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Recognition
IBA Faculty Appointed as Chairperson of Islamic Capital Market Development Committee, SECP
Dr. Irum Saba, Associate Professor, School of Business Studies, IBA has been appointed as the Chairperson of the Islamic Capital Market Development Committee (ICMDC) at the Securities and Exchange Commission of Pakistan (SECP).
We congratulate Dr. Irum Saba on this outstanding achievement and wish her continued success in her future endeavors.
Recognition
IBA faculty receives WOMANi Influencer 2023 Award
Dr. Irum Saba, Associate Professor and Program Director, MS Islamic Banking and Finance, School of Business Studies, IBA has received 'WOMANi Influencer 2023 Award' and has also been recognized as one of the 'Most Influential Women in Islamic Business and Finance' by Cambridge IFA WOMANi Programme.
We congratulate Dr. Irum Saba on this remarkable feat and wish her success in her future endeavors.
Global Participation
IBA faculty delivers a keynote address at the 2nd International Symposium on Insurance, Banking, and Finance
Dr. Irum Saba, Associate Professor and Program Director, MS Islamic Banking and Finance, School of Business Studies, IBA recently delivered a keynote address on ‘Islamic View on sustainability and Circularity’ at the 2nd International Symposium on Insurance, Banking, and Finance, held in Turkey.
The discussion revolved around the Islamic perspective on sustainability and circularity, Dr. Saba shared that these concepts are not new in Islam. She quoted the Holy Quran and teachings of the Prophet (Peace be upon Him) to explain how these teachings specify creating ease for every living thing in the universe. She also emphasized the importance of helping people, green economy, blue economy, circularity, and respecting everyone.
Recognition
IBA faculty honored as WOMANi Influencer for the year 2022
Dr. Irum Saba, Associate Professor and Program Director, MS Islamic Banking and Finance, School of Business Studies, IBA has been recognized as 'WOMANi Influencer for the year 2022' and has also been included in the global list of 'Most Influential Women in Islamic Business and Finance.'
At the distinguished WOMANi Rendezvous Karachi 2023, Dr. Saba was presented with her certificate by Dr. Humayon Dar, Chairman, Cambridge IFA WOMANi Programme, and Dr. Shamshad Akhtar, Chairperson, Pakistan Stock Exchange (PSX) Board, who was the Chief Guest for the event.
Furthermore, Dr. Saba serves as the Chairperson of the committee responsible for promoting Islamic Finance in the non-bank financial sector within the Securities and Exchange Commission of Pakistan (SECP).
We congratulate Dr. Irum Saba on achieving this extraordinary accomplishment and wish her success in her future endeavors.
Recognition
IBA faculty appointed as the Chairperson of the committee for 'Promoting Islamic Finance in Non-bank Financial Sector', SECP
Dr. Irum Saba, Associate Professor and Program Director, MS Islamic Banking and Finance, Department of Finance, School of Business Studies, IBA, has been appointed as the Chairperson of a new committee for promoting Islamic Finance in non-bank financial sector at the Securities and Exchange Commission of Pakistan (SECP).
Dr. Saba is the first and only female in Pakistan, who is registered and included in the SECP register of approved Shariah Advisors for the financial sector, becoming the first woman to ever be appointed as the Chairperson of the committee. She has served on boards of local and international reputed Islamic finance Institutions along with receiving numerous awards for her contributions in business and finance including ,'Most Influential Woman Award (No. 10) in Islamic Business and Finance' by Cambridge Islamic Finance, UK; 'WOMANi Pakistan Award', UAE; and 'Women in Islamic Finance Award', Maldives.
We congratulate Dr. Irum Saba on this remarkable feat and wish her good luck in her new role.
Recognition
IBA faculty appointed as the International Chapter representative of the Chartered Institute of Islamic Finance Professionals
The IBA Karachi is pleased to announce that Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, has now been appointed as the International Chapter representative of Chartered Institute of Islamic Finance Professionals (CIIF) for Pakistan. She will be leading the efforts to establish the Pakistan chapter in the country.
Recognition
IBA faculty becomes first Pakistani female to join iPORTAL
The IBA Karachi is pleased to announce that Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, has joined the iPORTAL advisory board. The appointment makes her the first Pakistani female to join this auspicious board. The advisory board comprises of well-known international advisors who have unmatched calibre in multiple fields (https://www.iportal.live/en/advisories).
iPORTAL is an Islamic economy knowledge portal with the vision to connect ambition to knowledge and propel innovation. The mission is to build and expand channels to Islamic economy with a value system marked by absolute integrity, pursuit of excellence and adherence to responsibilities.
