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Follow on Google News | Pakistan to host an International Conference on Islamic FundsIslamic Finance and Funds gaining popularity in the backdrop of current global financial crisis
By: AlHuda Centre of Islamic Banking and Economics The organizer of this International Conference and Chief Executive Officer, AlHUda-Centre of Islamic Banking and Economics, Mr Zubair Mughal while declaring the objectives behind this conference, highlighted the valuable contribution by Pakistanis in research, shariah and skilled professionals bringing strong alternative in a difficult financial situation faced by the world. Mr Zubair added that Islamic funds are rapidly gaining popularity in US$1.3 Trillion worth of global Islamic finance market gaining 6.1% share from over 650 funds spread all over the world, of which the highest 230 is in Saudi Arabia while Malaysia has 172, Cayman Island 59, Bahrain 46, Luxemburg 29, Dubai 16, Singapore 11 are the prominent players in the world. Zubair Mughl further informed the media that a healthy number of participants from different countries will be attending in this conference which will be followed by a Two Days Specialized Workshop on the Shariah and Regulatory Framework for Islamic Funds on 24th and 25th of April, 2012 to be conducted in Karachi, Pakistan. # # # AlHuda Centre of Islamic Banking and Economics is organization working on Research, Advosiry, Training and Publication on Islamic Banking and finance. End
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