Five-Year Strategic Plan for the IoBM - Centre for Islamic Banking & Finance (CIBF) (2025–2029)
Introduction
The Centre for Islamic Banking & Finance (CIBF) at IoBM is committed to becoming a leading hub for advancing Islamic banking, finance, and Halal business practices. To achieve this, five-year plan details our strategic roadmap to strengthen collaborations, foster innovation, and build capacity in alignment with global Islamic finance industry trends.
Vision
To be a globally recognized center for excellence in Islamic banking, finance, and Shariah Compliant business, fostering ethical and sustainable development.
Mission
- To integrate Islamic principles into contemporary business practices through education, research, training, and consultancy services.
- Empowering professionals and organizations to achieve Shariah compliance and sustainability.
- Play a pivotal role in the development of Islamic finance industry in the country.
Strategic Goals
1. Capacity Building for Industry Professionals
- Offer certifications and diplomas and Degree programs in Islamic banking and finance.
- Train professionals for offering world class Islamic finance services and seamless transition to Shariah-compliant systems.
2. Support Industry Transformation
- Provide consultancy for converting conventional banks to Islamic models.
- Establish an Islamic incubation section under CIBF to support Halal and Shariah Compliant start-ups.
3. Research and Policy Advocacy
- Conduct applied research to address real-world challenges in Islamic finance.
- Develop policy recommendations for industry and government stakeholders.
4. Engagement and Advocacy
- Conduct applied research to address real-world challenges in Islamic finance.
- Develop policy recommendations for industry and government stakeholders.
Key Academic Initiatives (Year-wise)
Year 1 (2025)
- Launch two certifications/diplomas in Islamic banking and Shariah Compliant business.
- Organize student awareness sessions on Shariah compliance and Islamic finance.
- Conduct IoBM’s annual Islamic Banking & Finance Conference.
- Publish 5 research papers/book chapters in indexed journals and books published by international publishers.
- Provide 8+ industry consultancies, including advisory for digital transformation and corporate governance.
Year 2 (2026)
- Launch PGD program in Islamic Banking & Shariah Compliant Business.
- Continue offering two certifications/diplomas in Islamic banking and Shariah Compliant business.
- Organize student awareness sessions on Shariah compliance and Islamic finance.
- Conduct IoBM’s annual Islamic Banking & Finance Conference.
- Publish 5 research papers/book chapters in indexed journals and books published by international publishers.
- Provide 10+ industry consultancies, including advisory for digital transformation and corporate governance.
Year 3 (2027)
- Establish the Islamic Incubation Section under CIBF, supporting 5 Shariah Compliant start-ups per annum.
- Continue offering PGD program in Islamic Banking & Shariah Compliant business.
- Continue offering two certifications/diplomas in Islamic banking and Shariah Compliant business.
- Organize student awareness sessions on Shariah compliance and Islamic finance.
- Conduct IoBM’s annual Islamic Banking & Finance Conference.
- Publish 8 research papers/book chapters in indexed journals and books published by international publishers.
- Provide 12+ industry consultancies, including advisory for digital transformation and corporate governance.
Year 4 (2028)
- Launch a BS program in Islamic Banking, Finance, Takaful, and Islamic SME finance.
- Host one large-scale Islamic Finance Summit outside Pakistan, focusing on fintech and sustainability.
- Continue start-up program under the Islamic Incubation Section, supporting 10 Shariah Compliant start-ups per annum.
- Continue offering PGD program in Islamic Banking & Halal business.
- Continue offering two certifications/diplomas in Islamic banking and Halal business.
- Organize student awareness sessions on Shariah compliance and Islamic finance.
- Conduct IoBM’s annual Islamic Banking & Finance Conference.
- Publish 10 research papers/book chapters in indexed journals and books published by international publishers.
- Provide 15+ industry consultancies, including advisory for digital transformation and corporate governance.
Year 5 (2029)
- Launch MS & PhD programs in Islamic Banking, Finance, Takaful, and Islamic SME finance.
- Continue BS program in Islamic Banking, Finance, Takaful, and Islamic SME finance.
