Page 14 - NIBAF-Training Matters October-December 2020

L N I S T I T U T O E F BANKING AND FINANCE Training Matters!
A
N
O
I
T
A
N
Islamic Banking Trainings
Across NIBAF Campuses

Exponential growth in Islamic banking and its wider acceptance has increased the demand for human resource
training and specialization in the field. Cognizant of these developments, NIBAF has doubled its initiatives to
ensure that demand for qualified resources for the Islamic banking industry are adequately met. NIBAF's
Islamic banking courses are in high demand in the industry because it engages seasoned professionals and
experienced practitioners to effectively deliver a mix of theory and practice to the participants.

Islamic Banking Certication Course (IBCC)

The 47th iteration of the signature Islamic Banking Islamic Standards (primarily of AAOIFI and IFSB); the
Certification Course was held from Nov 2 to 24, concept of governance with focus on shariah
2020 at Lahore. The course registered relatively less compliance, risk management and relevant
number of participants (15only), due to the cautions regulatory instructions applicable in Pakistan.
required in light of the pandemic. Since it's a Participants were also informed about the
certificate course so all trainees had to appear in characteristics of Islamic Capital Markets, Sukuk,
daily quizzes and one comprehensive exam; Liquidity Management in IBIs, and Product
participants achieving 65% and above score were Development.
awarded certificates.
This batch was fortunate to have Mr. Omar Mustafa
The certification program was structured, in Ansari,Secretary General of AAOIFI, address the
consultation with industry and regulators, such that class online and speak on the prevailing situation
the foundations of Islamic Finance including and necessary measures which can be adopted.
objectives of Shariah, Riba, types of Riba, Gharar,
differences in Islamic and conventional banking were
reinforced. the
essentials of
Islamic
Contracts
were
introduced to
build
momentum for
a thorough
review of the
various modes
of Islamic
contracts and
their
calculations.
The course
also
introduced the
The 47th Batch of IBCC photographed with Mufti Irshad Ahmed Aijazz, Ahmed Aijazz,
The 47th Batch of IBCC photographed with Mufti Irshad
participants to
Chairman Sharaih
Chairman Sharaih Advisory Committee of the State Bank of Pakistan.Advisory Committee of the State Bank of Pakistan.
international
13