KARACHI: The central bank has extended the deadline for submission of proposals under Financial Innovation Challenge Fund (FICF) of 3rd round on “Promoting Excellence in Islamic Finance”.
The State Bank of Pakistan (SBP) unveiled third round on January 9, 2015 in Islamabad. FICF is a component of a larger financial inclusion programme being implemented by the SBP under the funding assistance of UK-Aid.
The objective of this round is to develop education and research infrastructure for promoting Islamic finance in partnership with leading higher education institutions.
