Karachi-3rd International Conference and Exhibition on Islamic Banking and Takaful 2009 ends up with the superlative success in which delegates from more than 22 countries partook including delegates from Malaysia, Bahrain, UAE, Ireland, Sri Lanka, Bangladesh and Kenya etc.

The agenda of this conference was not only to promote Islamic banking but also to promote and develop Islamic Microfinance. Presenting thorough case study of taking mandatory initiatives was also one of the motives of the conference to safeguard Islamic banking in the drastic worldwide financial crunch.
 
At Convention Centre Islamabad, Mr. Kamran Shehzad, Deputy Governor State Bank in his inaugural speech admired the sole effort of Alhuda Centre of Islamic Banking to promote Islamic Banking in Pakistan and all around the world.

He also emphasized upon the promotion of Islamic Microfinance in the field of Micro Credit and he also denoted it a step forward to eliminate poverty from Pakistan. He also said that tax laws and SECP instruments relating to the Islamic Banking are being fine tuned so that this mode of banking is promoted and potential existing in the country is fully taped.

He further admitted that the Islamic Banking structure of Pakistan has not suffered due to the drastic financial crunch all over the world. He also said that deposits in Pakistani banks are about 3 Trillion in which 5.2% comes from Islamic banking. He added that the part of Islamic banking is around 5.2% in the assets of Conventional banks that is increasing with the passage of time.

First Day of the Conference was comprised upon 6 sessions and the topics of discussion were Islamic Banking, Islamic Banking and Finance-Shariah Supervision, Takaful, Islamic Microfinance, Human Resource Development &Marketing in Islamic Banking and Finance and Islamic Banking, Finance-Sukuk-Islamic Funds respectively. On the 2nd and 3rd Day, Takaful and Islamic Microfinance were discussed respectively. There were 45 national and international experts and specialists who proactively participated in the conference along with 1500 participants.

Renowned Shariah Scholar Dr. Zubair Usmani emphasized upon total commitment of Shariah compliance in Islamic banking to gain the rapid growth of Islamic banking and finance. Registrar SECP Mr Bilal Rasool cleared the role of SECP in the Islamic finance due to which Takaful, Islamic Fund and Mudarabah Companies are meeting rapid growth. S. H. Faraaz, CEO, First Global Investment Sri Lanka declared that Islamic banking and finance did not suffer during the worst international financial crunch.

Kazi Mortuza Ali, Managing Director, Prime Islami Insurance shared his valuable views on global Takaful industry. Mr. Kashif Jahangiri, Financial Director, KPMP-Ireland threw light on the Islamic funds industry in Europe. Mir Muhammad Ali, CEO UBL Funds graced the topic of Islamic Funds Industry in Pakistan. Other speakers of the conference include Mr. Pervaiz Ahmed CEO Pak Qatar Takaful, Captain Jamil CEO Takaful Pakistan, Mr. Imtiaz Bhatti CEO Pak Kawait Takaful, Mr. Ahmad Ali Siddiqi EVP Meezan Bank, Mr. Hasim Khan Hoti Head of Islamic Banking Services Askari Bank, Ms. Tabinda Jafferi CEO ASASA, Mr. Ahsan Elahi Khokhar President Dollar East Exchange, Mr. Azeem Pirani FWU-AG, Ms. Farida Tariq CEO, CWCD, Mr. Ehtisham Bari Head of Marketing Daoowd Islamic Bank, Mr. Kaleem Iqbal EVP-Albaraka Islamic Banking and various others from 45 countries delivered speeches on their topics.

Mr. Zubair Mughal CEO Alhuda Centre of Islamic Banking and Economics and organizer of "3rd International Conference and Exhibition on Islamic Banking and Takaful 2009" gave valuable views on the conference that the organization of the conference gave air to the healthy and rapid growth to Islamic banking and finance.