The National Institute of Banking and Finance (NIBAF) successfully concluded a six-day Islamic Banking Certificate Course (IBCC-71 – Module 3) at its Lahore Campus from August 18–23, 2025. The training program was specifically designed to enhance the knowledge and expertise of banking professionals in Shariah-compliant financial practices and products, an area gaining rapid significance in Pakistan’s evolving financial ecosystem.
The course brought together around 30 officers from various commercial banks across the country. Participants received comprehensive learning opportunities from experienced trainers who specialize in Islamic finance and Shariah audit. The program focused not only on theoretical understanding but also on practical application, enabling officers to integrate Islamic banking principles into their day-to-day operations.
The first two days of the training were led by Mr. Farhan Ul Haq Usmani, Executive Vice President and Head of Shariah Audit & Advisory at Meezan Bank Limited (MBL). With years of experience in guiding financial institutions on Shariah compliance, Mr. Usmani provided detailed insights into audit frameworks, governance structures, and advisory roles that ensure banks remain aligned with Islamic principles while delivering competitive financial services. His sessions highlighted the importance of strong Shariah oversight in building trust and credibility among customers.
On the third day, the course was led by Mufti Syed Sabir Hussain, a member of the Shariah Board at MIB. His lectures focused on the jurisprudential foundations of Islamic banking, including key contracts such as Murabaha, Ijarah, and Musharakah. He emphasized the role of Shariah boards in ensuring authenticity and compliance, stressing that Islamic banking goes beyond product development and requires a holistic approach rooted in ethical and equitable finance.
The remaining days of the program were dedicated to interactive sessions, group discussions, and case studies. Participants analyzed real-world banking scenarios, addressing challenges such as structuring Islamic financial products, mitigating risks, and maintaining profitability without compromising Shariah principles. These exercises allowed officers to apply theoretical learning to practical situations, preparing them to handle complex issues in their respective institutions.
The Islamic Banking Certificate Course is part of NIBAF’s long-standing efforts to strengthen the capacity of banking professionals in Pakistan’s Islamic finance sector. With increasing demand for Shariah-compliant products, the role of such specialized training becomes critical for expanding financial inclusion and meeting the needs of customers seeking alternatives to conventional banking.
By hosting programs like IBCC, NIBAF not only supports the professional development of banking officers but also contributes to Pakistan’s broader vision of becoming a global hub for Islamic finance. The training reflects the growing importance of aligning financial services with religious and ethical values, ensuring transparency, trust, and fairness in the system.
The successful completion of IBCC-71 marks another milestone in NIBAF’s commitment to equipping financial sector professionals with the knowledge required to serve an increasingly diverse market. As Islamic banking continues to expand in scope and adoption, initiatives like these will play a pivotal role in shaping the future of Pakistan’s financial landscape.