NdcTech and Temenos organize Islamic Banking conference

 

NdcTech and Temenos organize Islamic Banking conference

NdcTech and Temenos jointly organized Pakistan's inaugural Islamic Banking Conference, a groundbreaking event in Karachi. The conference received significant attention from the banking industry and witnessed the participation of esteemed professionals, executives from renowned banks, and representatives from the State Bank of Pakistan (SBP).

Islamic banking has witnessed remarkable growth in Pakistan, with total assets exceeding Rs 6 trillion and deposits reaching Rs 5 trillion in 2022. To further accelerate this growth, the SBP issued a mandate for all banks in the country to expand their Islamic banking presence nationwide.

In light of this development, the conference featured ke
ynote speeches by Ammara Masood (CEO of NdcTech), William Moroney (Managing Director MEA at Temenos), and Ghulam Muhammad Abbasi (Director Islamic Finance Policy at the SBP). These speakers provided valuable insights into the landscape and prospects of the Islamic banking industry. Additionally, an engaging fireside chat with Meezan Bank, the largest Islamic bank in Pakistan, highlighted their remarkable journey and shed light on the strategies they have adopted for digital transformation. Ali Imran, Deputy CIO of Meezan Bank, emphasized the crucial role of innovation and technology in their success, citing their partnerships with technology providers like Temenos and implementation partner NdcTech.

A highly anticipated panel discussion included representatives from HBL, Faysal Bank, and the SBP. The panelists delved into their institutions' journeys in the Islamic banking sector, emphasizing the importance of capacity building and awareness creation. They discussed the efforts undertaken by the SBP and banks' internal Learning & Development teams to enhance awareness and train professionals for the Islamic banking industry. Nassir Saleem, Head of Branch Banking & Acting Head of Islamic Banking at HBL, highlighted the criticality of structure and capacity building during the ongoing conversion to Islamic banks.