State Bank of Pakistan (SBP)

Faculty Block, Office No. 125, M. A. Jinnah Building, Defence Road, Off Raiwind Road, Lahore, Ph: +92 (42) 111001007 Exts: 196 & 125

URL: http://cif.ciitlahore.edu.pk/ email: [email protected]

Event Report

“Capacity Building Training Workshop on Islamic Finance”

at

COMSATS Institute of Information Technology (CIIT) Wah Campus

in collaboration with

State Bank of Pakistan (SBP)

August 16-17, 2017



Registration of Participants

Registered participants from various banks and madrassahs started arriving at given time. Members of

organizing committee confirmed their registration at registration desk.

Opening Ceremony

The opening ceremony started with the recitation of Al-Quran. Mir Abdur Rafeh, student of BBA

recited few verses from Al-Quran. Dr. Majid Jamal Khan, Assistant Professor/Member CIF hosted the

program and gave the audience an overview of SBP-CIF training workshop. Dr. Abdus Sattar Abbasi,

Head of CIF and Managing Editor CJIF welcomed all the participants and briefed about the activities

held at Center of Islamic Finance (CIF). He told the audience that CIF is serving the noble cause of

promoting research, training & development, Shariah advisory and extensive outreach in the area of

Islamic finance. Dr. Abbasi also informed about COMSATS Journal of Islamic Finance (CJIF) to the

audience.

Prof. Dr. Munir Akhtar, CIIT Wah Campus was the chief guest of the ceremony. He appreciated the

efforts of CIF team in organizing this workshop. He also paid special thanks to State Bank of Pakistan

(SBP) in cooperating and facilitating the event. He said that CIF has opened new avenues for the

promotion of Islamic finance in the Country and emphasized to arrange such types of events in future.



A large number of Shariah scholars and bankers were invited to participate in this training workshop.

Mr. Qazi Abdul Samad, Shariah Advisor, Bank of Khyber (SBP Trainer) gave an overview of various

modes of Islamic Banking and Finance and anticipated to have fruitful sessions during the two days of

training workshop. Mr. Karim Alam, Joint Director, State Bank of Pakistan also attended the

workshop.

Training Session Modules

Mr. Qazi Abdul Samad, Shariah Advisor, Bank of Khyber (SBP Trainer) consecutively conducted all

training sessions and briefed about various modes of Islamic Banking and Finance according to the

following contents of modules:

Module I - Prohibitions in Islamic finance (Riba & its Types, Gharar, Qimar etc.), Islamic Law of

Contracts, Sale & its types, Concept and types of Khiyars (Options)

Module II - Islamic Modes of Financing – Murabaha & Ijarah

Module III - Islamic Modes of Financing – Salam & Istisna

Module IV - Islamic Modes of Financing – Mudaraba & Musharaka

Module V - Diminishing Musharaka; Intermediation modes and Sub modes – Wakala, Kafala,

Assignment of Debt (Hawala), Sale of Debt etc.



Workshop Program

SBP-CIF Training Workshop Program

Day 1: Wednesday – August 16, 2017

09:00 AM Confirmation of Participants’ Registration (Registration Desk)

09:30 AM Opening Ceremony

09:40 AM Recitation from Al-Quran

09:45 AM Welcome Address

Dr. Abdus Sattar Abbasi, Head CIF & Managing Editor CJIF, CIIT Lahore

10:00 AM Address by the Chief Guest

Prof. Dr. Munir Akhtar, CIIT Wah Campus

10:15 AM Overview of Training Workshop

10:25 AM Refreshment/Tea Break & Group Photograph

10:45 AM Address by SBP Trainer

Mr. Qazi Abdul Samad, RSBM – The Bank of Khyber

0.11:00 AM Training Session – Module I

Prohibitions in Islamic finance (Riba & its Types, Gharar, Qimar etc.)

