New Horizons in Islamic Banking Dawn over Pakistan

AMID the inspirational support of the Higher Education Commission (HEC), Government of Pakistan, instrumental program guidance of IoBM’s Mr. Talib Karim, President, managerial excellence standards set by Ms. Sabina Mohsin, Executive Director, AAF, presence of top-of-the-line international experts and national and local luminaries, it was a model of an International Conference on Islamic Banking and Finance (ICIBF-2018) with the theme of Attaining Macroeconomic Objectives of Price Stability, Unemployment Reduction and Economic Growth through 1st TIER Products of Islamic Banking and Finance and Moving Forward towards Establishing Islamic Trading Houses.

This conference is considered a model, says IoBM Public Affairs Section, in view of its pragmatism in “Socioeconomic Contribution of the Existing Products of Murabaha, Ijarah and Diminishing Musharakah of the Islamic Banking Industry”, “Opportunities and Challenges in Issuing Musharakah and Mudarabah Sukuk from Legal and Market Perspective, “Musharakah and Mudarabah Sukuk-Primary and Secondary Market Guidelines”, “Moving forward from Islamic Banking to Islamic Trading House (Opportunities and Threats)”, “Principles, Product/Operational Mechanism and Marketing Strategies of Islamic Micro and Rural finance based on Musharakah and Mudarabah” and Collaborative Research.

Invited at the inaugural session for Event Flow: Prof. Dr. Syed Irfan Hyder, Dean CBM-IoBM; Welcome Address: Mr. Talib S. Karim, President, IoBM; Mr. Javed Memon, Regional Director, HEC; Keynote Speech: Dr. Yahia Abdul Rahman, LARIBA Bank of Whittier USA; Session Chair: Mr. Bashir Janmuhammad, Chancellor, IoBM and Chief Guest: Mr. Tariq M. Bajwa, Governor State Bank of Pakistan. International invitees included Dr M. Eskandar Shah, Dean School of Graduate Studies, INCEIF, Malaysia, Dr Dawood Ashraf, IDB, KSA, Dr Mehboob-ul Hasan, King Saud University, Riyadh, KSA, Prof. Dr M. Kabir Hassan, Department of Economics and Finance, University of New Orleans, USA.

Industry leaders invited were Mr. Ghulam M. Abbasi, Director, Islamic Banking, State Bank of Pakistan, Mr. Irfan Siddiqui, CEO, Meezan Bank Ltd., Dr. Zaheer Anwer, Director, University of Lahore, Dr. Ashfaq Ahmad, Head of Noon Business School, University of Sargodha, Mr. Ahmed Ali Siddiqui, SEVP, PDSC, MBL, Mr. Muhammad Faisal Shaikh, Head, Islamic Banking, Faysal Bank Limited, Mr. M. Farhan Ul Haq Usmani, EVP and Head of Shariah Audit, Meezan Bank Limited and Mr. Zubair Haider Shaikh, Head of Corporate Banking, DIB Pakistan Ltd. Academicians invited were Muhammad Ayub, Director of Research and Training, RCB, Dr Abdus Sattar Abbasi, Head, Center of Islamic Finance, CIIT.

Invited indeed were Dr Rukhsana Kalim, Dean, Center of Islamic Banking, UMT, Lahore, Dr Abdul Rashid, HoD, Islamic Banking and Finance, IIUI, Dr Karim Ullah, Coordinator CIEF IM, Sciences Peshawar and Dr Zeeshan Ahmed, Rector and Dean, KSBL. Shariah Scholars invited at the ICIBF 2018 were Mufti Ehsan Waqar, Chairman Shariah Board, IBG-NBP, Dr Mufti Zubair A. Usman, Member Shariah Board-SBP and MCB Arif Habib Savings, Mufti Muhammad Najeeb, RSBM, Summit Bank Ltd.,, Dr Khalil Ahmed Azmi, Shariah Advisor, Bank Alfalah Islamic Banking, Mufti Irshad Ahmad Aijaz, Chairman, Shariah Board, Bank Islami Pakistan Ltd. and Mufti Hassan Kaleem, Resident Member DIBPL, Shariah Board.

International Conference on Islamic Banking and Finance (ICIBF) 2018 was organized by the Accounting and Finance Department, Institute of Business Management, amid the supervision of Accounting and Finance Department’s Tazeen Arsalan, HoD, Dr Imam Uddin, Assistant Professor and Convener ICIBF 2018 and Muhammad Arsalan, Assistant Professor. It was organized and coordinated through teamwork with The Entrepreneurship and Management Excellence Center (EMEC), IoBM managed by Dr Samra Javed and her committed team.

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