Islamic Banking certificate course is the flagship

training program of NIBAF widely accepted in the

Islamic banking industry of Pakistan.

The purpose of the course is to provide the Islamic

banking knowledge to the bankers with practical

Shariah based solutions of the banking needs of the

masses. The participants are able to go through all

the areas of Islamic Banks while discussing various

issues with the Shariah experts as well as market

practitioners and academicians. At the end of

successful completion of the course, the participants

are able to develop deeper understanding of the

Islamic banking products currently employed by the

IBIs in Pakistan. It also encompasses the regulators’

approach and the government objective for seeking

financial inclusion through Shariah compliant

banking solutions in the country.

National Institute of Banking and Finance

36TH ISLAMIC BANKING CERTIFICATE COURSE

Objectives & Background

With rapidly expanding Islamic banking industry in Pakistan as well as rest of the world the demand

for qualified & trained Islamic bankers/professionals with clear insights & concepts has increased

manifold for implementing Islamic Banking based on Shariah Principles and methodologies. While

appreciating this requirement as well as highlighting the central bank’s (State Bank of Pakistan) policy

to promote Islamic banking industry along with its human resources, NIBAF puts its best efforts to

design and deliver courses on Islamic Banking & Finance.

NIBAF has designed a 17 working days intermediate to advance level course in consultation with

Islamic Banking experts and Shariah scholars from within the country and the Islamic world. The main

objective is to introduce a comprehensive training program that’s meets the requirements of Islamic

banks to train their existing staff besides providing continuous supply of qualified human resource

later on.

In this regard, NIBAF has provided training opportunity to more than 1,200 domestic as well as

foreign officers of banks & IFIs in 35 iterations being conducted so far at various locations. Given the

market need and demand by the bankers, 36th batch of the same certificate course is scheduled

during 19th September to 07th October 2016 at Karachi.

Course Features:

The course consisting of 16 comprehensive modules. The participants are evaluated for each Module

separately and a Comprehensive test is held at the end. Participants are assigned group work

requiring presentation on product development and educating the clients on Islamic banking.

Participants able to score above the threshold level i.e. 60% in each of the modules and those

qualified would undergo for Comprehensive examination. Those candidates that obtain a minimum

of 65% of the overall weighted score would be awarded with certificates. The participants who are

not able to achieve the threshold would be given one more chance to make up the deficiency and

claim the certification.

Target Group

Target Group is officers in middle to senior level management of Commercial Banks, Islamic banks,

other IFIs and Central Bank. Besides, lawyers, academicians, employees of audit / accountancy firms

and fresh employees of the banks with graduation degree are also encouraged to join the course.

Dates/Duration: September 19 – October 07, 2016 (17 working days including two Saturdays)

Venue: NIBAF; Karachi (exact location in Karachi would be communicated later)

Course Fee: Rs.95,000/- (Course Fee covers costs related to training material, stationery, lunches,

refreshments, evaluation & certification etc.)

Training Program Content:

The following key topics are likely to be covered:

Fundamental Concepts: Concepts about Shariah, its objectives, ultimate ownership of wealth, principles

of Islamic economics would be discussed. Further, Riba with its types / principles, Gharar, Gambling

and concept of qard/loan are also main components.

Modes of Islamic Finance: Sale, its types, Credit Sale, Murabaha, Musawama, Salam, Istisn’a, Leasing,

Musharaka ; DM and Mudaraba with their detailed features, applications and specification risks

would be discussed. Further, credit card; LC; import Murabaha, SBP Islamic export refinance, Bay-al-

Dayn; Hawala; Kafala and Wakala are also included in course.

Asset / Liability Management: Features of various deposits modes and their profit calculation beside

calculation of DM product would be discussed. Further, Sukuk, Treasury Management with its

instruments, working of Stock exchange mechanism are main components.

Regulatory and Control Activities: SBP regulatory framework with specific guidelines would be

discussed. Following are also included:

Risk management in IFIs with its tools

Internal Shariah Controls / Audit

AAOIFI standards on Accounting treatment, Governance, conversion from conventional to IB etc.

Workshop on Documentation

Takaful

HEAD OFFICE

Sector H-8/1, Pitras Bokhari Road,

Islamabad – Pakistan.

PABX : (92-51) 9269850 - 58

Fax : (92-51) 9269835 & 36

E-mail : info@nibaf.gov.pk

Contact Person:

Mr. Muhammad Arif, Senior Joint Director ; E-mail: marif@sbp.org.pk

For more information please visit our website: http://www.nibaf.gov.pk