Islamic Law of Contracts, Sale & its types, Concept & types of Khiyars (Options)

01:30 PM Lunch and Prayer Break

02:30 PM Training Session – Module II

Islamic Modes of Financing – Murabaha & Ijarah

04:00 PM Refreshment/Tea Break & Group Photograph

04:30 PM Closing – Day 1

Day 2: Thursday – August 17, 2017

09:00 AM Workshop Opening – Day 2

09:15 AM Overview of Day 1 training sessions (Module I – II)

09:30 AM Training Session – Module III

Islamic Modes of Financing – Salam & Istisna

11:10 AM Refreshment/Tea Break

11:20 AM Training Session – Module IV

Islamic Modes of Financing – Mudaraba & Musharaka

01:15 PM Lunch and Prayer Break

02:15 PM Training Session – Module V

Diminishing Musharaka

Intermediation modes and Sub modes – Wakala, Kafala, Assignment of Debt

(Hawala), Sale of Debt etc.

03:45 PM Closing Ceremony

03:50 PM Recitation from Al-Quran

03:55 PM Address by the Chief Guest

Prof. Dr. Munir Akhtar, CIIT Wah Campus

04:05 PM Vote of Thanks/Closing Address

Dr. Abdus Sattar Abbasi, Head CIF & Managing Editor CJIF, CIIT Lahore 04:10 PM Distribution of Awards & Certificates

04:30 PM Refreshment/Tea Break & Group Photograph



Glimpses of Training Sessions (August 16-17, 2017)



Closing Ceremony

After the successful completion of all training sessions, the closing ceremony was held on the second

day of workshop in the afternoon. The program started with the recitation of Al-Quran. Dr. Majid

Jamal Khan presented the vote of thanks by appreciating the efforts of each and every individual who

contributed to make this event successful. He also gave the audience a detailed review of two-days

training sessions and paid special thanks to Mr. Qazi Abdus Samad for his kind appearance in order to

conduct all sessions successfully. He further appreciated the State Bank of Pakistan (SBP) in

sponsoring and facilitating this workshop.

Prof. Dr. Munir Akhtar, CIIT Wah Campus was the chief guest of the closing ceremony. He paid

special thanks to all shariah scholars and bankers in participating this workshop. He further

appreciated the efforts of Department of Management Sciences and whole CIF team and heartedly

congratulate them in successfully organizing this training workshop. At the end of the ceremony,

certificates were awarded to all participants of the workshop. The chief guest also presented the

shields to SBP Trainer as well as SBP correspondent.





Imbursement to the Caterer According to Attached Approval (Annexure-II)

MAIZBAN foods and catering service was the caterer and provided lunch, morning & evening teas

for the two consecutive days according to the attached bills (Annexure-II). We at CIF are grateful to

the Islamic Banking Department of State Bank of Pakistan for their facilitation and sponsorship to

conduct this significant training workshop at CIIT Wah Campus.

Now we are looking forward for same kind of productive training workshop at CIIT Islamabad

Campus in October 2017 (In Sha ALLAH).

Organizing Committee of CIF Workshop at CIIT Wah Campus

List of Faculty Organizers

1. Dr. Abdus Sattar Abbasi Head CIF/Managing Editor CJIF

2. Dr. Majid Jamal Khan Assistant Professor Member CIF

3. Dr. Khurram Shafi Assistant Professor Member CIF

4. Mr. Ayaz Ahmad Assistant Professor Member CIF

5. Mr. Mohsin Zahid Assistant Professor Member CIF

6. Ms. Farah Riaz Lecturer Focal Person CIF

7. Ms. Naima Saleem Lecturer Member CIF

8. Mr. Shahab ud Din Lecturer Member CIF

9. Mr. Sharifullah Jan Lecturer Member CIF

10. Syed Sikandar Wali Lecturer Member CIF



List of Student Organizers

1. Mariyam Qadir 8. Muhammad Wasif

2. Muqaddas Khan 9. Hafiz Muhammad Umar

3. Maria Ahmad 10. Mir Abdur Rafeh

4. Rameen Nadeem 11. Jameel Khan

5. Rabia Sharif 12. Daniual Bin Zafar

6. Qurat-ul-Ain 13. Waqar Hussain

7. Samina 14. Saad Alam Khokhar



Annexure I

Registered Participants for SBP-CIIT Capacity Building Training Workshop on Islamic Finance

Sr. No. Name of Participant Qualification Designation

Name of Bank/Mudrassah Contact No. Email

1 Mr. Jawad Rafique MBA Branch Manager Meezan Bank - Wah Cantt 0305-5555035

[email protected]

