Which Central Bank Won the IFN global award 2021 for promoting Islamic Finance across the World ?

A. State Bank of Pakistan

A. Bank Negara Malaysia

C. Saudi Central Bank

D. None of these

Detail:

Malaysia, has announced State Bank of Pakistan (SBP) as the Best Central Bank of 2021 across the world in promoting Islamic finance for the second consecutive year. IFN Best Banks Poll is regarded as one of the prestigious accolades in the global Islamic finance space. Bank Negara Malaysia stood second while the Saudi Central Bank secured third position, said a press release. The category of the Best Central Bank in promoting Islamic Finance is one of the closely fought contests among regulators competing for supremacy through exceptional advances made during the year. The SBP has won this award for the 5th time during last seven years. Previously, it was bestowed with the coveted award for the year 2015, 2017, 2018, and 2020. SBP Governor Dr Reza Baqir said he was honoured to be leading the institution for two consecutive wins in Islamic finance.

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