1224Pakistan Current AffairsMedium
Which Central Bank Won the IFN global award 2021 for promoting Islamic Finance across the World ?
AState Bank of Pakistan
BSaudi Central Bank
CBank Negara Malaysia
DNone of these
Correct answer
A. State Bank of Pakistan
Explanation
Islamic Finance News (IFN), an arm of RED money Group, Malaysia, has announced State Bank of Pakistan (SBP) as the best central bank of 2021 across the world in promoting Islamic finance. IFN Best Banks Poll is regarded as a prestigious award in the global Islamic finance space. Bank Negara Malaysia stood second, while the Saudi Central Bank secured third position. SBP has won this award five times in seven years. Previously, SBP was bestowed with this coveted award for the year 2015, 2017, 2018, and 2020.