The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
Abbas Raza Varyala, EVP/Head of Trade Business at Bank Al Habib Limited, Pakistan, is a Certified Shariah Advisor and Auditor (CSAA) accredited by AAOIFI, Bahrain.
Pakistan has embarked on an ambitious multi-year plan to transform its financial system into a Shariah-compliant framework by 2028. Two trade finance specialists explain what this entails and the inherent challenges and opportunities it presents.
