Page 7 - NIBAF-Training Matters April - June 2022

Fifty second iteration of the Islamic
Banking Certificate Course (IBCC)
was held during May 12-June 3,
2022 for 23 participants from
different banks and SBP officers.
This certificate course is comprised
of 16 modules including The sixty-ninth iteration of the Fundamentals of Islamic Banking Operations
foundations of Islamic banking, (FIBO) was arranged in virtual mode and conducted from May 16-19, 2022 by
products, latest operational issues multiple trainers including Mufti Muhammad Abubakar Sirajuudin, Qazi Abdul
faced by banks, SBP regulations Samad and Mr. Ghulam Shabbir. The program was attended by 33 participants
and product development. Being a including 15 bankers and students/faculty members from Women University
certificate program, it involves Multan, Bahauddin Zakariya University Multan, NUML University Multan. During
regular assessments in the form of the program, the participants were apprised about sources & objectives of
quizzes followed by a Shariah, principles of Islamic Economics and Shariah, basic concepts of Islamic
comprehensive exam, which all banking, key prohibitions such as Riba, Gharar and Qimar. The participants were
participants need to pass for also apprised about the time value of money vs. time value of assets and a
getting certified. The participants, comparison of conventional and Islamic banking was also made. Moreover,
in their feedback highly Islamic law of contract, SBP Shariah governance framework and Sukuk were also
appreciated the program and also discussed at length. The trainers further discussed and elaborated various
put forth valuable suggestions for aspects of Islamic banking operations, Shariah compliant products based on
improvement of content and Murabaha, Ijarah, Musharaka, Mudaraba, Salam and Ististna through practical
delivery of the program. examples. The participants largely appreciated the program and delivery by the

trainers. They also shared valuable suggestions for improvement of the program.

NIBAF in collaboration with Islamic Banking
Department conducted a two-day workshop on
Islamic Capital Markets. The program was
conducted by Farhan ul Haq Usmani and attended
by 16 participants.