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Islamic Banking

Islamic Banking

With rapidly expanding Islamic banking industry in Pakistan as well as in rest of the world the demand for qualified & trained Islamic bankers/professionals with clear insights & concepts has increased manifold for implementing Islamic Banking based on Shariah Principles and methodologies. While appreciating this requirement as well as highlighting the central bank’s (State Bank of Pakistan) policy to promote Islamic banking industry along with its human resources, NIBAF puts its best efforts to design and deliver courses on Islamic Banking & Finance. In its efforts for capacity building of the domestic as well as foreign Islamic Banking industry NIBAF has joined hands with AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) ; Bahrain Institute of Banking and Finance (BIBF); CEIF IMSciences; INCEIF and many other renowned institutions. NIBAF is also providing testing or Assessment services to these institutions as well. Currently following training options are available.

Islamic Banking Certificate Course – IBCC

Islamic Banking certificate course is the flagship training program of NIBAF widely accepted in the Islamic banking industry of Pakistan. The purpose of the course is to provide the Islamic banking knowledge to the bankers with practical Shariah based solutions of the banking needs of the masses. The participants are able to go through all the areas of Islamic Banks while discussing various issues with the Shariah experts as well as market practitioners and academicians.
The certificate course consists of 16 comprehensive modules and a candidate needs to pass 16 quizzes and a final exam during the program. At the end of successful completion of the course, the participants are able to develop deeper understanding of the Islamic banking products (both asset & liability side) currently employed by the IBIs in Pakistan. It also encompasses the regulators’ approach and the government objective for seeking financial inclusion through Shariah compliant banking solutions in the country besides discussing Sukuk, Treasury Management in IBIs and Islamic Capital markets etc.

Fundamentals of Islamic Banking Operations (FIBO)

This five days training program is aimed at providing an orientation about various aspects of Islamic banking operations, Shariah compliant products and SBP regulatory framework. The program covers the essential information about Islamic laws of contracts and other related topics. The unique aspect of this program is that other than bankers, participation from Academia and Shariah scholars is also encouraged.

Islamic Banking Branch Operations – IBBO

This three days program has been designed to cater the needs of Operations Manager of any Islamic Bank branch. It covers basic concepts and philosophy of Islamic economic guidelines; Shariah concepts related to Businesses; Islamic Banking Deposit Categories; Main contracts for IB deposits or borrowing and brief working on Pool management vis-à-vis SBP guideline etc.

Diploma In Islamic Banking & Finance

NIBAF is very proudly in the process of offering a advance Level ‘Diploma in Islamic Banking & Finance. It would be offered with the help of CEIF-IMSciences and equal to 30 credit hours for any further post graduate study. During the program, 10 modules of 03 credit hours would be studied which are equal to a separate certificate program as well.

Crash Program for CSAA (AAOIFI Exam)

NIBAF is also offering a very fast pace course for the preparation of ‘Certified Shariah Advisor & Auditor(CSAA)”. All Shariah Standards as well as Auditing Standard would be delivered within 11 working days along with their related quizzes and a final exam. This course would be offered in ‘hybrid’ mode where a physical class would be convened at NIBAF Islamabad and participants may opt virtual participation. Successful participation of this course may lead to a successful appearance in AAOIFI’s exam.

Advance Diploma In Islamic Finance (ADIF)

NIBAF has very proudly joined hands with BIBF and both will offer latter’s ADIF program in Pakistan. This opportunity will open the window for domestic bankers to have a foreign diploma through domestic institution.

Other ‘Advance Level Special Courses’:

  • Legal, Regulatory, Corporate and Shariah Governance Framework Module for IBIs
  • Key AAOIFI Shariah Standards (only focused standards)
  • Program on “Deposit & Pool Management”
  • Program on Shariah Audit & Compliance for Islamic Financial Institutions
  • Islamic Fintech & Islamic Digital Finance (DiFi)
  • Risk Management in Islamic Banks
  • Islamic Capital Market
  • Takaful - Concept and Models