2 Mr. Muhammad Umer

Farooq

MBA Branch Manager Meezan Bank - Hassanabdal 0346-8200543

[email protected]

3 Mr. Syed Tahir Hussain

MA-Economics Branch Manager Meezan Bank - Taxila Branch 0334-5279747

[email protected]

4 Mr. Mohibullah Shinwari BBA-Honors Branch Manager Meezan Bank B-17 Branch 03329630903

[email protected]

5 Ch. Naseer Ahmad

B.Com Area Coordinator Meezan Bank - Rwp-II 0306-5047812

[email protected]

6 Mr. Mehmood Ur

Raheem

M.Com Manager Operations Meezan Bank Wah Cantt 051-4530541

0331-5057331

Nil

7 Mr. Muhammad Shoaib MBA BDO Al Baraka Bank (Pakistan) Limited Wah

Cantt branch

051 4540859

Nil

8 Mr. Tahir Mehmood

M.Com,

DAIBP

VP/ Branch Manage Al Baraka Bank (Pakistan) Limited Wah

Cantt branch

051 4540859

0333-5454573

[email protected]

9 Mr. Zeshan Bashir

Farooqi

MBA Bank Officer Al Baraka Bank (Pakistan) Limited Wah

Cantt branch

051 4540859

Nil

10 Mr. Muhammad Shahid M.Com,

DAIBP

Vice President

NBP FEDC Islamabad Region 0300 8268067 [email protected]

11 Mr. Shahzad Ahmad MBA, DAIBP Vice President NBP FEDC Islamabad Region 0336 7278877 [email protected]

12 Mr. Zahid Younis BBA Hons.

(Finance)

Service Quality

Officer

Bank Islami – Wah Cantt 0346-5929143 [email protected]

13 Mr. Farooq Babar

ACMA Branch Manager HBL Nawababad Wah Cantt 05144534019

14 Mr. Usman Ghani

MBA Branch Manager Samba Bank Ltd – Wah Cantt 0321-5188474 [email protected]

15 Mr. Bilal Khan M.COM PB ( Personal banker

)

Samba Bank Ltd - Wah Cantt 0313-5178007 [email protected]

16 Mr. Shehryar Ahmad

M.COM Relationship Officer United Bank Ltd - Wah Cantt 0322-9294419 [email protected]

17 Ch. Anwar ul Haq MBA (Mrk) Branch Manager Askari bank Ltd Wah Cantt 051-4533563

0335-5053053

[email protected]

18 Mr. Zeeshan Qutab MBA Sub Branch Incharge Askari Bank Ltd Wah Cantt

051-4533563 [email protected]

19 Mr. Malik Imran BSc Manager Operations Sindh Bank Ltd, Ghori Town, Phase IV,

Rawalpindi

0301-5459001

[email protected]

mailto:[email protected]

















20 Malik Waqar Azeem MBA Operations Manager United Bank Limited G.T Road Tarnol


21 Mr. Muhammad Haroon

MBA GBO IBB, Bank of Khyber, Taxila 0300-5797008 [email protected]

22 Mr. Muhammad

Mubashir

MBA Branch Manager Askari (Islamic) bank Ltd Wah Cantt 0514-511782 [email protected]

23 Mr. Adnan Shafique MBA BDO Bank Alfalah Limited – Wah Cantt

Branch

0333-0939684 Nil

24 Mr. Ali Zafar

MBA Branch Manager Sindh Bank Ltd Wah Cantt 0300-5153227 Nil

25 Mr. Khan Muhammad

Sulemankhail

BBA Branch Manager Al Baraka Bank (Pakistan) Limited -

Tarnol

051 4540859

[email protected]

26 Mr. Abdullah Khan BBA BSO Al Baraka Bank (Pakistan) Limited -

Tarnol

051 4540859

Nil

27 Mr. Imad kasir MBA(B&F) Deputy Director

/ACM

SBP-BSC RWP 0300-9352889 [email protected]

28 Dr. Muhammad Yar Khan

PhD Finance Assistant Professor CIIT Wah 0333-8575478 [email protected]

