Training on Conversion Framework from Conventional to Islamic Finance for Modarabas and NBFI
On July 16, 2025, a training and awareness session was held (Physical & virtual both) for Senior and Middle Management of Association’s Members on “Conversion Framework from Conventional to Islamic Finance for Modarabas and NBFI” facilitated by Doorstep International with the aims to provide a comprehensive understanding.
The training covered the following key areas:
- STRATEGIC COMMITMENT & VISION ALIGNMENT 2. ESTABLISH SHARIAH GOVERANCE FRAMEWORK 3. LEGAL AND REGULATORY REVIEW 4. PRODUCT AUDIT AND GAP ASSESSMENT 5. PRODUCT CONVERSION AND DEVELOPMENT 6. MATCHING CONVENTIONAL FINANCING WITH ISLAMIC PRODUCTS 7. MATCHING CONVENTIONAL WITH ISLAMIC PRODUCTS- MURABAHA (COST PLUS ON DEFERRED BASIS) 8. CONVENTIONAL LEASE FINANCING WITH ISLAMIC IJARA ON LEASE TO OWN 9. CONVENTIONAL FUND MANAGEMENT WITH MODARABA 10. FINANCING ON PARTNERSHIP AGAINST MUSHARAKA 11. BOND ISSUANCE AGAINST SUKUK – SUKUK UNDER DIFFERENCT STRUCTURES WHERE IJARA SUKUK IS MOST POPULAR 12. CONVERSION ROAD MAP – DEFINED AND PHASED 13. STAFF TRAINING – AT DIFFERENT LEVELS – NEW ENTRANTS- MIDDLE MANAGEMENT- SENIOR MANAGEMENT 14. CAPACITY BUILDING – CROSS FINCTIONAL WORKSHOPS 15. OPERATIONAL REALIGNMENT 16. CONVENTIONAL BANK AUDIT AND INSPECTION – SHARIAH AUDIT AND COMPLIANCE 17. PERFORMANCE MEASUREMENT AND MARKET POSITIONING 18. CONTINUOUS IMPROVEMENT AND INNOVATION 19. HI-TECH FINANCE AND BLOCK CHAIN 20. COMPARISON OF CONVENTIONAL BANKING WITH ISLAMIC-BASIS OF TRANSACTIONS – RISK ALLOCATION – PROFIT AND LIABILITY STRUCTURE 21. NEW SUKUK STRUCTURES INCLUDES MULTIPLE ASSET SUKUK, GREEN SUKUK – DIGITAL SUKUK – SUKUK FOR CAPITAL RAISING, HYBRID SUKUK 22. ISLAMIC RISK MANAGEMENT – CORE CONCEPTS – RISK MITIGATION ON ASSET AND LIABILITY SIDE 23. CASE STUDIES IN ISLAMIC BANKING = ISLAMIC MICROFINANCE – GRAMEEN JAMEEL MODEL 24. STRUCTURE OF FEE BASED FINANCING 25. ESG AND ISLAMIC FINANCE – ESG AND FRAMEWORK FOR SUSTAINABIITY 26. FUTURE TRENDS AND CHALLENGES
The session was conducted by Mr. Ayaz Wasay and Mr. Ahmer Nehal of Doorstep International.
A large numbers of participants actively attended the session physically and virtually.
