State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year 2018.
The coveted award is conferred by Islamic Finance News (IFN), an arm of REDmoney Group, Malaysia. IFN Best Banks Poll is regarded as one of the most prestigious accolades in the Islamic finance industry.
The IFN Award as the best central bank for promotion of Islamic finance is the global endorsement of SBP initiatives for promotion of Islamic banking in the country. The award reflects an international recognition of the strategic measures which SBP is undertaking to put in place a robust policy environment for Islamic banking to prosper.
The category of the Best Central Bank in Promoting Islamic Finance is always one of the most closely fought contests with regulators battling for the supremacy through exceptional advances made, during the year.