29 Dr. Ashfaq Ahmed

PhD Assistant Professor CIIT Wah 051-9314382 Nil

30 Mr. Khalid Ibrahim

MS Lecturer CIIT Wah 051-9314382 Nil

31 Raja Zohaib Ghaffor

MS RA CIIT Wah 0333-5935771 Nil

32 Mr. Bilal Khan

MBA Lecturer SZABIST Islamabad 0304-7736885 [email protected]

33 Mr. Ruqaiya Zubair

MS(ISL) Lecturer HITEC University Taxila 0333-5672585 [email protected]

34 Mr. Shafqat Maqbool

MS(ISL) Lecturer HITEC University Taxila 0333-5367352 [email protected]

35 Mr. Shuja-ul-haq

M.COM FBL Abbottabad 0321-2079073 [email protected]

36 Mr. Salman Shabir

LLB Advocate Nil 0300-5273798 [email protected]

37 Mr. Saad Murtaza

MS( finance) Executive HMC Taxila Nil Nil

38 Mr. M. Saeed Babar FCMA

MSC(fin)

Finance Manager Al-Huda, The Mall Wah Cantt. 0300-8646002 [email protected]

39 Bibi Sakina Darse Nizami Muallimah Dar-ul-Quraan Islamic Institute, Kalapul

Abbottabad

03212079073 Nil

40 Miss Saima Riffat Dars-e-Nizami,

MSc Chemistry

Director/Muallima Al-Huda, B-5 The Mall, Wah Cantt. 0321-8511567 [email protected]

41 Miss Tasneem Arifa Dars-e-Nizami,

M.A Islamiyat

Director/Muallima Bab-ul-Ilm, H-01, St 3, G12/1 Islamabad. 0332-5021011 [email protected]

















42 Miss Shama M.A Muallima

Bab-ul-Ilm, H-01, St 3, G12/1 Islamabad. 0332-5021011 [email protected]

43 Miss Sara Farooq Bachelors Muallima


44 Anam Saeed Bachelors Muallima


45 Miss Shehla M.A Islamiyat Coordinator &

Muallima

Al-Huda, F-83 Officer Colony Wah

Cantt.

051-454317 Nil

46 Miss Nishat Anjum Bachelors Muallima/ Finance

Manager

Al-Huda, The Mall Wah Cantt. 0347-0052155 [email protected]

47 Mufti Atta-ul-Muhsin Mufti Mufti Jamia Taleem ul Quraan, Laiq Ali Chowk

Wah Cantt.


48 Mufti Khalil-ur-Rahman Mufti Mufti Jamia Ashaat ul Islam, Mohra Chowk

Wah Cantt

03445885097 Nil

49 Mr. Muhammad Shoaib Fazil Wafaq –

ul-Madaris

Theology Teacher BASE College, Near Barrier 3, G.T Road

Wah


50 Mufti Abdul Samad Mufti Mufti, Muallim Jamia Taleem –ul- Quraan, Laiq Ali

Chowk, Wah Cantt.

0302-5184494 Nil

51 Mufti Abu Zed Mufti Khateeb-Imaam

Masjid

Jamia Masjid Ahl-e-Hadeeth Usama,

Gulistan Colony Wah Cantt.

0333-1696277 Nil

52 Mr. Ameer Muhammad Dars-e-Nizami Muallim Jamia Rumooz-ul-Quraan, Dhok Kokara

near New Kashmir Colony, Wah

0344-9191530 Nil

53 Mr. Muhammad Afzal Dars-e-Nizami Muallim Jamia Rumooz-ul-Quraan, Dhok Kokara


0306-5131331 Nil

54 Mr. Muhammad Jamil Dars-e-Nizami Muallim Jamia Rumooz-ul-Quraan, Dhok Kokara


0321-5577217 Nil

55 Mr. Abdur Rahman Dars-e-Nizami Muallim Jamia Rumooz-ul-Quraan, Street -7 Near

Askari Cement Colony, Wah

0321-9968610 Nil

56 Mr. Muhammad Shafeeq Dars-e-Nizami Muallim Jamia Rumooz-ul-Quraan, Street -7 Near

Askari Cement Colony, Wah


57 Mr. Muhammad Nauman MS- Islamic

Studies

Naib Muhtamim Jamia Muhammadiya, Askari Cement

Colony Wah

0333-5090631 Nil

58 Mr. Zahoor Ahmad Dars e Nizami Muallim HITEC University Taxila


59 Mr. Muhammad Shareen MS-Islamic

Studies

Student (MS- In

Progress)

