Bank Alfalah Islamic, a prominent Islamic banking
institution, has been granted a renewed mandate as the Joint Financial Advisor
(JFA) to the Ministry of Finance for a duration of 5 years. This reaffirms the
bank's exclusive position as the sole Islamic Banking window among esteemed
JFAs. Its primary responsibility is to provide advisory services for the
issuance of Government of Pakistan Ijara Sukuk, Green Sukuk, and any other
Shariah-compliant financial instruments.
Bank
Alfalah's commitment: Rs 970 million disbursed for flood-impacted communities
The Ministry's decision to renew this appointment
underscores Bank Alfalah Islamic's unwavering commitment and expertise in the
realm of Islamic Banking and Shariah Advisory. It further solidifies the
institution's role as a trusted financial partner to the government.
Bank
Alfalah and ACE Money Transfer to facilitate overseas Pakistanis
Dr. Muhammad Imran, Head of Islamic Banking, expressed,
"We are deeply honored to receive this renewed appointment as the Joint
Financial Advisor to the Ministry of Finance for Domestic Sukuk issuance. This
appointment not only reflects our specialized knowledge but also underscores
the pivotal role of Islamic banking in shaping Pakistan's financial
landscape."
Source: Pro Pakistani