Islamic Finance for Managers

Apr 10 - 13, 2018
Application Deadline:
Mar 30, 2018
LUMS, Lahore

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In Pakistan, Islamic banking is growing at a cumulative annual growth rate of 53% since 2003 (27% since 2008). Islamic banks represent 11.9 percent and 13.7 percent of Islamic banking assets and deposits of the total banking sector in Pakistan and are expected to further grow in next 5 years (SBP, 2017). Currently, Islamic banks have approximately 2,368 branches in more than 110 districts across Pakistan (SBP, 2017). The phenomenal growth of the Islamic finance Industry has resulted in an increased need for education in this sector.

The technical nature of the field requires well trained individuals with a detailed knowledge of not only the financial instruments being offered but also the underlying essence of the subject. Many still view Islamic banking with skepticism and as a result customers demand more in depth knowledge about the Shariah compliant status of instruments. It is therefore necessary that mid-level managers, who are often the first point of contact with customer in terms of introduction to Islamic products, should have a meticulous knowledge of the ‘what’ & ‘why’ of Islamic finance products and be able to create innovative products in accordance with varying customer demands. The program on Islamic Finance for Managers aims to strengthen manager’s knowledge on these critical aspects, enabling them to deal with queries more confidently and better satisfy customer requirements.




 In this program the participants will gain insights on: 

  • Introduction to Islamic economics and how this compares with other economic systems
  • Understanding the ‘why’ of Islamic finance
  • Product development
  • Introduction to accounting for Islamic banks
  • Introduction to equity based financing
  • Introduction to Islamic capital markets and sukuks
  • Innovation and creativity
  • Recent developments in Islamic finance


The program will focus on the:

  • Essence of Islamic Economics
  • Accounting for Islamic financial transactions
  • Product development
  • Equity based financing
  • Introduction to Islamic capital markets
  • Managing the perception of Islamicity of Islamic financial products


The course is designed for mid-level managers working in Islamic Financial Institutions with 3 - 5 years of work experience



Program Directors
Assistant Professor
Research Interests:
Managerial Accounting and Control Systems; Advanced Management Accounting; Principles of Management Accounting; Principles of Financial Accounting
Assistant Professor
Research Interests:
Financial Markets; Islamic finance; Econophysics; Equity markets in emerging and Islamic countries
Additional Faculty
Assistant Professor
PhD, CASS Business School, City University
Research Interests:
Status Consumption; Acculturation; Gender; Religion and Consumer Culture
Assistant Professor
PhD, University of North Carolina-Charlotte
Research Interests:
Development of Decision Support Systems; Technology and Innovation Diffusion; Social Networks and their Impact on IS Strategy and IS Diffusion; Agent-based Computational Economics; IS Pedagogical Issues and Network Location Models in the Context of Disaster Response and Recovery Systems
Residential Fee PKR 45,000

Program fee is funded by the State Bank of Pakistan under FICF grant for Islamic Financial Institutions which includes tuition cost, reading material and lunch served during the program. However, please fill out the details of your Line Manager in sponsorship and invoicing section to successfully complete the application.

If you wish to avail accommodation at LUMS, there will be additional fee. 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 program and check out the morning after the program 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 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.

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

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

If you are unable to attend a registered course we will accept a substitute until two working days before the program. Substitute candidates will be subject to the same selection process as the original candidate. If you wish to cancel your name from a program, please notify in writing at least five working days before the program.

All notifications of cancellations and substitutes must be confirmed in writing.