ABOUT

We are a non-profit organization established in 2007 to create awareness among the masses (especially the youth) and professional bankers about the parallel Islamic financial system, which is free from RIBA, through training, research, and certified courses.

In order to further strengthen expertise, the institute joined hands with the Skill Development Council (constituted by the Government of Pakistan) in 2016. We are also proud to be one of the partner institutes of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI, Bahrain) and the Cambridge Institute of Islamic Finance, United Kingdom, which, combined with our training experience of more than a decade, gives us an edge over the others in the Islamic finance academia. All our courses are registered with SDC, and the said authorities conduct computer-based exams and issue transcripts and certificates to the successful candidates.

With the changing dynamics of the global economy, the anomaly of lack of skilled and trained employees and professionals has been created. In order to cater to this need of time, the Institute started Short courses and Certificate program on Islamic Banking, Finance and Takaful on a much affordable price.

The Institute has acquired the expertise of professionals, academicians, research scholars, Ulema and skilled bankers to achieve the following goals:

Provision of complete Business solution and guidance as per Islamic jurisprudence.
Research on Islamic Banking and Financial system and its publication to spread knowledge among banking professionals, finance students and the general public.
Conducting short courses and Diploma in Islamic Banking, Finance and Takaful.
Career counselling and provision of jobs for skilled/educated individuals.
Conferences, Seminars, Workshops, Focus Groups etc. on Islamic Banking, Finance and Takaful.

May Allah (SWT) guide and help us to take the Institute to the next level, In’sha’Allah!

MISSION

To arouse, inspire and deliver cutting edge education, learning, research, capacity building and counseling services in the locale of Islamic Banking and Finance to uphold and prosper the Islamic teachings

VISION

To be the premier leading institute of knowledge center for Islamic Banking and Finance in Pakistan for the development and promotion of Shariah compliant teachings as a medium for economic and financial growth, Islamic microfinance and Takaful industries.

Chairman's Message

Islamic Banking is in its growing stage, but the ethical part of it is still in struggling phase. None of the Islamic systems allows to go without ideology and ethical path.

Allah SWT addresses mankind in Holy Quran by saying: “O’ you who have believed, enter into Islam completely and do not follow the footsteps of Satan. Indeed, he is to you a clear enemy” (2:208).

It’s not like I accept this, but not even any other. So what we need to do through these classes, sessions and other programs, try to find out what actually Islam had to say and why we are moving with the Islamic Banking system (as far as I say non-Riba or Riba free Banking system).

Let’s try to facilitate the new thinking Generation to come out with a system which is purely Islamic and then you will be able to understand the difference between Conventional Banking system and Islamic Banking system and then mold it into Islamic Banking system where ever possible.

It is an honour to start a system which has now become able to develop, with the help of a great Team, Certification and Diploma Courses we look forward to start the Degree Programs in the near future. Insha’Allah!

Sheikh Shabbir Maisami pointed out the challenge of Crypto Currency as Islamic Scholars are still confused as what it is and how to deal with it. He added that if we sit back and see what the West is trying to do and going to do then again we will be the losers. Why not some of us come out and discuss how to go ahead with a very new concept of Currency as Alhamdolillah we have many great Islamic Scholars, Mufti Hazrat & Professional bankers.

MEMORANDUM OF UNDERSTANDING (MoU)

Al-Sadiq (a.s) Institute signed a Memorandum of understanding (MoU) with Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain

By this MOU, Al-Sadiq (a.s) Institute will act as an Training Partner with AAOIFI for it’s fellowship programs. This partnership will provide our students with an exclusive opportunity to benefit a Special Discount on the AAOIFI fellowship programs. The purpose of this collaboration is to enhance and advance the Islamic Finance industry by promoting professional development opportunities for practitioners.

Al-Sadiq (a.s) Institute signed a Memorandum of understanding (MoU) with Cambridge Institute of Islamic Finance, United Kingdom

Both institutions are renowned for their commitment to excellence in promoting Islamic finance principles and practices worldwide. Researchers and scholars from both institutions could come together to conduct in-depth studies and analyses on various aspects of Islamic finance, leading to the creation of new knowledge and the potential for groundbreaking advancements in the field.

Al-Sadiq (a.s) Institute of Islamic Banking, Finance and Takaful has signed a Memorandum of understanding (MoU) with the Iranian Association of Islamic Finance (IAIF)

By this MoU, Al-Sadiq (a.s) Institute and the IAIF agreed to hold joint Islamic finance programs, courses, webinars and workshops for the capacity building in the field of Islamic finance. Both the institutes agreed in conducting joint research projects and studies related to Islamic Economics and Finance. The purpose of this collaboration is to enhance and advance the Islamic Economics System by promoting professional development opportunities for practitioners.

Al-Sadiq (a.s) Institute of Islamic Banking, Finance and Takaful has signed a Memorandum of understanding (MoU) with the Iranian Insurance Research Center (IRC)

By this MoU, Al-Sadiq (a.s) Institute and the IRC agreed to hold joint Takaful programs, courses, webinars and workshops for the capacity building in the field of Islamic Economics. Both the institutes agreed in conducting joint research projects and studies related to Takaful.