Islamic finance is increasingly gaining momentum on the global scene as a viable alternate financial system, grounded in its strong fundamentals risk sharing and asset backed financing. The current asset-base of global Islamic finance industry (IFI) stands at around 2 trillion US$. In Pakistan Islamic banking industry claims 11.4 percent share in assets and 13.2 percent share in deposits of overall banking industry.

ICIBF 2017 provides a platform among practitioners, academics and Shari’ah Scholars to share and synthesize their knowledge and experience on the following themes.


Corporate Deligate Rs. 8,000 Academician Rs. 6,000
Students Rs. 4,000 Foreign Delegates $ 150


Dr. Imam Uddin (Cell No. 0300-9375010)
Muhammad Arsalan (Cell No. 0300-9250725)
UAN: 111-002-004, Ext., 389, Email:


اہم اجتماع  برائےتاجر حضرات

اہم اعلان!


اطلاع دیجاتی ہے کہ جامعہ دارالعلوم کراچی کے شعبہ مرکز اقتصاد اسلامی کے زیر انتظام  26 فروری بروز اتوار کو زکوٰة کے موضوع پرجامع مسجد بیت المکرم میں منعقد ہونے والا اجتماع سیکیورٹی کی موجودہ صورتحال اورحکومت کی جانب سے دفعہ 144 کے فوری نفاذ کی وجہ سے ملتوی کر دیا گیا ہے۔

ان شاءالله نئی تاریخ کا اعلان بعد میں کردیا جائے گا


اہم اجتماع  برائےتاجر حضرات

موضوع :  مال تجارت کی زکوٰۃ نکالنے کا نصاب و طریقہ

پروگرام کی تفصیل

مورخہ:      26 فروری 2017 بروز اتوار

اجتماع:       دن 11:00 بجے

بیان :         دن 11:30 بجے

بمقام : جامع مسجد بیت المکرم گلشنِ اقبال، کراچی

زیرِ انتظام:  مرکز الاقتصادالاسلامی

شعبہ جامعہ دارالعلوم کراچی

رجسٹریشن  کیلئے رابطہ فرمائیں:

      2272332-0335 (امیر الدین)

3658220-0334  (ثناء اللہ)


Executive Learning Program

Pool Management and Profit Distribution Framework for IFIs
IBA CEIF is offering an advanced level course on Pool Management and Profit distribution in Islamic banks on the 16th of November, 2016. The course will enable the participants to gain practical insights about the Profit Calculation & Distribution Mechanism and Pool Management guidelines in Islamic Financial Institutions.

To register please go to
For more information


Alhumdolillah! The orientation session was held on Saturday 29th October 2016, for Post Graduate Diploma (PGD) leading to MBA in Islamic Banking and Finance which is being jointly organized for the first time by world renowned Centre for Islamic Economics (CIE) a division of Jamia Darul Uloom Karachi and HEC recognized COMMECS College.

Representatives from CIE , Meezan Bank & COMMECS College expressed their views about the uniqueness of the course and encouraged the participants to enroll. The course contents comprise of a beautiful blend of Shairah and Business studies. The faculty comprises of Shariah Scholars, practitioners and professional teachers.

Limited seats are available and interested individuals can register online at or in case of any query can also call at 021-34967208, 34823147.

The last date for getting registered is November 01, 2016.


Dr Muhammad Imran Usmani is delivering lecture in IBA Karachi today on AAOIFI Shariah Standard on conversion of conventional banks to Islamic banks and islamic banking services in advanced course organized by IBA CEIF on AAOIFI Shariah standards.

CIBES/CIE Admission Test

General Instructions

In order to ensure a fair chance to every candidate and to conduct the test efficiently, we need and request your cooperation for compliance to the given instructions.

Instructions for ‘MCQ’ Section

  1. Test contains Three Sections.
  2. You have exactly 60 minutes to complete 75 MCQs.
  3. Each MCQ carries one mark.
  4. You are required to check the correct option only (A, B, C or D) in front of corresponding question as appear on the screen.
  5. You may use the rough work sheet for your convenience but ensure that the rough work sheet is returned after the Test.
  6. Once announced, you may start your test by attempting any question from any part of the MCQ section.
  7. You may attempt questions in any order and may move forward or backward.
  8. If you want to change any of your answer, uncheck your previous answer and check again.

CIBES/CIE Admission Test

Sample Paper

Time 60 Minuts         Total Marks: 75

Section – I English

Part – I

English Vocabulary                                                                                                     No. of Questions: 15

Identify the correct synonym for the given words and check/select corresponding alphabet on the computer screen.

