Page 12 - NIBAF-Training Matters July - December 2022

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.