Report: State Bank of ’s Capacity Building Workshop on Islamic Banking and Finance Especially Arranged For Islamic Scholars of All Schools of Thought Wednesday 24th April 2019 By Center of Islamic Finance COMSATS University , Sahiwal Campus

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COMSATS University Islamabad, Sahiwal Campus

COMSATS Road, Off National Highway, Sahiwal

بسم ہللا

In continuation of “Capacity Building Program” by Center of Islamic Finance in collaboration with State Bank of Pakistan (SBP), yet another workshop took place in CUI Sahiwal campus on Wednesday 24th April 2019. Venue was Room C4 of Block C in CUI Sahiwal. The Invitations The invitees of this workshop consisted on Ulema-e-karaam (Islamic Scholars) of various schools of thought from Sahiwal and surroundings. The invitations were sent to the ulema of following institutions: Institution School of Thought 1 Jamia Azizia, Sahiwal Gher-Muqallad/Ehl-e-Hadith 2 Jamia Rahimia, Sahiwal Gher-Muqallad/Ehl-e-Hadith 3 Mehd-al-Quran (Quran Institute) Okara Gher-Muqallad/Ehl-e-Hadith 4 Jamia Faridia Sahiwal Hanafi Fiqh () 5 Jamia Karmanwala, New Muslim Town 90/9-L Sahiwal Hanafi Fiqh (Barelvi) 6 Jamia Muhammadia Okara Hanafi Fiqh (Barelvi) 7 Jamia Muhammadia, Muhammad Pur Road, Sahiwal Hanafi Fiqh (Barelvi/Saifi) 8 Dar-ul-uloom Sahiwal, Madhali Road, Sahiwal Hanafi Fiqh () 9 Jamia Rasheedia, GT Road, Sahiwal Hanafi Fiqh (Deobandi) 10 Jamia Anwaar-ul-Uloom, Arifwala Road, Sahiwal Hanafi Fiqh (Deobandi) 11 Jamia Uloom-e-Sharaia, GT Road Sahiwal Hanafi Fiqh (Deobandi) 12 Jamia-tul-Hasan, Near Bilal Masjid, Farid Town Sahiwal Hanafi Fiqh (Deobandi) 13 Jamia Ashrafia, Near Jogi Chowk, Sahiwal Hanafi Fiqh (Deobandi) 14 Madrissa Sabeel-e-Rehmat, Morewala chowk, Sahiwal Hanafi Fiqh (Deobandi) 15 Jamia-tul-Nafees, Noorshah Sahiwal Hanafi Fiqh (Deobandi) 16 Imam Bargah Qasr-e-Batool, Jogi Chowk, Sahiwal Jaafri Fiqh (Ehl-Tashee) 17 Imam Bargah & Madrissa 94/6-R, Sahiwal Jaafri Fiqh (Ehl-Tashee)

Prominent madrissas of Sahiwal were visited by Mr Bilal Mian (Senior Program Officer CUI Sahiwal) for invitations in person, and ulema & senior students were invited.

The Workshop Day: On Wednesday the 24th April 2019, guests started reaching the venue around 8:30 am and the team of ushers guided them to their seats.

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Molana Bilal recited few verses from the Quran-e-Kareem and Mr Safdar Ali presented naat- shareef.

Focal Person (CIF) Mr Bilal Iqbal Mian welcomed everyone and introduced COMSATS, CUI and its Center of Islamic Finance.

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Head of Center of Islamic Finance, Prof. Dr. Abdus Sattar Abbasi highlighted the objectives of the workshop.

The trainer nominated by State Bank of Pakistan for this workshop was Mufti Syed Sabir Hussain, the Resident Shariha Board member, Head of Shariah Compliance MCB Islamic Bank.

Mufti Syed Sabir Hussain informed the participants about Islamic banking and the principles of Islamic economy. He said that due to uniformity in the apparent method of Islamic and commercial banking, it is generally considered that these two systems are the same, but there is a clear difference between the two systems.

He said that there is a clear and strict system for shariah compliance in the State Bank of Pakistan, under which it is ensured that Islamic banking should be kept separately from the conventional banking. He explained the various topics of Shariah including fiqh-e-muamlat, riba and various modes and products of Islamic Finance including. The session was interactive and a lot of questions were asked by the participants that were answered by the trainer.

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Tea and Lunch were served to the participants. Chief guest was Dr Zahiruddin Shaikh of CUI Sahiwal.

Focal

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Persons (CIF) Dr. Qamar Zaman Malik and Mr Bilal Iqbal Mian and deputy registrar CUI Sahiwal Mr Safdar Ali also attended. All participants were awarded certificates from CIF, CUI on completion of the training workshop.

Prof. Dr. Abdus Satar Abbasi and Dr. Zahiruddin Sheikh presented campus shield to guest speaker/trainer Mufti Syed Sabir Hussain and distributed certificates from CIF & SBP at the completion of workshop.

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Souvenir gift hampers were presented to worthy ulema e-karaam.

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Attendance of participants:

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Feedback of participants:

ومجمیع اترث

رتہبی یک رضورت درایمہن درہج دمعہ

13%

19%

68%

ااظتنامت ےک ابرے ںیم ٓاپ یک راےئ رٹرنی ےک ابرے ںیم ٓاپیک راےئ

رتہبی یک رضورت درایمہن درہج دمعہ رتہبی یک رضورت درایمہن درہج دمعہ

5% 9% 11%

24%

67%

84%

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