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Institute Profile
We are a Non-Profit organization established in 2007 to create awareness among 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 Skill Development Council (Constituted by Government of Pakistan) in the year 2016. We are also proud to be one of the partner Institutes of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) – Bahrain Cambridge Institute of Islamic Finance – United Kingdom, Minhaj University Lahore – Pakistan, Iranian Association of Islamic Finance (IAIF), Iran and Iranian Insurance Research Center (IRC), Iran which combined with our training experience of more than a decade gives us an edge over the others in Islamic finance academia. All our courses are registered with SDC and the said authorities conduct computer based exams and issue transcript / certificate 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 programs on Islamic Banking, Finance and Takaful at 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
- Conducting short courses and Diploma in Islamic Banking, Finance and Takaful.
- Career counselling and provision of jobs for skilled/educated individuals.
- Seminars, Workshops, Focus Groups etc. on Islamic Banking, Finance and Takaful.
Our Value
Empowering Minds, Shaping Futures
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Vision
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Mission
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Message
CHAIRMAN’S MESSAGE
Islamic Banking is in its growing stage, but the ethical part of it is still in a 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 wherever 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 starting 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 to 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.
Team
MANAGEMENT COMMITTEE PROFILES
Sheikh Shabbir Hassan Maisami, Founder and Chairman
- Sheikh Shabbir Hassan Maisami currently holds the esteemed position of Member Focus Group, Pakistan Stock Exchange and Member, Shari’ah Board at Salaam Takaful Limited.
- Moreover, He is Ex-Member, Shariah Advisory Committee at State Bank of Pakistan (SBP) & Ex-Member of Shariah Advisory Committee at the Securities and Exchange Commission of Pakistan (SECP) and Ex-Member on the Board of Governors of the Pakistan Halal Authority (PHA).
- He is Chairman Zahra (S.A.) Academy and currently, he is leading 11 different projects for the welfare and upbringing of the society.
Zulfiqar Ali, Senior Member, Management Committee
- He is one of the founder members of the Institute.
- Zulfiqar is working at a Top Tier Bank.
- Carrying rich experience of more than 26 years in the banking industry.
- He has done his MBA in Banking, Finance & Masters in Economics and he is also holding a Diploma from the Institute of Bankers Pakistan.
Molana Syed Mazhar Abbas Zaidi
- Mazhar is serving as Shariah Board Member at Markaz-u-Istifta Al-Imamia Pakistan and Huqooqe Shariah wa Markaze Ifta (Zahra s.a Academy).
- He is also Certified Shariah Advisor and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA) from AAOIFI, Bahrain.
Jawaid Iqbal, Senior Member, Management Committee
- He is also one of the founder members of the Institute.
- Jawaid is the Head of Enterprise Risk in a global Islamic Bank.
- He is an experienced professional with more than 22 years of experience in the Banking Industry, having specializations in Basel II, IFRS 9, Credit Risk Analytics, Treasury Operations, and Regulatory Compliance and Internal audit.
- He has done his MBA in Banking and Finance.
Abbas Raza, Honorary Secretary
- Raza is one of the key players at the Institute, serving as the Head of Trade Business at Top Tier Bank. He brings over 20 years of experience in the banking industry, with a strong focus on Trade and Finance.
- In addition to his banking career, Mr. Raza is affiliated with various institutes and universities as faculty and regularly delivers lectures on different forums. He is also a consistent contributor to Islamic Finance News (IFN), Malaysia.
- Raza holds multiple distinguished certifications, including being a Certified Shariah Advisor and Auditor (AAOIFI) and a Chartered Banker (CIBS). He has also completed his EMBA in Accounting & Finance.
Jawad Hussain, Senior Member, Management Committee
- He is Head of Shari’ah Compliance Department at Top Tier Bank.
- He has 15 years of Islamic Banking Experience in Corporate credit, Credit Operations, Branch Banking, Product Development, Training and Shari’ah Compliance.
- He has done his MBA in Finance & Masters in Arabic and Islamic studies.
Ali Abid, Member, Management Committee
- Ali is working with a Top Tier Bank.
- He has rich experience in Credit Documentation, Staff Loans, Vendor Management, Pool Management, Collateral Management, Regulatory Compliance initiatives throughout multiple functions etc.
- He has done his MBA in Finance and was also affiliated with Institute of Cost Management Accountants Pakistan.
Madiha Rubab, Member, Management Committee
- Madiha is a banker by profession.
- She is a Chartered Accountant (CA) with an MBA, LLB, and LLM having vast experience in Regulatory Affairs, financial analysis, business strategy, and corporate law.
Shamshad Ali, Member, Management Committee
- Shamshad Ali is currently doing his Ph.D in Islamic Taxation & Economics from Karachi University.
- He holds an M.A. degree in Economics.
- He has done his Diploma in Islamic Banking & Economics from C.I.E. Dar-ul-Uloom.
- He has been teaching Islamic Studies for 8 years as a permanent faculty member at a Govt. College.
Zeeshan Aly, Member, Management Committee
- He is lead Management Consultant at Shanz Consulting Group.
- He is one of the youngest and enthusiastic business consultants of Karachi who started career from Namdar & Co. Chartered Accountants and has a track record in Management Consulting.
- He is an ACCA and also holds a Diploma in Advanced Professional Development that is focused at Tax law by Karachi Tax Bar Association.
Mohsin Abbas - Program Manager
- Mohsin has played a vital role in the progress of the Institute.
- He is a Corporate Portfolio Manager at a leading Islamic Bank.
- He is an ACCA with a Diploma in Islamic Banking and Finance with 9 years of industry experience.
- Mohsin has also completed his B.Sc in applied accounting from Oxford Brookes University UK.