CIE was founded on 22nd Safar 1413 — 22nd August 1992 — as a division of Jamia Darul Uloom Karachi.
When CIE was established on Safar 22, 1413 (August 22, 1992) it had envisioned a mission to train and prepare a team of Shariah scholars and bankers willing to take up the uphill task of transforming the present interest-based banking system into an interest-free Islamic financial system.
Alhamdulillah, CIE is striding towards achieving its target and it has been able to draw the attention of the business community including the financial institutions of the country, and created in them an awareness of the importance of the Islamic financial system. As a result, now they are showing their desire and making efforts for Shariah-compliant products to be available in the trade and finance market.
It is my pleasure to mention here that CIE is receiving international attention and now some foreign organisations are contacting CIE to conduct short courses for their employees in their respective countries. In the last couple of years a few foreign organisations have visited Pakistan to participate in courses specially designed and arranged for them by CIE. This shows the confidence of the financial institutions in our commitment to impart education in the field of Islamic finance. However, CIE will not rest on its present laurel, rather it will continue its sincere and sustained efforts for still better results.
I am sure, In sha Allah, the students after completing the course will be equipped with specialised knowledge and will do their best to translate the knowledge into practical implementation in their respective financial institutions. In fact in this way they will be instrumental in evolving an interest-free economy and financial system in the country, which has been the cherished desire of Muslims all over the world.
I pray to Allah Subhanahu Ta’ala for the students, teachers and the CIE team for their success both here and in the world hereafter. Aameen.
Centre for Islamic Economics



