Page 15 - NIBAF-Training Matters October-December 2020

Oct - Dec 2020

Fundamentals of Islamic Banking Operations (FIBO)

This program is aimed at providing an orientation Academia and shariah scholars is also encouraged.
about various aspects of Islamic banking operations,
Since its initiation, NIBAF has so far conducted 53
Shariah compliant products and SBP regulatory
iterations of this program; four of these were
framework. The program also covers the essential
conducted during this quarter with two iterations in
information about Islamic law of contract and other
Peshawar and one each in Faisalabad and Quetta
related topics. The unique aspect of this program is
with approximately 90 participants.
that other than bankers, participation from

Islamic Banking Branch Operations (IBBO)

The first
iteration of
Islamic
Banking
Branch
Operations
Program
was held
at
Mingora,
Swat from
Nov 4 to
Nov 6,
2020. This
program
has been
designed it to cover various aspects of Islamic banking branch
in consultation with the State Bank of Pakistan operations, Shariah compliant products, deposit
specifically for smaller cities where branch staff is structure and SBP Regulatory framework. NIBAF
limited and cannot attend longer duration trainings. expects to hold more such programs for smaller cities
The program aimed to provide an orientation of in order to increase the operational awareness of
fundamental concepts of Islamic Finance and build on the staff.

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