Lahore Chamber of Commerce and Industry (LCCI) hosts an educational session on Islamic Banking and Finance to promote ethical economic practices.
Lahore Chamber of Commerce and Industry (LCCI) here Tuesday organized an awareness session on Islamic Banking and Finance to educate the business community, industrialists, and traders about the Islamic financial system, interest-free banking, and Shariah-compliant business practices. The event was attended by LCCI President Faheem Ur Rehman Saigol, Senior Vice President Tanveer Ahmad Sheikh, former Presidents Mian Anjum Nisar and Khurram Nawaz Gandapur, along with other prominent figures from the financial sector.
Prof. Dr. Hussain Mohi-ud-Din Qadri was the chief guest at the session. He emphasized that Islamic banking is not merely an alternative but a comprehensive, fair, and sustainable financial model that promotes economic stability, transparency, and social justice. In light of current global economic challenges, he highlighted the increasing importance of Islamic banking and interest-free finance.
Speaking to the participants, LCCI President Faheem Ur Rehman Saigol stated that the Lahore Chamber is committed to educating its members about modern economic trends and Islamic finance. He explained that Islamic banking aligns with religious principles and provides a foundation for ethical business practices. According to him, this system fosters stability and fairness in the economy.
Dr. Hussain Mohi-ud-Din Qadri further elaborated on different models of Islamic banking, including Mudarabah, Musharakah, and other Shariah-compliant financial instruments. He underscored that Islamic financial institutions are well-equipped to meet the needs of the business sector. Dr. Qadri stressed the importance of awareness and training to familiarize businessmen with the benefits of the Islamic financial system.
The session concluded with a question-and-answer session where participants engaged in detailed discussions on various aspects of Islamic banking and finance. This interactive approach ensured that attendees gained comprehensive insights into the topic, enhancing their understanding and appreciation for Shariah-compliant business practices.
