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.