Page 31 - NIBAF-Training Matters January-March 2021
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Besides its flagship Islamic banking programs, officers & Shariah scholars of 10 banks participated
NIBAF conducted several other training programs of in the course. Mr. Faizan Ahmad – CFO of ‘Islamic
varied duration for the capacity development of Bank of Afghanistan’ was the resource person.
human resource working in Islamic banking industry During two days, the trainer discussed “Basic
during the quarter under review. Concepts of Islamic Finance & Banking, Islamic
contracts especially for fund raising, concept of pool
Five iterations of three days Islamic Banking
Branch Operations (IBBO-2,3,4,5, and 6) were management and how Profit sharing ratio is
arranged on VILT modes. Mufti Muhammad Muaz different from weightages assigned to various
Usmani, Qazi Abdul Samad and Mufti Umar Irfan categories of deposits. Further, whole excel based
conducted these programs. Around 100 participants working for pool management in the light of SBP
from various banks, different universities & circulars was also part of the program. Lastly, SBP’s
Mudrasas including IMS Peshawar, NUML policy on ‘Islamic Export Refinance Scheme (IERS)
University, Hazara University, IBA-Gomal was also discussed and its related excel based
University, Education Department Bannu; Qurtuba working was also done.
University of Science & Information Technology, D. I. A 2-Day Program on Shariah Audit & Compliance
Khan, University of AJK and Darul Uloom Azizia for Islamic Financial Institutions was held in VILT
Hissainia Nawab Shah attended these programs. mode during February which was attended by 19
The trainers shared their knowledge and experience participants from various banks. The resource
regarding basic concepts and philosophy of Islamic person, Mr. Zia Akhtar Siddiqui, Head Shariah Audit
economic guidelines; Shariah concepts related to Faysal bank discussed the difference between
Businesses; Islamic Banking Deposit Categories; Shariah Audit and Shariah Compliance function,
Main contracts for IB deposits or borrowing and understanding Shariah non-compliance risk and its
brief working on Pool management-SBP guideline, impact, objectives and types of Shariah audit,
etc. Shariah Audit Planning, planning field work and
communication. The trainer also discussed a case
A 2-day Advance Level Course on “Deposit &
Pool Management” in Islamic Banking was study with the participants.
conducted on April 1,2, 2021 on VILT mode. This NIBAF also arranged three iterations of one of its
was fully funded program by IBD/SBP. Total 43 flagship program, i.e, five days, Fundamentals of
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