Karachi, May 27, 2025 – The Islamic Banking Certificate Course (IBCC-70), Module 3, concluded successfully at the National Institute of Banking and Finance (NIBAF) Karachi Campus. Held from May 19 to 24, 2025, the training session was conducted in a face-to-face (F2F) format, bringing together a diverse group of officers from the State Bank of Pakistan (SBP) and various commercial banks operating across the country.
The IBCC program, a flagship initiative aimed at strengthening the Islamic banking ecosystem in Pakistan, continues to play a critical role in enhancing the knowledge and competencies of banking professionals. Module 3 of the course was designed to offer participants a deeper understanding of Shariah-compliant financial systems, focusing on practical insights, regulatory frameworks, and operational practices in Islamic finance.
The training was delivered by a panel of seasoned experts, including renowned Shariah scholars and experienced practitioners in Islamic banking. Their collective expertise ensured that participants received both theoretical foundations and hands-on perspectives regarding Islamic banking products, risk management, compliance, and governance structures. The course covered essential modules such as Islamic modes of financing, liquidity management in Islamic banks, Takaful (Islamic insurance), and the differences between conventional and Islamic financial systems.
Participants engaged in interactive sessions, case studies, and scenario-based exercises to better understand the application of Islamic banking principles in real-world scenarios. The face-to-face format of the training further encouraged peer learning, open discussions, and networking among professionals representing diverse institutions. This collaborative environment allowed attendees to share challenges and best practices, strengthening interbank cooperation in promoting Islamic finance.
According to training organizers, the IBCC-70 session aligns with national efforts to expand Islamic banking’s market share and to ensure compliance with Shariah governance standards across the industry. The continued emphasis on skill development in this sector reflects the State Bank’s strategic vision to make Islamic banking a more significant component of Pakistan’s overall financial system.
The Islamic banking sector in Pakistan has witnessed steady growth in recent years, with rising customer demand for Shariah-compliant products and increased institutional support from the central bank. As the industry continues to evolve, training programs such as the IBCC serve as key enablers for capacity building and professional excellence.
Attendees praised the depth and relevance of the training, with many noting that the course content enhanced their understanding of Islamic banking operations and helped them gain confidence in applying these principles within their respective roles. The blend of academic rigor and practical orientation made the course especially beneficial for officers working in compliance, product development, risk management, and audit functions.
The successful completion of Module 3 of IBCC-70 marks another milestone in NIBAF’s ongoing efforts to support Islamic banking education and training in Pakistan. As part of its broader mission, NIBAF continues to offer a wide array of programs aimed at preparing banking professionals to meet the demands of a rapidly transforming financial sector.
By equipping officers with specialized knowledge and skills, the IBCC course contributes meaningfully to the strengthening of Islamic finance in Pakistan, supporting national economic goals and aligning with global best practices in ethical and interest-free banking.