Raqami Islamic Digital Bank, IBA CEIF Launch Diploma in Islamic Digital Banking

Raqami Islamic Digital Bank (RIDBL) and the IBA Centre for Excellence in Islamic Finance (CEIF) have collaborated to launch a new Diploma in Islamic Digital Banking. The program aims to develop specialized knowledge and practical understanding of Islamic finance within the rapidly changing digital banking landscape. This collaboration combines RIDBL's expertise in digital banking with CEIF's academic and professional knowledge in Islamic finance.

The joint development of the course structure, curriculum, faculty selection and overall program planning ensures alignment with IBA's academic requirements. The diploma program covers key areas relevant to Islamic digital banking, such as the intersection of Shariah-compliant finance, technology, and modern banking practices. The initiative highlights the growing importance of specialized professional education as Pakistan's financial sector embraces digital transformation and expands access to Shariah-compliant financial solutions.

Prominent figures from the Islamic banking, financial services, and academic sectors participated in the launch event, including Dr. Mufti Muhammad Imran Ashraf Usmani, Chairman of RIDBL's Shariah Board, and Irfan Siddiqui, former President and CEO of Meezan Bank. Dr. Usmani emphasized that the program represents an important step in strengthening professional understanding of Islamic finance in the context of digital banking.

Umair Aijaz, CEO of RIDBL, stated that the partnership reflects the company's commitment to contributing to the development of knowledge and expertise in Islamic digital banking. Dr. Irum Saba, Director of CEIF, noted that the diploma will provide participants with an opportunity to develop specialized knowledge in an emerging area of the financial sector, given the rapid digital transformation and expansion of Islamic finance into new areas.

The 80-hour diploma program will be jointly promoted and launched by both organizations, aligning with IBA requirements and fostering professional capacity and knowledge-sharing in Islamic digital finance.