HITEC University Taxila 03461-

3181772

Nil

60 Mr. Rafiullah PhD Islamiyat

(In progress)

Scholar HITEC University Taxila 0300-5853032 [email protected]

61 Mr. Muhammad Awais M.Phil Islamic

Studies

Scholar (M.Phil in

Progress)

HITEC University Taxila 0349-9314575 Nil

62 Mr. Muhammad Farooq

Akram

M.Phil Islamic

Studies

Scholar (M.Phil in

Progress)

HITEC University Taxila 0333-7478507 [email protected]

om

63 Mr. Babar Shehzad M.S Imam Masjid HITEC University Taxila
















64 Mr. Abd-ur-Rab M.S Islamiyat

Student

M.S Student HITEC University Taxila 0300-5361430 [email protected]

65 Mr. Sadar Shah Dars e Nizami Muallim Jamia Muhammadiya, A.C Colony Wah

0315-9248588 Nil

66 Raja Muhammad Tayyab

Bhatti

Mufti, MS

Islamic Std.

Muallim Jamia Muhammadiya, A.C Colony Wah

0321-2192179 Nil

67 Mufti Danish Ali Mufti/MS

Islamic Studies

Muallim Jamia Muhammadiya, A.C Colony Wah

0312-5158504 Nil

68 Mufti Muhammad Qasim Mufti Muallim Jamia Arabia Tadrees ul Quraan, Markazi

Jamia Masjid, Lala-Rukh Wah Cantt

Nil

69 Mufti Javed –ur-Rahman

Bangash

Mufti Muallim/Muhtamim Jamia Arabia Tadrees ul Quraan, Markazi


0313-5555524 Nil

70 Mufti Muhammad Saeed Mufti Muallim/Mufti of the

Jamia

Jamia Arabia Tadrees ul Quraan, Markazi


0301-5931388 Nil

71 Mufti Majid Saleem Mufti Muallim Jamia Arabia Tadrees ul Quraan, Markazi



72 Mufti Muhammad Umar Mufti Muallim Dar-ul-uloom Ta’leemul Islam, Jinnah

Road Lalazar, Wah Cantt.


73 Syed Qasim Ali

MS Teacher/Muallam HITEC UniversityTaxila 0314-4622595 Nil

74 Mr. Irfan Sagheer

MS Teacher/Muallam HITEC UniversityTaxila 0333-5593153 [email protected]

75 Mufti Khalid Hussain Mufti Muallim Dar-ul-uloom Ta’leemul Islam, Jinnah

Road Lalazar, Wah Cantt.

0322-5135760 Nil

76 Mr. Saad Murtaza M.A Finance Manager HMC-Taxila, E-5/10, HMC Taxila


77 Mr. Shafqat Mehmood M.A Muallim Tehreek-e-Mehnat, Masjid Near New

City Phase-I Wah

Nil Nil

78 Mr. Sadar Shah

M.A Muallim Muhammadia, AC WAH 0315-9248588 Nil

79 Mufti Khalid-ul-rehman Mufti Mufti Jamiah Taleem ul Quran Wah Cantt Nil Nil

80 Mr. Tahir Ashraf

LLB Shariah

MS

Lecturer IIU Islamabad 0333-5512135 [email protected]

81 Mr. Rao Muhammad

Nadeem

Dars e Nizami Imam e Masjid Ali-ul-Murtaza, Lalazar Wah Cantt 0321-5560463 Nil

82 Mr. Abdul Ghaffar Dars-e-Nizami Muallim Jamia Muhammadiya, Askari Cement

Colony Wah

0342-9425399 Nil

83 Mr. Gohar Rahman Dars-e-Nizami Muallim Jamia Muhammadiya, Askari Cement

Colony Wah

Nil Nil

84 Mr. Muhammad Shoaib

Siddiqui

MS Muallim Jamiah Taleem ul Quran Wah Cantt Nil Nil

85 Mr. Muhammad Khurram MS Muallim Jamiah Taleem ul Quran Wah Cantt 03015288089 Nil







Documents

State Bank of Pakistan (SBP)