Published Works
IBA faculty co-authors paper for noted Islamic finance journal
Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, IBA Karachi, has published a research paper titled Performance of Shari'ah-compliant and non-Shari'ah-compliant listed firms: a case study of Malaysia in the Emerald's International Journal of Islamic and Middle Eastern Finance and Management (IJIMEFM). The research paper is co-authored by Prof. Dr. Mohamed Ariff and Dr. Eskandar Shah, INCEIF, Malaysia.
IJIMEFM is abstracted and indexed by EBSCO, Web of Science Social Sciences Citation Index (SSCI) and ranked by the Australian Business Deans Council (ABDC) Journal Quality List, Category B, The Australian Research Council ERA Journal List as well.
To read her paper, CLICK HERE.
Recognition
IBA faculty re-appointed Grand Councillor of Chartered Institute of Islamic Finance Professionals
The IBA Karachi is pleased to announce the reappointment of Dr. Irum Saba, Program Director MS Islamic Banking and Finance, Assistant Professor, Department of Finance, as the Grand Councillor of the Chartered Institute of Islamic Finance Professionals (CIIF) during the 3rd Annual General Meeting held this year (https://ciif-global.org/web/ciif-grand-council/)
Dr. Irum Saba is the first Pakistani who joined this auspicious institution as the Grand Councillor.
About Chartered Institute of Islamic Finance (CIIF) Professionals, Malaysia:
The Chartered Institute of Islamic Finance Professionals (CIIF) was established in 2015 as a professional body for Islamic finance practitioners to support the capacity building agenda of the industry by setting professional standards to drive the next phase of Islamic finance human capital development.
In setting professional standards, the CIIF aims to support its members towards the continuous pursuit and development of cutting-edge knowledge in Islamic finance; upholding the highest levels of integrity in discharging their professional duties; and providing distinguished quality service in the execution of their professional duties.
Recognition
IBA faculty amongst the most influential women in Islamic business and finance
The IBA Karachi has immense pleasure in announcing that Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, has been ranked no. 17 out of top-300 women with influence in Islamic business and finance.
Her efforts have been recognized by the WOMANi Programme, comprising the WOMANi Report and WOMANi Awards – which was founded by Cambridge IFA in 2019.
Dr. Saba ranks among global Islamic business and finance professionals and this recognition comes after her hard work, dedication, professionalism perseverance and success over the last few years.
To read the full WOMANi Report 2020, CLICK HERE.
Recognition
IBA faculty awarded Literati Award 2020 by an internationally recognized Journal
The IBA Karachi is pleased to announce that Dr. Irum Saba, Program Director MS Islamic Banking and Finance, Assistant Professor, Department of Finance, has been awarded the Literati Award 2020 for her research paper published in the International Journal of Islamic and Middle Eastern Finance and Management. The paper was featured in the 'Highly Commended' category.
The research paper titled, "Can Shariah board characteristics influence risk-taking behavior of Islamic banks?" was co-authored with the efforts of Dr. Amal Alabbad (Department of Accounting, Iona College, New Rochelle, New York) and Prof. Dr. M. Kabir Hassan (Department of Economics and Finance, University of New Orleans, New Orleans, Louisiana).
Abstract:
The purpose of this paper is to study whether the characteristics of the Shariah Supervisory Board (SSB) can influence the risk-taking behaviors of Islamic banks. The data on governance were collected from 70 Islamic banks' annual reports across 18 countries for the period from 2000 to 2011 to investigate the relationship between SSB's characteristics including size, busyness and foreign board and the Islamic banks' risk activities.
The size of SSB and the proportion of busy board in SSB positively and significantly influence Islamic banks' asset return and insolvency risks. Foreign members are more effective in monitoring banks' Shariah compliance. Further analysis provides some evidence that most of the findings on the associations between the SSB structure and bank risk are derived from countries in the Gulf Cooperation Council where Shariah governance is ruled internally at the bank level.
For more information: https://www.emerald.com/insight/content/doi/10.1108/IMEFM-11-2018-0403/full/html
To view Dr. Irum Saba's profile, CLICK HERE
Dr. Irum Saba
Assistant Professor and Program Director MS Program-CEIF - Finance and CEIF
Dr. Irum Saba has recently been appointed as an Independent Director at Takaful Pakistan Limited and Al-Noor Modaraba Pakistan. This will be instrumental in strengthening the linkage between industry and IBA.
