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CEIF IMSciences

The Centre for Excellence in Islamic Finance (CEIF) is established by the State Bank of Pakistan. Peshawar.

The State bank of Pakistan (SBP) is managing Financial Innovation Challenge Fund (FICF) under the UK-aid funded Financial Inclusion Program (FIP). The main aim of FICF is to help financial sector, in reaching new market segments, lower cost of delivery, enables processes and procedures to be more efficient and provision of new ways to meet the unmet demands of financial services. For this purpose,

SBP has established three Centres for Excellence in Islamic Finance (CEIF) in the best business schools of the country. One CEIF is established at the Institute of Management Sciences (IMSciences). Two other Centres have been established in Institute of Business Administration (IBA) Karachi and Lahore University of Management Sciences (LUMS). The main aim of these Centres is to promote Islamic finance through the following ways:

• Arranging standard professional trainings leading toa certifications in Islamic finance for practitioners working in Islamic banks and takaful companies.
• Arranging awareness programs for businessmen, traders, companies and students etc.
• Developing undergraduate, graduate, and PhD programs in Islamic finance
• Offering certificate and diploma programs in Islamic finance in collaboration with Islamic banks and takaful companies.
• Research in Islamic Finance through arranging international conferences, publication of research articles and publishing books.
• Development and maintenance of data hub which will contain data of the Islamic financial institutions, latest research, content of training and degree programs.

22/08/2026

𝐒𝐭𝐮𝐝𝐞𝐧𝐭 𝐀𝐜𝐡𝐢𝐞𝐯𝐞𝐦𝐞𝐧𝐭 | 𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞

Proud to celebrate the remarkable achievements of our students and alumni who continue to excel, inspire, and make us proud.
𝐊𝐞𝐞𝐩 𝐥𝐞𝐚𝐝𝐢𝐧𝐠. 𝐊𝐞𝐞𝐩 𝐢𝐧𝐬𝐩𝐢𝐫𝐢𝐧𝐠. 𝐊𝐞𝐞𝐩 𝐬𝐡𝐢𝐧𝐢𝐧𝐠.

18/08/2026

𝗥𝗲𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗩𝗮𝗹𝘂𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗔𝗴𝗲
𝗛𝗼𝘄 𝗱𝗼 𝘄𝗲 𝗽𝗿𝗲𝘀𝗲𝗿𝘃𝗲 𝘁𝗵𝗲 𝗵𝘂𝗺𝗮𝗻 𝗲𝘀𝘀𝗲𝗻𝗰𝗲 𝗼𝗳 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗹𝗶𝗳𝗲 𝗶𝗻 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴𝗹𝘆 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘄𝗼𝗿𝗹𝗱?
Professor Dr. Karim Ullah’s research featured by Harvard University explores this critical question through an insightful study of Islamic Finance and Rudolf Steiner’s concept of Bodily Cooperation for Value Co-creation.
We live in an era where automated systems increasingly generate our texts, process our data, and facilitate our financial transactions. While automation offers unprecedented speed and efficiency it also raises an important concern: What happens when economic activity becomes increasingly detached from genuine human interaction?
Professor Dr. Karim Ullah presents a human centric perspective demonstrating that meaningful economic value cannot be reduced to algorithms, calculations, or automated processes. Instead, it is created through human participation conscious action, cooperation, trust, and meaningful relationships.
To transform this philosophical perspective into practical application Professor Dr. Karim Ullah developed a structured module based on nine key propositions, providing a framework for financial institutions and communities to understand and implement the principles of bodily cooperation in contemporary economic life.
Featured through the Harvard Divinity School’s Programme of Evolution of Spirituality his work offers a timely reflection for the global finance industry: technological advancement should not come at the expense of human connection.
𝗔𝘀 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝗺𝗼𝗿𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹, 𝘁𝗵𝗲 𝗻𝗲𝗲𝗱 𝗳𝗼𝗿 𝗵𝘂𝗺𝗮𝗻 𝗰𝗼𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝗲𝘃𝗲𝗻 𝗺𝗼𝗿𝗲 𝗽𝗿𝗼𝗳𝗼𝘂𝗻𝗱.
The future of finance may be powered by technology, but meaningful economic value remains deeply rooted in human connection.𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗼𝗿 𝗗𝗿. 𝗞𝗮𝗿𝗶𝗺 𝗨𝗹𝗹𝗮𝗵’𝘀 𝗳𝘂𝗹𝗹 𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗵𝗲𝗿𝗲: https://www.youtube.com/watch?v=KMnglZstfZE&t=76s

