Session on Islamic Finance conducted by Center of Excellence in Islamic Finance, IBA in collaboration with IRTI


An awareness session on Islamic Finance was conducted on 8th October 2015 in the City Campus. The session was conducted by Center of Excellence in Islamic Finance (CEIF), IBA in collaboration with Islamic Research and Training Institute (IRTI) and was attended by the students of BSc Economics, MSc Economics, MBA, PHD Economics and faculty members. The session was led by three prominent international names in Islamic Finance, Dr. Osman Babiker Ahmed, Dr. Ousmane Seck, Mr. Hatim El Tahir and moderated by Mr. Ahmed Ali Siddiqui (Head of Product Development and Shariah Compliance, Meezan Bank).

Centre of Excellence in Islamic Finance (CEIF) which won the competitive award under a challenge competition organized by State Bank of Pakistan (SBP) and is being financed under a program by DIFD has commenced operations from October 1st, 2015 at IBA. This Center of Excellence in Islamic Finance (CEIF) has been set up to impart knowledge and increase awareness regarding the scope and development of Islamic Finance through conferences, seminars and class room sessions. It also aims to conduct research along with international stakeholders and industry for to reach to practical solutions to different issues faced by this sector.

The Islamic Research and Training Institute (IRTI) is an affiliate of the Islamic Development Bank Group responsible for leading the development and sustenance of a dynamic and comprehensive Islamic Financial Services Industry that supports socio-economic development in Member countries.

About the speakers
Dr. Ousman Babiker is working as a Training Manager at Islamic Research and training Institute (IRTI) and has provided trainings on various international forums. He holds a PHD in Economics from UK and has a vast experience in investment and research.

Dr. Ousmane Seck is working as a Senior Economist in the Research Division at Islamic Research and training Institute (IRTI). Prior to joining IRTI, he taught at University of Texas at El Paso and California State University. His work has been published in many journals including Journal of Applied Econometrics, Economics Bulletin etc. He holds a PHD in Economics from the University of Kansas.

Mr. Hatim El Tahir is working as Director, Islamic Finance Group, Deloitte & Touche in Middle East. He was previously working in the Dubai International Financial Center as a Training Manager. He has been actively involved with Islamic research, projects and publications for the last many years. His work has been published renounced publications in the Middle East and has also written books on Islamic Finance. Mr. Hatim holds a PHD from UK.

About the session
The session commenced with the introduction of the concepts of Islamic Economics and Finance. The distinguished speakers highlighted the growth in this sector in the last 40 years and the potential for the young students in this field. They discussed avenues of conducting research, writing case studies and pursuing higher education in Islamic Finance. It was an interactive session and the passionate students cleared their confusions by putting forward their queries in front of the panel. The main focus of the discussion was the comparison of conventional financial approaches with the Islamic Finance approaches and its applicability in the world today.