Page 10 - NIBAF-Training Matters Oct-December 2021

2 Iterations of the 3-day Islamic Banking Operations Awareness Session for CEIF IMSciences Peshawar was
(IBBO) were conducted during the quarter conducted on October 21, 2021 in virtual mode. The
1 program was conducted by Qazi Abdul Samad and
IBBO-12 was conducted in virtual mode during October Muhammad Usman Abbasi which was attended by 103
1 13-15, 2021. The program was conducted by Mufti participants.

Muhammad Abu Bakar Sirajuddin which was attended by
44 participants from various banks, SBP BSC Gujranwala Awareness session for COMSATS Abbottabad was
and students from Punjab University Gujranwala campus. conducted in virtual mode on December 13, 2021 which
2 was attended by 106 participants. The program was
IBBO-13 was conducted in virtual mode during November conducted by Qazi Abdul Samad and Ghulam Shabbir.
2 8-10, 2021. The program was conducted by Muhammad
Saarim Ghazi which was attended by 31 participants from
various banks and students of COMSATS University Awareness session for GC University for Women,
Abbottabad and Hazara University, Mansehra. 3 Faisalabad was conducted in virtual mode on
December 15, 2021. The program was conducted by
Mufti Muhammad Abu Bakar Sirajuddin and Ghulam
In the above 3-day IBBO programs, the trainers discussed Shabbir which was attended by 584 participants.
basic concepts and philosophy of Islamic economics
guidelines 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 with the
participants. The trainer also discussed various types of
saving deposits under Islamic banking, and elaborated a
comparison of Islamic and conventional current account
through examples. Besides, the trainers explained pool
management with the help of examples and calculation NIBAF in collaboration with Bahrain Institute of Banking
1 A Shariah Perspective” which was attended by 123
for profit distribution. & Finance (BIBF) arranged a webinar on “Block Chain-

participants. Dr Ahmad Asad Mahmood Ibrahim from
the BIBF delivered the webinar.

NIBAF in collaboration with AAOIFI arranged a webinar
2 on “Methodology to Adopt AAOIFI Standards &
Addressing Gaps” which was delivered by Omar
Mustafa Ansari, Secretary General AAOIFI and Mufti
Irshad Ahmad Aijaz, Chariman Shariah Committee
Advisory Committee SBP and SECP.

3 NIBAF arranged a webinar Application of Basel
Standards on Islamic Banking - What the last 20-years’
experiment tells us? The program was conducted by Dr.
Zahid ur Rehman Khokhar, Ex. Assistant Secretary
General, IFSB.

During all these awareness sessions and webinars, the
participants were apprised about the subject. Moreover,
Towards the end of the webinar, Q&A session was
conducted in which participants asked different
questions which were adequately responded by the
panelists.