ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the Islamic Research and Training Institute, a member of the Islamic Development Bank (IRTI-IBD-Jeddah) is organizing a training workshop on Islamic financial products and risk management for the professionals dealing in Islamic financial products.
The two-day workshop will begin in Karachi on November 18. The workshop will cover a wide range of operations and business situations in the Islamic financial services industry, including Islamic economic models, Islamic index, products, equity investment, Islamic fund management, modalities of takaful and re-takaful, issuance of Sukuk, Islamic banking, Derivatives and Risk management.
Eminent Islamic scholars and professionals, including Mufti Irshad Ahmed Ejaz, Shariah Advisor to BankIslami, Mufti Najeeb Khan, Shariah Advisor to Habib Metropolitan Bank, Osman Babiker Aahmed, Director-Training Division, Islamic Development Bank, Saleemullah Khan, head of Islamic banking division, SBP and Dr Tahir Mansoori, a member of the Religious Board for Modarabas, will speak at the workshop.
Chief executive officers, directors and professionals of Islamic financial institutions comprising of modarabas, Islamic mutual funds, Islamic pension funds, takaful companies, leasing companies and investment banks will participate in the training course.
Tahir Mahmood, Acting SECP Chairman, SECP, Imtiaz Haider, Commissioner, Specialized Companies Division, and Mohammed Asif Arif, Commissioner, Insurance, will also address the workshop.
Islamic finance is a recognized part of the international financial system. However, a lack of available expertise of people who are well versed in the principles and objectives of Islamic economics is affecting the growth of the Islamic financial services industry. Considering the training needs of Pakistan’s Islamic finance industry, the SECP has initiated the programme to train professionals.
*This article was published on 13 November 2013 by Online International News Network. Read the original article here.