Islamic Banking for Executives

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Empowering Executives to Drive Islamic Banking Forward

Islamic finance has become a vital strategic priority for banks and senior executives. With the rapid growth of Islamic banks and the conversion of conventional banks into Islamic institutions, leaders in the financial sector must develop a solid understanding of Islamic banking practices. Yet, a common dilemma persists: many executives are taught that Islamic banking is Islamic, but they often do not know why.

Islamic Banking for Executives (IBE) equips emerging leaders with the expertise to navigate the rapidly evolving world of Islamic finance. Beyond technical knowledge, IBE builds the mindset and leadership impact needed to excel in a competitive environment while clarifying common misconceptions and highlighting distinctions from conventional banking. Participants gain the clarity and confidence to expand Islamic banking portfolios, drive institutional growth, and strengthen the broader Islamic finance ecosystem.

Unlike many industry offerings, IBE goes beyond explaining what of Islamic finance to uncover the deeper why. This distinctive approach ensures participants not only grasp key concepts but also apply them meaningfully in their leadership practice.

IBE equips participants with the leadership mindset to excel in Islamic banking, providing clarity and confidence to expand portfolios and drive institutional growth. Accessible to both seasoned professionals and those with little or no background in Shariah law, it builds a comprehensive understanding of Islamic banking while linking big-picture strategy with essential technical details.

Delivered through participant-centred, interactive learning, the programme ensures genuine understanding and practical application beyond traditional lecture-based approaches. The programme covers key areas essential for future leadership in Islamic banking.

Leadership in Islamic Banking
- Gain comprehensive insights and the latest management practices unique to Islamic banks.
- Learn how to lead effectively within the sector.

Mindset and Identity of Islamic Banking
- Explore the unique identity of Islamic banks and their value proposition for customers.
- Learn about the deeper purpose of Islamic banking and how it is beyond day-to-day operations.

Principles of Islamic Finance
- Understand the concept of Riba (interest)—its relevance in modern banking, and why it is prohibited.
- Develop an understanding of how regulation differs from prohibition, along with the economic reasoning behind jurists’
rulings.

Instruments and Structures
- Examine asset-side instruments such as Murabaha and Ijarah, the role of assets in Islamic finance, and key distinctions like
time value of money vs. monetary value of time and ownership vs. loan financing.
- Explore liability-side instruments, including Musharakah and Mudarabah, and how profit-and-loss sharing contrasts with
interest-based models.

Islamic Capital Markets
- Gain insights into Sukuk, including why Ijarah Sukuk are the most widely used Islamic bonds, and understand Islamic equity
filters and the principles behind permissible investments.
- Learn the key dos and don’ts of Islamic equity markets.

This programme is designed for forward-looking professionals seeking to deepen their expertise in Islamic banking. While tailored for those with backgrounds in finance, business, and economics, it is equally accessible to participants with little or no prior knowledge of Shariah law—ensuring a practical and comprehensive understanding of the industry.

It is especially relevant for:

Area and Regional Managers responsible for driving business performance and customer engagement.
Group Heads and Executive Teams leading transformation initiatives and shaping strategy in Islamic or conventional banks.
Senior Managers and Emerging Leaders preparing to expand Islamic banking portfolios and contribute to institutional growth.

Programme Director

SAAD AZMAT

Associate Professor
PhD, Monash University

Research Interests:

Islamic Banking & Finance; Financial Instruments used in Islamic Capital Markets

Programme Fee	PKR 180,000
Residential Fee	PKR 80,000

* Programme fee includes tuition cost, reading material, tea and lunch served during the programme.

ACCOMMODATION
It includes accommodation, breakfasts and dinners for the duration of the program. However, any extra charges such as telephones, extra meals etc should be paid on departure. You may check-in on the evening preceding the start date of the programme and check-out the morning after the programme ends. You are, however, requested to inform us of the time of your arrival and departure.

We offer single bed accommodation at the Rausing Executive Centre. Each bedroom with attached bathroom is equipped with a mini-fridge, writing desk and direct dial STD/ISD telephone and cable TV. All bedrooms at REC are internet-ready. Please note we do not provide accommodation for drivers accompanying participants.

ADMISSION PROCESS
Applications will be screened with regard to their suitability for each programme. Kindly ensure that your complete online application form reaches the office by the deadline. Incomplete application forms will not be entertained.

*Seat in the programme will be reserved on a first-come, first-served basis.

PAYMENT
Payment is due upon receipt of the acceptance email/letter along with the invoice. Please ensure that the payment reaches the office BEFORE the start of the programme. Space in the programme may only be ensured after we receive the fee. Payment can be made directly through:

Debit/credit card by visiting https://pay.lums.edu.pk. You can process the payment by selecting REDC payments from the Payment Type Section and entering a valid voucher number and access code mentioned on the voucher. Additional bank charges may apply.
Cash, Crossed Cheque or Pay Order/Bank Draft made in favor of "Lahore University of Management Sciences" at any United Bank- Limited (UBL) branch against the programme voucher.

However, the programme fee can also be paid via bank transfer. If you wish to dispatch the cheque directly to our office, please send it to:

Manager Marketing
Rausing Executive Development Centre
Lahore University of Management Sciences
Opposite Sector 'U', DHA Lahore Cantt Pakistan
Tel: +92 42 3560 8243

* LUMS is a not-for-profit organisation under the Income Tax Ordinance 2001. Accordingly, the income of LUMS is not tax-deductible/collectable.

DISCOUNT POLICY
If more than two executives from the same organisation participate (up to a group size of 5 participants) in a programme, each additional participant after the first two gets a 20% discount on the programme fee.

SUBSTITUTES/TRANSFERS AND REFUNDS
If you are unable to attend a registered course, we will accept a substitute until 2 working days before the programme. Substitute candidates will be subject to the same selection process as the original one. If you wish to cancel your name from a programme, please notify in writing or on call at least 5 working days before the programme. In case of late cancellation, the programme fee will be refunded after deducting an application processing fee of PKR 40,000.

It is possible to transfer the deposited fee to any open enrolment programme within 3 years. Transfers should be notified at least 5 working days before the programme. In case the participant or sponsoring organisation fails to utilise the funds within 3 years, the deposited fee will be forfeited.

Note: REDC may cancel or postpone a programme due to insufficient enrolment or unforeseen circumstances. In this case, the university will refund the registration fee but will not be responsible for any other related charges/expenses including cancellation/change charges by airline and travel agencies.

In case of postponement, the fee may be transferred to the rescheduled offering of that programme or any other programme as an alternate to refund. The University reserves the right to make changes in its programme policies and fees at any time.

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