NIBAF Pakistan successfully conducted a two-day intensive training program titled “Navigating the Intersection: Islamic Finance, Money Laundering & Terrorist Financing” from September 8–9, 2025, at its Lahore Campus. The program was designed to equip banking and finance professionals with advanced knowledge and practical tools to ensure compliance with Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations within the framework of Shariah-compliant financial operations.
The training brought together 13 professionals from a range of financial institutions, creating an environment for collaborative learning and cross-institutional knowledge sharing. Participants engaged in interactive sessions aimed at bridging the gap between traditional banking compliance measures and the unique requirements of Islamic finance. The program focused on risk identification, transaction monitoring, reporting obligations, and the implementation of internal controls to mitigate financial crimes.
Guided by expert trainers, Mr. Saud Shahid and Mr. Savaiz Sajjad Bukhari, the participants received in-depth insights into the evolving regulatory landscape of AML/CFT compliance in Pakistan and internationally. The sessions emphasized the critical importance of adhering to both domestic regulations and international standards set by organizations such as the Financial Action Task Force (FATF). Participants also learned about Shariah-specific considerations, including structuring compliant contracts, detecting high-risk transactions, and applying effective monitoring techniques to prevent misuse of Islamic financial products for illicit purposes.
The training combined theoretical knowledge with practical case studies, simulations, and hands-on exercises to ensure participants could apply compliance frameworks directly within their respective organizations. The program also addressed emerging challenges in Islamic finance, such as fintech integration, cross-border transactions, and digital payment systems, highlighting the intersection of technology, regulatory compliance, and Shariah principles.
By enhancing awareness and capacity in AML/CFT practices, NIBAF Pakistan aims to strengthen the resilience and credibility of the Islamic finance sector. The program also underscored the role of continuous professional development in mitigating operational and reputational risks for financial institutions while ensuring alignment with global best practices.
Participants left the program with a clearer understanding of regulatory expectations, practical skills to detect and report suspicious activities, and the ability to design compliance strategies tailored to Islamic banking operations. NIBAF Pakistan continues to play a pivotal role in capacity building across the banking and finance industry, fostering a culture of compliance, risk awareness, and ethical financial practices.
Follow the PakBanker Whatsapp Channel for updated across Pakistan’s banking ecosystem.