Center for Islamic Economics & Finance

Ch. Abdul Khaliq

Proposed Strategic Plan

Introduction

 What is CAKCIEF?

CAKCIEF is a modern Research Based Educational and propagation center, which

offers a wide range of Shari’ah Compliant Training Programs & Educational Courses
to all kinds of professionals including Businessmen, Economists, Financial
Institutions, Business Organizations, Bank Officials, Religious Scholars and
University Students with a purpose to train them with a purpose to promote Islamic
Values and develop a committed Islamic service culture with highest quality service
parameter in our society.

CAKCIEF will organize workshops, conferences, seminars and lectures on different

subjects and topics to give a complete Islamic awareness to the audience to meet
the existing challenges of global business market.

This Center, under the able guidance of duly qualified and experienced Faculty,
Professional & Islamic Scholars, has been imparting instructions & courses with the
combination of worldly & religious education. Encouraged by the success of the
aforesaid and being desirous of disseminating more and more of divine knowledge of
advanced practical level to the post master level, so that the same permeates down
to the root level, CAKCIEF has been conducting courses in the subjects of Islamic
Banking, Finance, Economics, Accounting & Trade.
Existing Competitors

 Hira Foundation (CIE, Darul Uloom, Karachi)

 LUMS (CIF)

 COMSATS (CAIE)

 UMT (IIB)

 Alhuda Foundation (CIBE)

 At Tijarah (ACIE)

 Minhaj University (ICRIE)

 Comparative Analysis
Hira Foundation
Centre Academics /Trainings Consultancy Services Advisory Board

Center of Degrees and Short Consultancy to Does not Exist

Islamic Courses/Diploma: facilitate others in
Economic business and financial
(CIE),  Masters: MBA 2 matters
yrs.
(Jamia Darul  Diploma: PGD IB
uloom Certification: IB
Karachi)  Workshop
Islamic Finance
Institutions by
FAA
 Specialized
Course on ITF
 Executive
Development
Programs on IB
& Takaful (Sharia
Scholars)
 Sharia Audits &
Compliance
Framework for
IFI,s
 IBF For
bureaucrats
 LUMS
Centre Academics /Trainings Consultancy Advisory Board
Services
Center for Degree Programs were No Does not Exist
Islamic not available Consultancy Exists
Finance
Research Paper
(CIF) Publications & Working
Continued
Collaboration
with IBA and  IFBEE
International Conference from
Center of last 3 years
Education in ( 2016 – 2019)
Islamic  Seminars:
Finance Islamic
Microfinance, An
inquiry of
Systematic Risks
of Islam and
Conventional
sectors.
 COMSATS
Centre Academics /Trainings Consultancy Advisory Board
Services
Centre for Short/certificate Courses: Shariah Solution Advisory Services
Advanced Providers: for any Islamic
Islamic Islamic Financial
Economics Banking/Finance /micro Issue Fatawas or Institution:
(CAIE) Finance/Takaful. Religious Decree on all
Financial Matters Setting up Shariah
Sub Centers: Post Graduate Diploma : Audit Department
Islamic Banking, Islamic Shariah Compliant IT
Centre for Capital, Markets, Islamic solutions. Development of
Business Micro Finance and Shariah Audit
Shariah Takaful Manual
Compliance
Degree Courses: Procedure for
Centre for Halal Shariah Audit
& Research Islamic Banking/Finance Review
(FOOD). & Economics
Vetting of all
On-line Courses:  Contractual
Documents for
Islamic Banking & Shariah
Finance. Compliance

Development of syllabi: For Banking ERP

Schools, colleges and

universities for the
Islamic Finance &
Economics disciplines.

Teaching and Research

Assistance

Training of
staff/employees.

Train the Trainer

Risks of Islam and

Conventional sectors.
 UMT
Centre Academics /Trainings Consultancy Advisory Board
Services
IIB (Institute of BS. Islamic Banking & Does not Exist IIB Centre for
Islamic finance Executive
Banking) Development :
MS. Islamic Banking &
Sub Centre: IIB Finance Certified Bankers
Centre for
Executive MS in Islamic Economics Certified Shariah
Development Auditors
PHD. In Islamic banking
& Finance Certifications

Seminars

Global Conference from

last 3 years (2016-2018)
 Alhuda Foundation
Centre Academics /Trainings Consultancy Advisory Board
Services
Alhuda Centre Distance Courses: Consultancy: Shariah Advisory
of Islamic Board
Banking & Executive Diploma in Islamic Takaful
economics Banking & Finance (12 Consultancy Wing
months)
Other Brands:
Certified Takaful Professional
True Banking (06 Months)
Magazine
Certified Sukuk Professionals
Halal Research (06 Months)
Council
Certified Islamic Microfinance
Centre of Manager (04 Months)
Excellence in
Islamic Certified Islamic Fund
Microfinance Manager (04 Months)
(CEIMF)

Takaful
Consultancy
Wing

Sukuk
Research
Portal

Alhuda Takaful
Management
system

Islamic
Microfinance
News

Strategic
Partners: 32

International
Collaborations :
 2

Attijarah
Centre Academics Consultancy Advisory Board
/Trainings Services
Attijarah Center Diplomas & Short Shariah Consultancy: Does not Exist
of Islamic Courses:
economics Spec. Course Design
PGD in Islamic
Economics Islamic Magazine

Disseminations & Product Development &

Awareness of Islamic engineering
Economic
commandments
workshop

Online course 3 Months

Certifications in Shariah
standards

3 Months certificate in
Islamic Banking and
Finance

2 Days training Shariah

Compliance & Shariah
Audit of Islamic Modes
 Minhaj University

Centre Academics Consultancy Advisory Board

/Trainings Services
International Centre of Research Platform Does not Exist
Research in Islamic
Economics (ICRIE) BBA in IBF

What makes us Superior?

