IBA - Centre for Excellence in Islamic Finance

The Centre for Excellence in Islamic Finance (CEIF) has been established at IBA with the objective of providing a platform for discovery, enhancement and dissemination of knowledge in the field of Islamic Finance. It aims to be a world class Centre which, through education and research, carries on IBA's legacy of thought leadership in the Islamic Finance industry. Globally, Islamic Banking assets have exceeded USD 2.2 trillion by the end of 2018. In Pakistan, 5 full ledged Islamic banks & 17 conventional banks with Islamic Banking branches operating 2,913 branches (including window operations) grew their assets by 7.3% to reach Rs, 2,992 billion, deposits by 9.8%, reaching Rs 2,415, ending up with profits of Rs 32 billion for the year 2018. This exponential growth of the industry has led to the vacuum of trained human resource at all levels. A wider array of products which are distinctively Shari'ah Compliant are also the need of the hour which would lead the industry to clearly differentiate itself in the market. CEIF has been established to meet this need for greater research and training.