Page 20 - NIBAF-Training Matters April-June 2021

as well as the permissible and prohibited transactions under Shariah.

The Shariah concepts related to business such as Interest (Riba),
Uncertainty (Gharar), Gambling (Qimar), Honesty and Fair Trade

(Ghishsh) and (Khilabah), Misleading marketing, spending in the Good
Cause, hoarding [Ihtikaar], Buy Back, Entitlement to profit on concept
of risk were also discussed.

The trainer also discussed various types of saving deposits under

Islamic banking, and elaborated a comparison of Islamic and
conventional current account. Besides, the trainers explained pool
management with the help of examples and calculation for profit as

well as loss distribution. The participants appreciated the program and
were of the opinion that given the COVID situation in the country, the

online version is suitable for the program. However, they suggested to
revert to face to face programs once the covid situation eases out.

A total of 101 participants including banks, faculty members and
students of GIFT University Gujranwala, University of Gujrat, University

of Punjab Gujranwala Campus, Markaz Saotul Quran Gujranwala,
faculty members and students of Govt. College Women University,
Sialkot, University of Management Technology, Sialkot and University

of Sialkot, and Students of COMSATS University (Abbottabad and
Islamabad) attended these sessions.

3 2-day program on “Deposit & Pool Management” in Islamic
Banking was arranged on April 1 & 2, 2021 on VILT mode. Total 43
Three officers & Shariah scholars of 10 banks participated in the course. Mr

Advance Level Faizan Ahmad – CFO of ‘Islamic Bank of Afghanistan’ was the resource

Islamic person. During two days, the trainer discussed “Basic Concepts of
Islamic Finance & Banking, Islamic contracts especially for fund raising,
Banking
concept of pool management and how Profit sharing ratio is different
Programs on from weightages assigned to various categories of deposits. Further,

Islamic excel based working for pool management in the light of SBP circulars

Banking was also part of program. Lastly, SBP’s policy on ‘Islamic Export

Refinance Scheme (IERS) was also discussed and its related excel
based working was also done.

2-Day Advance Level program on ‘Understanding Legal,

Regulatory & Shariah Governance Framework for IBIs” was
arranged on April 27-28 in VILT mode. Mr. Muhammad Islam Ahmad,

Training Matters! – April – June, 2021 20