The Executive Society and Accounting and Finance Society of Faisalabad Business School at National Textile University Faisalabad, in collaboration with the State Bank of Pakistan, hosted a comprehensive seminar to bridge the gap between academic learning and industry practice in Islamic Banking. The event aimed to provide students and faculty with in-depth knowledge of the operational principles and frameworks that distinguish Islamic finance from conventional banking.
The seminar was inaugurated by Dr. Sajjad Ahmed Baig, Director of Faisalabad Business School, who highlighted the growing global importance of Islamic finance and the necessity of equipping future business leaders with specialized knowledge to navigate this rapidly expanding sector. Dr. Baig emphasized that collaboration with regulatory institutions such as SBP provides students with practical exposure that complements their academic curriculum.
The technical session featured Ms. Fozia Aslam, Chief Manager at the State Bank of Pakistan, who provided detailed insights into the current landscape of Islamic Banking in Pakistan. She discussed the regulatory framework, rapid industry growth, and the role of Shariah-compliant banking in fostering equitable economic systems. Ms. Aslam’s presentation offered participants a clear understanding of how financial institutions implement Islamic finance principles to provide inclusive banking solutions.
Adding a critical theological and procedural dimension, Mufti Abdul Basit from the State Bank of Pakistan delivered a detailed discussion on the operational workings of Islamic Banking. He explained essential concepts including Mudarabah, Musharakah, and Ijarah, demonstrating how Shariah-compliant transactions are structured, approved, and executed. His session emphasized the balance between religious compliance and financial governance, highlighting practical applications in contemporary banking.
The seminar also provided an interactive platform for students, concluding with a lively Q&A session where attendees could engage directly with experts, clarifying queries on technical, regulatory, and procedural aspects of Islamic finance. The exchange allowed students to contextualize theoretical knowledge with real-world practices, enhancing their understanding of financial operations in an ethical banking framework.
Organizing the event was a dedicated team led by Dr. Shahzad Iqbal and Sardar Pervaiz Akhtar, supported by student volunteers including Saad Ijaz, Haseeb, Maheen, Zilva, and others. Their efforts in planning, coordinating, and executing the seminar ensured a smooth experience, reflecting the institution’s commitment to providing high-quality educational initiatives.
The seminar marks a significant step in strengthening academic-industry collaboration in Pakistan, reinforcing the State Bank’s role in promoting financial literacy and responsible banking practices. It highlights the increasing relevance of Islamic finance education in preparing students for careers in an evolving banking sector, emphasizing ethical standards, regulatory compliance, and practical knowledge for future professionals. The event not only enhanced awareness of Shariah-compliant finance but also encouraged students to actively engage in discussions around inclusive and sustainable banking practices in Pakistan.
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