The National Institute of Banking and Finance (NIBAF), an integral part of the State Bank of Pakistan’s training infrastructure, recently conducted a comprehensive Islamic Banking Professional Development Program from May 26 to 30, 2025, at its Islamabad Campus. This intensive week-long program was designed specifically for officers from commercial banks, aiming to deepen their understanding of Islamic banking principles, regulatory frameworks, and operational best practices.
Islamic banking continues to play a pivotal role in Pakistan’s financial sector, offering Shariah-compliant alternatives to conventional banking services. Recognizing the growing demand for skilled professionals in this niche, NIBAF has prioritized capacity building in Islamic finance as part of its mandate to support the development of a knowledgeable and competent banking workforce. The Islamic Banking Professional Development Program is a key initiative aligned with this goal.
The program featured two distinguished trainers, Dr. Rashid Mansoor and Mufti Fawad Ali, both widely respected for their expertise in Islamic finance and Shariah law. Their combined experience and academic credentials provided participants with a balanced approach, integrating theoretical knowledge with practical applications. The sessions covered critical topics such as the principles of Islamic finance, various Islamic banking products, Shariah governance, and compliance requirements.
Dr. Rashid Mansoor, known for his scholarly contributions to Islamic economics, led discussions on the economic rationale behind Islamic banking and its significance in the broader financial ecosystem. Meanwhile, Mufti Fawad Ali brought in-depth insights into Shariah compliance and jurisprudence, helping attendees understand the religious and ethical foundations that govern Islamic financial transactions.
The training also addressed operational challenges faced by Islamic banks, including risk management, product structuring, and regulatory oversight. Participants engaged in case studies and interactive discussions that encouraged critical thinking and practical problem-solving, equipping them to apply learned concepts effectively within their respective institutions.
Officers from a range of commercial banks participated in the program, fostering a collaborative learning environment that promoted knowledge exchange and networking. This diversity of experience enriched the discussions and helped create a shared understanding of industry best practices.
NIBAF’s role in facilitating such targeted professional development programs underscores its commitment to enhancing Pakistan’s banking sector’s capabilities. By empowering banking officers with advanced skills in Islamic finance, NIBAF supports the State Bank of Pakistan’s vision of a stable, inclusive, and innovative financial system.
As Islamic banking continues to expand both domestically and internationally, ongoing education and training remain vital to ensuring compliance, customer confidence, and sustainable growth. Programs like the Islamic Banking Professional Development Program demonstrate how strategic capacity building can help position Pakistan as a competitive player in the global Islamic finance landscape.
Through initiatives like this, NIBAF and SBP are not only fostering a skilled workforce but also strengthening the foundations for a resilient and ethical banking environment that meets the evolving needs of customers and regulators alike.