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Post Graduate Diploma in Islamic Banking & Takaful

There are, broadly speaking two main reasons for starting a Post-Graduate Diploma in Islamic Banking and Finance.

First, That interest is forbidden by almost all religions, particularly by Islam. A Qura’nic injunction declares an open war against Allah Subhana-hu-Ta’ala and the Prophet (Peace Be Upon Him) upon indulgence in interest (Riba). In 1979, Pakistan announced its intention to eliminate interest from its monetary and banking sectors. This decision was completely in consonance with the Islamic Shariah, Quaid-e-Azam Muhammad Ali Jinnah in 1948, while inaugurating the Central office of the State Bank of Pakistan, said:

“I shall watch with keenness the work of your research organization in evolving banking practices compatible with Islamic Ideals of social and economic life – The adoption of Western Economic Theory and practice will not help in achieving our goal of creating a happy and contented people.”

Secondly, Islamic Banking is fast growing at 25% in Pakistan, while internationally it is growing at 15%. However, there is no skilled and informed human resource as there is no single institution, especially in Khyber Pakhtunkhwa (KP) to teach and train people in Islamic Banking and Islamic Economics. This sector offers many good opportunities but professionally trained people are lacking in this filed.

Shaykh Zayed Islamic Centre, University of Peshawar has designed an elaborate and a comprehensive programme of Islamic Banking and Taka’ful in order to fill this gap. This diploma Programme is duly approved by the Academic Council, University of Peshawar, semester-wise break upto the course.

 

Semester-I :   

      Course

      Title of Course

      Cr. Hrs.

      IBT-311

      Fundamentals of Economics

      03

      IBT-312

      Economic System of Islam

      03

      IBT-313

      Islamic Modes of Finance

      03

      IBT-314

      Practice & Law of Banking

      03

 

Semester-II :   

      Course

      Title of Course

      Cr. Hrs.

      IBT-321

      Fundamentals of Economics

      03

      IBT-322

      Economic System of Islam

      03

      IBT-323

      Islamic Modes of Finance

      03

      IBT-324     

      Practice & Law of Banking

      03