In line with Bahrain’s position as a global pioneer in Islamic Banking, the BIBF has been actively sharing Bahrain’s experience with the world. To support this direction, the BIBF had partnered with COMSATS University – the highest ranked Pakistani University according to Times Higher Education Rankings (2016 -2017). COMSATS is also the largest University network in Pakistan, spanning seven cities plus a virtual campus.
The agreement sees the launch of the Advanced Diploma in Islamic Finance (ADIF), to be offered for the first time in Pakistan. BIBF’s ADIF programme is the first Islamic finance professional qualification in the world, launched back in 2001, and has over 900 graduates from 20 different countries across the world.
ADIF is the only qualification in the world with a fast-track progression route into a UK MBA or MSc through two recognised UK universities. ADIF graduates also get two exemptions from AAOIFI’s CIPA qualification.
Potential ADIF students who already have the NIBAF Islamic finance certification will be given exemptions from two modules of the ADIF programme.
The BIBF has supplied the Islamic finance industry globally with skilled, qualified human capital. Its training solutions have served the Islamic finance market in over 20 countries and the reach of its experiences is evident in many of the accomplishments achieved over the past two decades. The BIBF is also the only institute globally to have partnered with both Islamic Finance standard setting bodies AAOIFI and IFSB to facilitate e-Learning.
BIBF Director, Dr. Ahmed Al Shaikh, said, ‘Islamic banking in Pakistan has witnessed a strong growth in Pakistan over the last decade, and hopefully through this promising collaboration, BIBF and COMSATS University can further contribute to the human capital development in Islamic finance, specifically in Pakistan.’