17/08/2026

CEIF IMSciences and UBL Ameen Conducts Two-Day Training on “Islamic Banking Essentials” for UBL Ameen Staff.

Under the collaborative Memorandum of Understanding (MoU) between CEIF IMSciences and UBL Ameen a successful two day training on “Islamic Banking Essentials” was conducted for UBL Ameen staff in Abbottabad region.
The training program aimed to enhance participants’ understanding of the core concepts, principles, and practical applications of Islamic Banking and Finance.
Throughout the sessions, participants engaged in informative discussions, interactive learning activities, and knowledge-sharing exercises focused on the growing significance of Shariah-compliant financial systems within the modern banking industry.
The sessions provided banking professionals with valuable insights into ethical banking principles, Islamic financial practices, and the evolving role of Islamic finance in promoting sustainable, responsible, and inclusive economic development.
This initiative reflects the shared commitment of CEIF IMSciences and UBL Ameen toward professional capacity building, industry knowledge enhancement, and strengthening expertise in Islamic Banking practices.

14/08/2026

𝟕𝟗𝐭𝐡 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐃𝐚𝐲 𝐨𝐟 𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧

Celebrating the spirit of freedom, unity, and responsibility that continues to shape our nation.
𝐂𝐄𝐈𝐅 𝐈𝐌𝐒𝐜𝐢𝐞𝐧𝐜𝐞𝐬 𝐰𝐢𝐬𝐡𝐞𝐬 𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 𝐚 𝐩𝐞𝐚𝐜𝐞𝐟𝐮𝐥, 𝐩𝐫𝐨𝐬𝐩𝐞𝐫𝐨𝐮𝐬, 𝐚𝐧𝐝 𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 𝐃𝐚𝐲.
𝐏𝐚𝐤𝐢𝐬𝐭𝐚𝐧 𝐙𝐢𝐧𝐝𝐚𝐛𝐚𝐝!

12/08/2026

𝗜𝗡𝗧𝗘𝗥𝗡𝗔𝗧𝗜𝗢𝗡𝗔𝗟 𝗬𝗢𝗨𝗧𝗛 𝗗𝗔𝗬 𝟮𝟬𝟮𝟲
Youth empowerment begins with knowledge, awareness, and meaningful opportunities.
On this International Youth Day CEIF IMSciences celebrates the potential of young people to shape a more ethical, inclusive, and sustainable financial future through Islamic finance and financial literacy.
𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝗻 𝘆𝗼𝘂𝘁𝗵 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝘁𝗼𝗱𝗮𝘆 𝗺𝗲𝗮𝗻𝘀 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗲𝗱, 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲, 𝗮𝗻𝗱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝗹𝘆 𝗲𝗺𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀.

