback and insights on global best practices adopted in the Islamic Finance industry for investment opportunities that align with Islamic Shariah, and the development of a roadmap for the transformation of Pakistan’s non-banking financial sector in accordance with the global best practices in Islamic Finance.
Mr. Badiuddin Akbar, CEO of Central Depository Company (CDC), moderated a Panel Discussion on Transforming Pakistan’s Non-Bank Financial Sector at this inaugural conference on Islamic Capital Markets. The panel discussion imparted visionary insight from leaders in the global Islamic Financial Markets regarding the reforms needed for the development of a complete and sustainable Islamic finance industry.
Overall, the first Islamic Capital Market Conference in Pakistan was a resounding success, showcasing the industry’s commitment to fostering innovation and growth while aligning the processes and practices in accordance with global best practices in the Islamic World. CDC is proud to have played a role in making this event a reality and looks forward to continued collaboration in Pakistan and across the global Islamic finance community.