Urdu version of AAOIFI’s Shariah Standards launched 

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KARACHI: The Islamic banking industry of Pakistan, in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution from Mufti Muhammad Taqi Usmani, launched Urdu version of the book ‘Sharaie Mayaarat’.

State Bank of Pakistan Governor Tariq Bajwa was the chief guest, while AAOIFI Shariah Board Chairman Mufti Taqi Usmani, AAOIFI Board of Trustees Chairman Shaikh Ebrahim Bin Khalifa Al Khalifa, AAOIFI Acting Secretary General Omar Mustafa and Steering Committee Chairman Irfan Siddiqui were among the keynote speakers on the occasion. The ceremony was widely attended by heads of national and multinational banks operating in Pakistan, senior bankers, government officials and media.

SBP Governor Tariq Bajwa said, “I feel honoured to be here on this important occasion to mark the launch of the Urdu version of AAOIFI’s Shariah Standards. We are all aware that national language is an important ingredient of any culture and most effective mode of communication in a country. With this in perspective, translation of global standards into our national language is an important milestone, as it would remove language barriers to understand Shariah Standards. I believe this Urdu version of the Shariah Standards will be instrumental in improving awareness about Islamic finance especially amongst the Shariah scholars, academia and practitioners of Islamic finance. The scholars and all other experts involved in this project deserve great appreciation for their commendable role.”