Grounded in Shariah principles that emphasize risk sharing, asset-backed transactions, and social justice, Islamic finance today represents a diversified ecosystem encompassing banking, capital markets, insurance (takaful), fintech and social finance instruments.

During the program, participants engaged with leading institutions, regulators, Shariah scholars, and financial sector professionals, gaining firsthand exposure to Pakistan’s advancements in Islamic banking, Shariah governance, microfinance, fintech, capital markets, and agricultural finance.

AlHuda CIBE is pleased to announce the commencement of a major strategic consultancy assignment with the Central Bank of Somaliland, marking a significant step toward establishing a fully developed Islamic banking and capital market ecosystem in the country. 

The ARC WAQF ReTakaful Facility will operate as a mutual, non-profit platform, pooling risks across participating countries to offer affordable, sustainable, and ethical reinsurance coverage helping strengthen the resilience of communities most affected by natural disasters and extreme weather events.

This collaboration aims to address the growing demand for high-quality Shariah Compliant banking systems in the rapidly expanding market.

AlHuda Centre of Islamic Banking & Economics (CIBE) has launched the 8th Global Virtual Internship Program, attracting 250 participants from 40 countries for a two-month immersive learning experience in Islamic banking and finance.

The cooperation between AlHuda CIBE and SQB include initiatives to provide advisory services for structuring and issuing Sukuk, facilitate Shariah advisory and certification services, foster knowledge exchange and professional development through collaborative programs, and engage with international financial institutions to support innovative Shariah-compliant projects.