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


Correct Answer: A. State Bank of Pakistan

Detail About MCQs

Islamic Finance News (IFN), an arm of RED money Group, Malaysia, has announced the 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 the third position. SBP has won this award five times in seven years. Previously, SBP was bestowed with this coveted award for the years 2015, 2017, 2018, and 2020.