Hyderabad : Vice President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) and
Convener of the Banking Affairs Committee, Shan Sehgal, attended the Islamic Banking Awareness
Seminar organized by Meezan Bank in Hyderabad.
The event was well-attended by a large number of businesspersons, social figures, and representatives
from the banking sector. During the seminar, Mufti Muhammad Naveed, Shariah Analyst
(SME/Commercial and Investment Banking), elaborated on the principles, foundations, and
distinguishing features of Islamic banking compared to the conventional interest-based system.
In his address, Mufti Muhammad Naveed stated that Islamic banking is a Shariah-compliant financial
system based on the principles of the Holy Qur’an and Sunnah, which aims to promote interest-free
transactions, equity-based investments, and fair distribution of halal profits. He explained that Islamic
banking operates on the principle of Profit and Loss Sharing, which is rooted in genuine trade and
partnership rather than an interest-based structure.
He further described various Islamic banking modes such as Murabaha, Ijarah, Musharakah, and
Mudarabah, highlighting that this system not only facilitates the business community but also plays a vital
role in achieving economic stability and justice-based growth across the nation.
Speaking on the occasion, Mr. Shan Sehgal appreciated Meezan Bank’s initiative, saying: “Meezan
Bank’s efforts in organizing Islamic Banking Awareness Seminars are truly commendable. Such
programs are essential for educating the business community about the benefits of Shariah-compliant
financing and represent a significant step towards the promotion of an Islamic economic system.”
He further emphasized that the Hyderabad Chamber is committed to strengthening its collaboration with
the banking sector to ensure better access to Islamic financial facilities for small traders and industries.
Mr. Sehgal lauded Meezan Bank’s long-standing efforts, acknowledging that the bank’s nationwide
awareness seminars, educational and research initiatives, and the establishment of its Knowledge Centre
have significantly enhanced business community confidence in Islamic banking.
During the event, Mr. Shan Sehgal also met with Meezan Bank’s Area Manager, Mr. Farhan Memon, and
proposed that joint workshops, advisory sessions, and awareness seminars should be organized at the
HCSTSI Secretariat in the future. He suggested that such initiatives would enable small traders to gain
practical understanding of Islamic financial principles and benefit from a system rooted in ethics, fairness,
and shared prosperity
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