 Vision

 Involvement of Islamic Madaris

 Highly Shari’ah Compliant

 Curr.Development

 Training Courses

 Prod. Development

 Produce Future Islamic Business Leaders

 Renowned Islamic Scholars / Muftis

 International Associations

SWOT ANALYSIS

Strengths  Weakness

Brand Name of Superior New In Market

Panel of renowned Islamic Scholars Non Availability of Resources &

& Experts Funds

Portfolio of Diverse Services Absence of experts of Qualified

Faculty & Islamic Jurists
Experienced Leadership with
Practical Exposure Physical Infrastructure

International Associations of The

Superior Group

Access to Potential Customers

(Superior students & Faculty)

Opportunities Threats

International Associations Negative Mindset

Growth Of Islamic Banking Strong Competitors like COMSATS,

Phenomenon
Vacuum / Absence Of Trained
Professionals
High Potential Market in term of
demand for Professional HR
UMT & Hira Foundation (Jamia
Darul Uloom Karachi)
Lack of Awareness about Islamic
Concepts
Conflicts of different school of

(State Bank Demand: 3000/yr.

Thoughts
Supply: 500/yr.)
VISION

“Riba free-A Socio Economic Welfare Based Pakistan”

To facilitate and implement an equitable Economic System and provide a strong

Islamic foundation for establishing a Fair, Just & Interest Free Society for Mankind.

Mission

CAKCIEF will trace, track and uproot the Riba from the existing Economic &
Financial System and will reconstruct this system on foundation laid in Islam.

To redefine the frontiers of Islamic Economics, Islamic Trade, Islamic Banking &
Finances with revolutionary programs and defining new products and services within
the boundaries of Shariah, with extensive Human Resource Training and
Development that fulfill all Economic, Trade and Banking needs of the national and
international Business Market.
 Core Values

Divine Path

Facilitation
Team Work
Core Values

Collaborations
Goals
 To produce dedicated & fully Shariah Compliant future Islamic Business
Leaders, Economists, Managers, Education Professionals and Researchers
for the country.
 To trace, track and uproot the Riba from the existing Economic System and
will reconstruct this system on foundation laid in Islam.  
 To redefine the frontiers of Islamic Economics, Islamic Trade, Islamic Banking
& Finances with revolutionary programs and defining new products and
services within the boundaries of Shariah and with extensive Human
Resource Training and Development programs that fulfill all Economics,
Trade and Banking needs of the national and international business market.
 To promote Islamic values and develop a committed Islamic service culture
with highest quality service parameters in our society

Goals
 Future Islamic Business Leaders and Economists
 Eradicate Riba from our Existing Economic System
 Shari’ah Compliant Training Programs for HR & Development
 Produce Task Force as Change Agents
 Promote Islamic Values and Islamic Culture
 Design/Produce and Implement Riba Free Educational System
 Road Map

Time Span - 1-3 yrs Time Span- 4-6 Yrs Time Span-
6-10yrs

Phase I Phase II Phase III

Preparation Mobilization Impact 10 Years Goal

What: Influence in the Society Impact in the Riba Free & Socio
To Prepare Change Force in thru Training, Products Society Economic Welfare
each segment of society, who Development, Consultancy Based Pakistan
can stand and work for the and networking
mission of Riba Free (15%-20%)
Economy.
Preparation of Task Force
 Why? – To convert one mission in to Reality
 How? – Identify all segment who will help to convert Pakistan
into RIBA Free Pakistan

Targeted Segments:

 Finance

 Agriculture

 Business Community

 Industrialist

 Services

 Education

 Regulatory Bodies

 Law Enforcement Agencies

Preparation Campaign
 Task/Change Force

Phases - I:

 First 2-3 years – (Only penetration in the society through)

 Internal Preparation (Build a Strong Team)

 Awareness to Society (TV Channel, Newspaper, Banners and Flyers)

 Education to Students, Faculty & Society (Degree Programs)

 Curriculum Designing for Educational Organizations (Superior Uni & Others)

 Certification Programs (Short Courses, Refresher Courses, Training

Programs)

 Conferences (National & International)

 Executive Education (Corporate Bodies)

 Programs for Government Bodies

 Programs for Regulatory Bodies (HEC and Ministry of Education)

 Industry Linkages (Converting Businesses into Shari’ah Based System)

 Road Map (1-3 Years)

Training Out
Education
Awareness Research & Reach &
Develop Engagem
ment ent