Page 12 - NIBAF-Training Matters July - December 2022
P. 12

Fundamentals of  Islamic  Banking  Operations(FIBO) is  a  five-
                                                                   day  program  that  aims  to  provide  a  comprehensive
                                                                   orientation/exposure about various aspects of islamic banking
                                                                   operations,  shariah  compliant  products  and  SBP  regulatory
                                                                   framework. The Program is designed for both Bankers (Branch
                                                                   Managers, Operations Managers, and Relationship Managers
                                                                   etc.) and non-bankers (Shariah Scholars, Academicians etc.).
                                                                   Renowned  Sharia  Scholars,  Resident  Sharia  Members  of
                                                                   different banks, and islamic banking experts and officers from
                                                                   Islamic  Banking  Department,  SBP  are  invited  to  deliver  the
                                                                   different modules of the program with daily assessments and a
                                                                   comprehensive   assessment   adminstererd   at   program
                                                                   conclusion.
                                                                   Over  the  five  days  different  areas  including  foundation  level
                                                                   concepts are covered including principles of islamic economics
                                                                   and  Shariah,  islamic  banking  and  its  pillars,  comparison  on
                                                                   conventional vs islamic banking, islamic law of contracts and
                                                                   principles  of  trading.  Practical  knowledge  and  current
                                                                   application  of  intermediation  modes  and  sub  modes,  their
                                                                   process flows & risks, documentation and practical issues are
                                                                   also  discussed  in  detail.  In  the  final  module  deposit-side
                                                                   products  and  issues  including  profit  distribution  mechanism,
                                                                   available contracts for deposit mobilization, concepts of profit
                                                                   sharing  ratio  and  assignment  of  weightage,  sukuk  and
                                                                   difference from conventional bonds & securities, SBP legal &
    This three days’ program has been designed to cater the needs of   regulatory frame for Islamic banking are discussed in detail.
    operations  manager  and  other  branch  staff  of  islamic  banks.  It   NIBAF conducted 5 iterations of FIBO programs in H1FY23 as
    covers  basic  concepts  and  philosophy  of  islamic  economic   listed below:
    guidelines;  Shariah  concepts  related  to  businesses;  islamic
    banking  deposit  categories;  main  contracts  for  islamic  banking   FIBO-70 was conducted online from July 25-29, 2022
    deposits /borrowing and brief working on pool management vis-à-       and attended by 27 participants including bankers and
    vis SBP guideline etc. NIBAF conducted 3 iterations of the IBBO       faculty   members/students   of   Isra   University
    programs over the period as detailed below:                           Hyderabad & SZABIST University Hyderabad.

                                                                          FIBO-71  was  conducted  online  from  August  22-26,
             IBBO-17 was conducted online from July 20-22, 2022           2022 and was attended by 27 participants including
             and was attended by 11 participants including bankers        bankers and faculty members/students of University of
             and  faculty  members/students  of  Isra  University         Loralai and Sardar Bahadur Khan Women University,
             Hyderabad,  Columbia  University,  SZABIST  University       Quetta.
             Hyderabad,  Shaheed  Benzair  Bhutto  University,
             Shaheed Benzairabad and Darul Uloom Karachi.                 FIBO-72 was conducted online from September 5-9,
                                                                          2022 and was attended by 29 participants including
             IBBO-18 was conducted online from August 15-17, 2022         bankers  and  faculty  members/students  of  Islamia
             and was attended by 33 participants. Besides bankers,        University Bahawalpur.
             the program was attended by students/faculty members
             of  Institute  of  Southern  Punjab  Multan,  Women          FIBO-73 was conducted from October 10-14, 2022 at
             University  Multan  and  Bahauddin  Zakaria  University      NIBAF  North  Nazimabad  Karachi.  The  program was
             Multan. Students from Jamia Umar ibn Khitab, Yangon,         attended  by  41  participants  including  bankers  and
             Myanmar also attended this program.                          faculty members/students from University of Karachi,
                                                                          Darul  Uloom  Karachi,  Darul  Uloom  Memon  Karachi,
             IBBO-19 was conducted online from September 27-29,           Jinnah University for Women Karachi etc.
             2022  and  was  attended  by  24  participants  including
             bankers  and  students/faculty  members  of  GIFT            FIBO-74 was conducted from November 7-11, 2022 at
             University  Gujranwala  and  University  of  Punjab          NIBAF Lahore which was attended by 26 participants
             Gujranwala.
                                                                          including bankers and faculty members/students from
                                                                          Jamia Ashrafia Lahore and UMT Lahore.
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