President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon emphasised that as Muslims conducting interest-free trade is our duty, with no room for compromise.
He said that Islamic banking has become an essential need of time, with its growing trend worldwide. Islamic banking aims not only to achieve business and financial benefits but also to manage financial affairs in line with our faith and Shariah principles.
Memon stated this while addressing at the Islamic Banking Seminar organied by the State Bank of Pakistan at HCSTSI Secretariat.
He highlighted that Islamic banking can be immensely beneficial for Pakistani traders and industrialists, offering non-interest financial services aligned with Islamic principles, which can enhance trade and allow our business community to expand their activities through Halal means.
Chamber President Saleem Memon praised the State Bank of Pakistan for its efforts to promote Islamic banking, acknowledging that the bank has not only set regulations and policies but also taken practical steps to extend the Islamic banking system to every corner of the country.