“Transforming Pakistan’s Economic System: A Shariah-Compliant Approach to Digitalization and Ethical Governance”
Team Hakeem was honored to participate in the prestigious pre-conference workshop of ICIB–2025, an event designed to catalyze meaningful change in Pakistan’s financial landscape through Islamic ethical governance and digital innovation.
Workshop Objective
The workshop aimed to provide insights and practical strategies for transitioning Pakistan’s financial system into a Shariah-compliant, value-based model – while navigating the challenges of digital transformation. It focused on harmonizing emerging technologies with Islamic finance principles, particularly fairness, justice, and efficiency, in an evolving financial ecosystem.
Key Themes Explored
- Transitioning the Financial System
Lessons from Faysal Bank’s conversion and the broader shift from conventional to Islamic banking, including operational and compliance challenges. - Islamic Ethical Governance for Financial Systems
Principles to ensure Shariah compliance during digital transformation and governance models for balancing innovation with justice and profitability (Value-Based Intermediation). - Digitalization in Islamic Finance and Capital Markets
The role of Islamic social finance in driving equity and inclusion; use of digital tools for crowdfunding, Takaful, and access to finance for SMEs and underserved communities.
Target Audience
The workshop brought together a diverse mix of:
- Financial policymakers and regulators
- Islamic banking and Shariah advisory professionals
- Researchers, academicians, and students in Islamic finance and digital transformation
Proposed Outcomes
- Development of actionable strategies to advance a Shariah-compliant digital financial system
- Fostering cross-sector collaboration among stakeholders
- Identification of key policies and technologies to support efficiency, innovation, and inclusion
Hakeem’s Participation
Representing our values-driven approach to fintech, Team Hakeem actively engaged with industry leaders, scholars, and regulators to contribute to the broader conversation on ethical financial transformation. Each of our team members received a certificate of participation, reflecting their commitment to learning and ethical innovation.
This experience reinforced Hakeem’s mission to deliver digital financial solutions rooted in justice, inclusion, and Shariah principles. We remain inspired and aligned with the national vision of building a more equitable financial future.
