IBA Centre for Excellence in Islamic Finance in collaboration with the Centre for Excellence in Journalism are pleased to announce the "Introduction to Islamic Finance for Media Professionals" one day work shop on the importance of Islamic Finance, its structures and the different modes of finance on the 26th of July, 2016.
Globally, Islamic Banking assets have witnessed a CAGR of 17% over a period of last 5 years. Strong demand push has resulted in global Islamic financial assets to surge from USD 150 billion in the mid-1990s to over USD 2 trillion by the year 2015. In Pakistan, the Islamic Banking assets are growing at the CAGR of 30% at present and the total Islamic banking assets are at 13% of the total banking assets, expected to exponentially increase to 20% of the market by 2020 according to SBP. It is expected that the overall Islamic Finance market size will increase by 25% over the next 5 years which will translate to USD 4 trillion. Another product would be Sukuk for which the Bahrain based International Islamic Financial Market (IIFM) in its 2016 Sukuk Report stated that 2015 witnessed issuances of USD 60.6 billion. Globally the finance industry is witnessing an increase in adaptation of Islamic products with close to 85 countries using Islamic Finance as an alternative which include Malaysia, Saudi Arabia, Bahrain, Qatar, Pakistan and even industry newcomers such as Indonesia, Oman, Hong Kong and Australia.
The growth in the Islamic Finance industry over the years has made it increasingly important for our media and reporters to gain insights into this industry to understand the mechanism and practices of Islamic Finance. This workshop is specifically arranged for journalists, reporters and media professionals to disseminate knowledge about Islamic Finance and to equip them with the tools to understand, use and promote Islamic Finance and the Industry as a whole.