- Host one large-scale Islamic Finance Summit outside Pakistan, focusing on fintech and sustainability.
- Continue start-up program under the Islamic Incubation Section, supporting 15 Shariah Compliant start-ups per annum.
- Continue offering PGD program in Islamic Banking & Halal business.
- Continue offering two certifications/diplomas in Islamic banking and Halal business.
- Organize student awareness sessions on Shariah compliance and Islamic finance.
- Conduct IoBM’s annual Islamic Banking & Finance Conference.
- Publish 10 research papers/book chapters in indexed journals and books published by international publishers.
- Provide 15+ industry consultancies, including advisory for digital transformation and corporate governance.
Corporate Training and Consulting Solutions
- Technology Integration
- Example: Malaysia’s AI-driven Shariah compliance solutions.
- Adoption Plan: Introduce certifications in Islamic fintech and AI for finance professionals
- Sustainability and Green Finance
- Example: GCC countries’ emphasis on Green Sukuk.
- Adoption Plan: Develop a Green Sukuk awareness and training program for Pakistani and the GCC market.
- Microfinance and Inclusion
- Example: Indonesia’s Islamic microfinance for SMEs.
- Adoption Plan: Partner with Islamic Microfinance Institutions/NGOs to offer microfinance solutions for Halal businesses.
- Islamic Finance Consultancy
- Example: ISRA Consulting, INCEIF University, Malaysia
- Adoption Plan: Offer consulting services to Islamic financial institutions and corporates related to corporate governance, product development, conversion etc.
Key Performance Indicators (KPIs)
Objective | KPI | Timeline |
Launch certifications/diplomas | 2 programs with 50+ enrolments each | Year 1–2 |
Establish Islamic Incubation Section under CIBF | Support 5 to 10 start-ups annually | Year 3–5 |
Research Publications | 5+ papers/book chapters annually | Annually |
Host International Conferences on Islamic Banking & Finance | 500+ attendees from 25+ countries | Annually |
Industry Consultancies | 8+ consultancies provided annually | Year 1–5 |
Launch MS & PhD in Islamic Banking & Finance | 2 programs with 20+ enrolments | Year 4-5 |
Projected Financials (PKR in Millions)
Revenue Category | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
Diplomas/certification fee | 15.00 | 16.00 | 17.50 | 18.50 | 20.00 |
Corporate Trainings fee | 5.00 | 7.00 | 10.00 | 12.00 | 15.00 |
Event Sponsorships | 15.00 | 20.00 | 22.00 | 24.00 | 25.00 |
BS Program fee | – | – | – | 3.00 | 5.00 |
MS & PhD Programs fee | – | – | – | – | 3.00 |
Consultancy fee | 5.00 | 6.00 | 7.00 | 8.00 | 10.00 |
Research grant | 10.00 | 15.00 | 20.00 | 25.00 | 30.00 |
Total Revenue | 50.00 | 59.00 | 76.50 | 90.50 | 108.00 |
| Expense Category | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| Faculty & Staff Salaries | 12.00 | 13.50 | 15.00 | 16.00 | 17.00 |
| Certifications & Training | 3.00 | 4.00 | 5.00 | 6.00 | 7.00 |
| Conferences & Workshops | 10.00 | 12.50 | 13.00 | 14.00 | 15.00 |
| Research Initiatives | 3.00 | 4.00 | 5.00 | 6.00 | 7.00 |
| Marketing & Outreach | 3.00 | 3.50 | 4.00 | 4.50 | 5.00 |
| Total Expenses | 31.00 | 37.50 | 42.00 | 45.50 | 51.00 |
| Net Income | 19.00 | 21.50 | 34.50 | 45.00 | 57.00 |
Conclusion
This five-year strategic plan positions CIBF as a leading Centre in Islamic Banking, Finance and Shariah Compliant business. By leveraging partnerships, fostering innovation, and addressing real-world industry challenges, CIBF will drive growth and sustainability in alignment with global best practices and result in revenue generation for IoBM.