Q.No. Question A B C D
1 BETRAY Modify Argue Deceive Perceive
2 HAVOC Favour Destruction Deploration Defeat
15 CASUAL Careless Rude Candid Vague
English Grammar     No. of Questions: 15

The underlined segment of each sentence is incorrect. Your task is to identify the correct replacement for the given segment and check/select corresponding alphabet on the computer screen.

Q.No. Question A B C D  
  If the doctor would have reached would have would had should  
16 there on time, he would have  
reached reach reached reach  
  saved his life.  
  When the phone is ringing, Ali had Is ringing, Ali rang, Ali is rang, Ali had rung,  
17 been reading a story from his had been was Ali was  
  book. reading reading reading  
  Mrs. Kashif is one of those people who is always which are whom are who are  
30 who is always willing to help willing always always always  
  others.   willing willing willing  


Reading Comprehension

No. of Questions: 05

A Thirsty World

The world is not only hungry, it is also thirsty for water. This may seem strange to you, since nearly 75 per cent of the earth’s surface is covered with water. But about 97 per cent of this huge amount is seawater, or salt water. Man can only drink and use the other 3 per cent-the fresh water that comes from rivers, lakes, underground, and other sources. And we cannot even use all of that, because some of it is in the form of icebergs and glaciers. Even worse, some of it has been polluted.

However, as things stand today, this small amount of fresh water, which is constantly being replaced by rainfall, is still enough for us. But our need for water is increasing rapidly-almost day by day. Only if we take steps to deal with this problem now can we avoid a severe worldwide water shortage later on. A limited water supply would have a bad effect on agriculture and industry. Let me give you just one small example of how necessary water is to industry. Did you know that to produce a single tonne of steel, it takes about 91 000 litres of water?


We all have to learn how to stop wasting our precious water. One of the first steps we should take is to develop ways of reusing it. Experiments have already been done in this field, but only on a small scale. The systems that have been worked out resemble those used in spacecraft.

Today, in most large cities, water is used only once and then discharged into a sewer system. From there it eventually returns to the sea or runs into underground storage tanks. But it is possible to pipe water that has been used to a purifying plant. There it can be filtered and treated with chemicals so that it can be used again, just as if it were fresh from a spring.

But even if every large city purified and reused its water, we still would not have enough. Where could we turn next? Did I hear someone say “to the oceans”? You’re a step ahead of me!

All we’d have to do to make use of the vast reserves of seawater in the world is- remove the salt. This process is called desalinization, and it is already in use in many parts of the world.

So you see, if we take these steps we’ll be in no danger of drying up!

Q.No. Question A B C D  
  What is meant by the phrase “the It means people It means all It means the It means the  
31 world” in the first line? in general. living things earth universe  
  What percentage of the earth’s He can use He can use He can use He can use  
32 water can man actually use? nearly 75 per about 97 per exactly J per less than 3  
  cent of it cent of it cent of it percent of it  
35 What other source of water? Ocean water Icebergs. Glacier Desalinizatio  


Section – II Mathematics

Part – I

Quick Maths                                                                                                                  No. of Questions: 10

Identify the correct answer for the given question and check/select corresponding alphabet on the computer screen..


Q.No.     Question A B C D
36 Ö81     Ö25 4 2 5 3
37 4. 5 Ñ ?  =  13. 5 3.5 3 2.5 0.3
45 5/2 Ñ 4/3 10/3 15/6 8/6 2/6
Word Problems           No. of Questions: 10

Identify the correct answer for the given question and check/select corresponding alphabet on the computer screen.

Q.No. Question A B C D  
46 A boy is 5 years old, and his sister is twice as old as he is. When 20 15 17 14  
the boy is 10 years, what will be the age of his sister?  
  Three men or 9 boys can complete a given work in 16 days. In 12 11 10 09  
47 how many days will 2 men and 10 boys complete the same  
days days days days  
55 A shopkeeper increases the price of an article first by 25% and 40% 45% 50% 55%  
then by 20%. What is the total percent increase?  
Series     No. of Questions: 10  

Work out the pattern, and identify the next number in the series and check/select corresponding alphabet on the computer screen.

Q.No.       Question A B C D
56 33 38 45 54 65 78  ? 93 82 84 86
57 1  4 9 16 25 36 ? 47 49 45 56
65 240 120  40  10 2 1/3 ? 1/14 1/18 1/21 1/24

Section – III Current Affairs

Part – I

No. of Questions: 10

Identify the correct answer for the given question and check/select corresponding alphabet on the computer screen.

Q.No. Question A B C D  
  Which of the following crops          
66 contributes most to Pakistan’s Rice Cotton Wheat Sugarcane  
67 How many Surahs are there in the 313 786 114 30  
Holy Quran?  
  The semi final of the Cricket World     Uttar    
75 Cup 2011 was played at Mohali. In Haryana Maharashtra Punjab  
  which Indian state is Mohali situated?