I. Background (BG)

1. We also refer to earlier BFQC including 322 of 7.9.25 about Summary of Shariat Court Decision against Interest, increase with Implementation Deadlines etc. with  Related Booklet with proper content (Attachment 322.1)

2. This refers to the related Important QCs in trail, blue, italic and double line (a) BFIC343 of 17.12.25 about 3–4 Crore Pakistanis Crypto though Regulations WIP hence Shariah issue (b) BFIC341 of 9.12.25 about Shariah-compliant & Finance cum Banking Certification in 40 Hours and Multiplication (c) BFIC340 of 3.12.25 about Managing Market, Credit & Liquidity Risk in Islamic Treasury  (d) BFQC150 of 23.12.22 about Summary of Shariat Court Decision against Interest, etc.

3. We also refer to several Other QCs including (a) BFIC329 of 16.9.25 about All Institutional Investors to be Shariah Compliant in 3 phases and KC Views & Recommendations (b) TLQC3281 of 24.9.25 about Ex FBR Chairman warns Crypto may Rival Hawala in Usage & Shariah issues too (c) BFIC276 of 27.7.24 about AAOIFI Shariah, Governance and Ethics Standards (d) BFQC157 of 24.8.22 about AAOIFI Shariah Standards - IBD Cir 1

II. Updated Commentary

A. General

If you are an ICMA member and have seen the captioned matter email from ICMA, please ignore this email.

We would inform you about Mastering AAOIFI Shariah Standards Gap Analysis and Effective Implementation (Attachment 350.1)

B. This course helps participants to:

1.   Review selected AAOIFI Shariah Standards to understand their structure, scope, and key requirements

2.   Map AAOIFI Shariah Standards to existing products, policies, procedures, and documentation

3.   Understand the SBP adoption and implementation procedure for AAOIFI Shariah Standards

4.   Conduct gap analysis and identify practical steps for effective implementation

5.   Design a robust Shariah-compliant policy, procedures, and documentation framework, including governance, oversight, and operational controls

C. Course Contents:

1.   Module 1: Review of Selected AAOIFI Shariah Standards

2.   Module 2: Mapping AAOIFI Standards to Products, Policies, Procedures & Documentation

3.   Module 3: Understanding SBP Adoption Procedure

4.   Module 4: Gap Analysis & Steps for Practical Implementation

5.   Module 5: Designing a Robust Shariah-Compliant Policy, Procedures & Documentation Framework

D. Who Should Attend:

1.     Senior Management

2.     Conventional Bankers

3.     Islamic Bankers

4.     Product Department

5.     Credit Administration Department

6.     Risk Department/Legal Counsels

7.     Shariah Compliance Department

8.     Internal Shariah Audit Department

9.     Shariah Scholars

10.  External Shariah Auditors

E. Trainer’s Profile:

1. Mufti Khawaja Noor ul Hassan is the Resident Shariah Board Member at HabibMetro – Sirat Islamic Banking. He brings extensive experience in Islamic banking, with expertise in Shariah governance & compliance, Islamic product development, and conversion of conventional banking operations into Shariah-compliant structures, including documentation and credit administration. He has served with leading institutions such as Standard Chartered Saadiq, Faysal Bank, Meezan Bank, and Albaraka Bank.

2. He is a SECP-certified Director, a registered Shariah Advisor with SECP, and an Advocate of the High Court, Karachi, holding memberships with the Sindh Bar Council and Karachi Bar Association. Alongside his professional career, he has significant teaching experience in religious and Islamic finance disciplines at Jamia Binoria, IBA-CEIF, Centre of Islamic Economics, Iqra University, and Themis School of Law.

3. This is your opportunity to gain practical tools, real-world case studies, and expert insights that will redefine your leadership approach in the digital age.

F. Event Details:

Ø Date: 20.1.26

Ø Day: Tuesday

Ø Time: 9am to 5pm

Ø Venue: Movenpick Hotel, Karachi

Ø Register Now: https://shorturl.at/NDv26

Ø Investment: Rs 35,000

Notes:

(1) Tax will be applied to the invoice

(2) Training fee includes: handouts, certificates of participation, luncheon and refreshments

G. Contact:

Sumreen Noman Ansari 0316-6558838

Khalid Jamil Ansari 0333-4134567

Faizan Ahmed 0331-2595875

III. Multiplication

Although all the Commentaries are to the extent of the Subscribed IDs only, however, your Goodself is allowed to share this QC to Impart Knowledge to the maximum Employees, Relatives, Groups, etc.

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email sumreen.noman@icmap.com.pk.