Islamic finance, capital markets road to stability: Finance Minister

Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, stated on Thursday that Islamic capital markets and Islamic finance might be crucial in assisting Pakistan in staying firm on its path to macroeconomic stability and long-term progress.

Speaking virtually at the opening of the Second International Islamic Capital Markets Conference & Expo, the minister stated that although Pakistan had experienced severe economic difficulties recently, those problems were now being successfully resolved and the nation was headed in the right direction towards macroeconomic stability and long-term growth.

In this journey to market, he said, Islamic finance might be crucial since products like equity funds, Sukuk, and Shariah-compliant investment vehicles not only draw in capital but also lessen dependency on interest-bearing loans.