Dubai Islamic bank has offered its services for promoting Islamic Banking in Pakistan. The bank has also shown its interest in floating Sukuk bonds for Government of Pakistan.This was said during a meeting between Dubai Islamic Bank delegation and Finance Minister Ishaq Dar in Dubai. Different options for cooperation between DIB and the Government of Pakistan were also discussed at the occasion.
DIB’s CEO Dr. Adnan said that DIB is ready to work closely with Government of Pakistan for promotion of Islamic banking in the country and in this regard they are ready to assist government in floating Islamic Sukuk bonds. Dubai Islamic Bank also shown its eagerness to participate in privatization of public sector entities (PSE’s) in Pakistan. Bank has also offered its financial and technical support to Government of Pakistan.
The finance minister said that Government of Pakistan is promoting Islamic Banking in country and has formed a Steering committee to speed up its promotion. Pakistan and Dubai Islamic Bank would work in close coordination, for facilitating trade and investment in Pakistan besides promoting Islamic banking.
The Finance Minister Mr. Ishaq Dar said, that approach from several international financial and banking institutions for offering cooperation to Government is the sign of their trust on economic policies.
The Dubai Islamic Bank is operating in various countries in both operational and advisory capacity and is considered as one of the founder member of Islamic banking.