Leadership Development for Islamic Financial Institutions

May 09 - 12, 2017
Application Deadline:
May 04, 2017
LUMS, Lahore

The global Islamic Finance industry continues to grow exponentially and is expected to grow at a CAGR of 14% in the period 2015-20. Pakistan is considered to be a key and upcoming Islamic banking market and here too a similar upward trend is visible. As at June 2016, the country’s asset base had reached in excess of Rs1.7bn, representing 11% of the country’s total asset base whilst deposits stood at almost Rs1.5bn, approximately 13.2% of the overall country’s banking deposits.

As the industry grows and experiences greater competition, the importance of individuals who possess a sound technical understanding of the industry and its products as well as effective leadership skills is essential. In order to deal with the religiously aware customer base of the Islamic banking industry, managers must understand the very core of the subject not only from a religious perspective but also a business perspective. This is the only way to strengthen and enhance the customer base for Islamic banks.

The Program on Leadership Development (PLD) for Islamic Financial Institutions (IFIs) attempts to amalgamate the technical attributes of Islamic Finance with various other aspects of leadership, including the Shariah perspective on how to lead effectively. The course will also cover teambuilding, customer centricity as well as the importance of an entrepreneurial and innovative mindset. Banking models of more developed Islamic banking markets will also be discussed. The key objective will be to help managers successfully shift their managerial mindset towards a future focused leadership mindset whilst keeping in mind the needs of their unique customer base.

Various teaching methodologies will be used throughout the program including class discussions, case studies, simulations and games. By the end of the program, participants will have covered a wide range of topics, with a focus on their application to Islamic banking including Islamic economics, customer centricity, team building and innovation.


At the end of the program participants will

  • Understand the underlying essence of Islamic finance which is necessary to be able to lead effectively in the industry
  • Understand the mindset of the Islamic banking customer
  • Understand how to influence team dynamics, team performance and how to lead with an impact
  • Understand the importance of developing an innovative and entrepreneurial mindset
  • Understand the basics of leadership and how it applies to Islamic banking
  • Gain insights into the future of the industry by looking at more developed Islamic banking markets



 The program will cover the following areas

  • Financial perspective of leaders
  • Islamic financial literacy: Economics, Law & Ethics
  • The foundation of Islamic banking
  • The future of Islamic banking
  • Developing customer focus
  • Innovation
  • Leading from the middle
  • Team building



The course is designed for managers working in Islamic Financial Institutions with 3-8 years of experience who will become the future leaders in Islamic banking.


Program Director
Associate Professor
PhD, Monash University
Research Interests:
Islamic Banking & Finance; Financial Instruments used in Islamic Capital Markets
Co-Program Director
Assistant Professor
Research Interests:
Managerial Accounting and Control Systems; Advanced Management Accounting; Principles of Management Accounting; Principles of Financial Accounting
Additional Faculty
PhD, University of Texas at Arlington
Research Interests:
Productivity; Quality Management; Supply Chain Management; Six Sigma; Project Management; Developing Customer Centric 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
Program Fee PKR 85,000
Residential Fee PKR 45,000

* Program fee includes tuition cost, reading material, tea and lunch served during the program. 

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.

Payment is due upon receipt of the acceptance letter along with the invoice. Please ensure that the payment reaches the office BEFORE the start of the program. Space in the program may only be ensured after we receive the fee.

Our preferred mode of payment is by cheque/banker’s draft payable to Lahore University of Management Sciences.

Please send the cheque to:
Marketing Manager
Rausing Executive Development Centre
Lahore University of Management Sciences
Opposite Sector "U", DHA, Lahore - 54792
Tel: +92-42-35608119-8243

* LUMS is a non-profit organization under section 2(36) of the Income Tax Ordinance 2001. Accordingly, under section 100C (2) (d), the income of LUMS is not tax deductible/collectable.

If more than one executive from the same organisation participate (up to a group size of 5 participants) in a program, each additional participant after the first one gets a 15% discount on the program fee.

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. Course fee will be refunded after deducting an application-processing fee of PKR 20,000/-. There will be no refund for cancellation received after the withdrawal date or in case of no-show.

It is possible to transfer to another program within 2 years. The deposited fee will be carried forward after deducting the application-processing fee of PKR 20,000. Please note that only one transfer is permitted. After 2 years the deposited fee will be forfeited. Transfers should be notified at least five working days before the program.

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

Note: REDC may cancel or postpone a program due to insufficient enrolment or unforeseen circumstances. In this case, University will refund registration fee and is not responsible for any other related charges/expenses including cancellation/change charges by airlines and travel agencies. In case of postponement, the fee may be transferred to the rescheduled offering of that program or any other program as an alternate to refund. The University reserves the right to make changes in its program policies and fees at any time.