10/08/2026

𝗖𝗘𝗜𝗙 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 & 𝗣𝘂𝗯𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗦𝗲𝗿𝗶𝗲𝘀
𝘐𝘯𝘵𝘳𝘰𝘥𝘶𝘤𝘵𝘪𝘰𝘯 𝘵𝘰 𝗧𝗮𝗸𝗮𝗳𝘂𝗹: 𝗧𝗵𝗲𝗼𝗿𝘆 𝗮𝗻𝗱 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲 provides a comprehensive account of the theory and practice of Takaful as an Islamic alternative to insurance. The book explains key concepts through real life case studies practical calculations and illustrative exhibits to support learning understanding and reflection.
Dr. Adnan Malik and Dr. Karim Ullah bring together their professional and academic expertise in insurance Takaful and Islamic finance to present this comprehensive work on the theory and practice of Takaful.
𝗨𝗿𝗱𝘂 𝗘𝗱𝗶𝘁𝗶𝗼𝗻
The Urdu edition of this publication is aimed particularly at Madaaris students to facilitate their learning of Insurance and Takaful. It presents the theory and practice of Takaful in Urdu while incorporating case studies calculations and illustrative exhibits to support a clear and practical understanding of the subject
Karim Ullah IMSciences

07/08/2026

CEIF IMSciences is proud to celebrate the achievements of its alumni from the BBA Islamic Finance, MS Islamic Business and Finance, and PhD Islamic Business and Finance programs.

If you have recently achieved a professional, academic, or personal milestone, we encourage you to share it with us by completing this form. Selected achievements will be featured on CEIF IMSciences' official social media platforms and other communication channels.

Link https://forms.gle/6LA4o9Em1pN7UAaR8

16/07/2026

Strengthening expertise in Islamic Banking through continuous learning and professional development. Proud to support the successful Islamic Banking Essentials training for UBL Ameen – Kohat Region.

15/07/2026

CEIF IMSciences and UBL Ameen Conduct Training on "Islamic Banking Essentials" for UBL Ameen Staff – Kohat Region | 15 July 2026
Under the collaborative Memorandum of Understanding (MoU) between CEIF IMSciences and UBL Ameen, a successful training session on "Islamic Banking Essentials" was conducted on 15 July 2026 for UBL Ameen staff of the Kohat Region.
The training aimed to strengthen participants' understanding of the core concepts, principles, and practical applications of Islamic Banking and Finance. Throughout the session, participants engaged in insightful discussions, interactive learning activities, and knowledge-sharing exercises focused on the growing importance of Shariah-compliant financial systems in today's banking industry.The program provided banking professionals with valuable insights into ethical banking principles, Islamic financial practices, and the evolving role of Islamic finance in promoting sustainable, responsible, and inclusive economic development.This initiative reflects the continued commitment of CEIF IMSciences and UBL Ameen to professional capacity building, industry knowledge enhancement, and strengthening expertise in Islamic Banking practices.

14/07/2026

Session led by Professor Dr. Karim Ullah brings together leading banks to address practical challenges in ECL calculation and asset classification
The Centre for Excellence in Islamic Finance (CEIF) at IMSciences recently hosted a full-day online workshop on IFRS 9 Implementation, designed to help financial institutions rapidly adapt to shifting regulatory and market demands.
Designed and delivered by Professor Dr. Karim Ullah, the workshop convened senior Islamic Finance executives from several prominent institutions, including Allied Bank, ZTBL, Bank of Khyber, and MCB Islamic Bank, for an in-depth exploration of practical implementation strategies.
Discussions throughout the day were anchored around 11 key IFRS 9 circulars issued by the State Bank of Pakistan. To bridge the gap between theory and real-world application, Dr. Karim Ullah guided participants through five financial asset case studies, facilitating debate on operational bottlenecks, Business Model Testing for asset classifications, and Expected Credit Loss (ECL) calculations.
The day's most compelling segment focused on mapping the core objectives of Islamic finance contracts onto traditional banking business models. This structural tension became particularly evident when justifying Probability of Default (PD), Loss Given Default (LGD), and the weighting of forward-looking macroeconomic information.
The insights gained from these intensive executive discussions are already shaping future initiatives. CEIF IMSciences will soon publish a comprehensive policy paper aimed at optimizing calculation engines for ECL, Discounted ECL, PD, LGD, EAD, and W-ECL.

Address

Peshawar
25000

Telephone

+92915861037

Website

http://www.ceifimsciences.org/

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