Message From
The Leadership
Message From The President & Patron of The Conference
It is with immense pleasure and a profound sense of responsibility that I welcome you to the 9th International Conference on Islamic Banking & Finance (ICIBF-2025). This compilation represents the intellectual bedrock of what promises to be a landmark event in the global Islamic finance calendar.
Under the pioneering theme, “Islamic Finance 5.0: Embracing Technology, Sustainability, and Ethical Excellence,” this conference arrives at a critical juncture. The global financial landscape is being reshaped by digital disruption, a pressing need for sustainable practices, and a growing consumer demand for transparency and ethics. Islamic finance, with its inherent principles rooted in risk-sharing, social justice, and real economic activity, is uniquely positioned to lead this transformation.
The insightful research, innovative ideas, and critical analyses contained a testament to the vibrant scholarship and forward-thinking praxis that define our field. We are deeply grateful to the global community of academics, researchers, and practitioners who have contributed their valuable work. Their dedication is crucial for charting a course towards a financial ecosystem that is not only profitable but also inclusive, resilient, and morally grounded.
This prestigious gathering would not be possible without the steadfast support of our esteemed partners. We extend our sincere gratitude to our Conference Partner, Cambridge IFA; our Regulatory Partners, including the State Bank of Pakistan (SBP), SECP, HEC, and FPCCI; and our distinguished Knowledge Partners, BIBF Bahrain, INCEIF Malaysia, and La Trobe University Australia, among others. Their collaboration underscores the collective commitment to advancing the frontiers of Islamic finance.
As the host institution, the Institute of Business Management (IOBM) remains dedicated to fostering an environment where academia, industry, and regulation converge to create meaningful impact. We are confident that the dialogues ignited at ICIBF-2025 will catalyze actionable strategies and forge powerful alliances for the future.
Talib Karim
President
Institute of Business Management (IoBM)
Message From The CVP, FHE & Chief Advisor, IoBM
As we stand at the crossroads of a technological revolution and an urgent global sustainability imperative, the importance of ethical finance has never been more profound. The 9th International Conference on Islamic Business and Finance (ICIBF), themed “Islamic Finance 5.0: Embracing Technology, Sustainability, and Ethical Excellence,” emerges as a pivotal platform for thought leadership, collaboration, and innovation within the global Islamic finance ecosystem.
In an era defined by rapid digital transformation, evolving societal values, and increasing environmental consciousness, Islamic finance is uniquely positioned to bridge the gap between profitability and purpose. Uniting visionary minds from academia, regulation, and industry, this conference is dedicated to a singular mission: exploring how Shariah-compliant finance will guide and ground the next generation of financial innovation, ensuring it is built for resilience, inclusion, and ethical excellence.
We extend our sincere appreciation to our esteemed partners, Cambridge IFA, the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan (SECP), and our international knowledge collaborators for their steadfast support and commitment to advancing the frontiers of Islamic finance. Their continued engagement underscores the importance of collective effort in shaping a future where finance serves humanity and the planet.
Together, through dialogue, research, and collaboration, we reaffirm our shared mission: to chart a sustainable, inclusive, and technologically empowered future for global finance—one firmly anchored in the principles of integrity and ethical excellence.
Sabina Mohsin
VP, FHE & Chief Advisor, IoBM
Message From The Rector
The successful convening of the 9th International Conference on Islamic Banking and Finance (ICIBF-2025) stands as a testament to dedicated collaboration and teamwork. This prestigious event was made possible through the concerted efforts of the Faculty of the Department of Accounting and Finance, College of Business Management (CBM), at the Institute of Business Management (IoBM), in partnership with our valued local and international organizations. IoBM remains committed in its commitment to fostering platforms for academic discourse and knowledge exchange, and we are proud to leverage this opportunity to advance the field.
This year’s theme, “Islamic Finance 5.0: Embracing Technology, Sustainability and Ethical Excellence”, is critically aligned with the pressing economic and environmental challenges of our time. In an era defined by rapid technological advancement, we believe Islamic banking and finance present unique and principled solutions to drive both sustainable innovation and ethical growth.
We extend our profound gratitude to our distinguished keynote speakers, esteemed Shariah Advisors, and dedicated research scholars for their invaluable contributions. Special recognition is due to the tireless ICIBF organizing committee and the faculty members of CBM, who have generously dedicated their time and expertise beyond their regular duties to ensure the success of this international gathering. We also commend the students of the Department of Accounting and Finance for their unwavering enthusiasm and support.
Our deep appreciation goes to IoBM President, Mr. Talib S. Karim, and Chief Advisor, Ms. Sabina Mohsin, for their visionary leadership and unwavering support of this initiative.
It is our sincere hope that all participants find this conference to be a highly beneficial forum for learning, professional networking, and collaborative exchange. In conclusion, the ICIBF team extends its heartfelt thanks to every individual and organization contributing to this event.
We look forward to an inspiring, engaging, and fruitful conference.
Prof. Dr. Tariq Rahim Soomro
Rector, IoBM
Message From Dean CBM & Chair of The Conference
The 9th International Conference on Islamic Banking & Finance (ICIBF-2025) invites rigorous deliberation on the theme: “Islamic Finance 5.0: Embracing Technology, Sustainability, and Ethical Excellence.”
The contemporary financial landscape is undergoing a profound transformation, driven by accelerated digital innovation, evolving stakeholder demands, and a global imperative toward responsible and purposive financial intermediation. These converging dynamics necessitate a critical examination of a central query: How can technological innovation be leveraged to serve societal needs without compromising foundational ethical and moral principles?
Islamic finance offers a compelling, established paradigm to address this challenge. Founded upon principles of fairness, accountability, and shared prosperity, it provides a distinct financial framework that prioritizes tangible economic activity and real-sector impact over speculative practices. As technology continues to unlock unprecedented capabilities ranging from sophisticated digital platforms to advanced data analytics it is increasingly critical to ensure that progress remains firmly anchored in robust ethical frameworks. Efficiency gained through innovation must be ethically governed; thus, value-driven innovation is the pathway to achieving genuine and sustainable impact.
This conference serves as a vital nexus for substantive intellectual exchange. It convenes distinguished scholars, dedicated researchers, and seasoned industry professionals who are collectively charting the future trajectory of Islamic finance. The empirical research and theoretical contributions presented herein are poised not only to significantly enrich academic literature but also to decisively inform best practices within the industry and guide subsequent policy formulation. We are confident that the discourse generated within this forum will actively foster responsible innovation and stimulate impactful new collaborations.
I wish to express profound gratitude to the organizing committee, esteemed speakers, dedicated presenters, and all participants for their unwavering commitment and intellectual contributions. Your collective efforts establish this conference as a critical platform where innovative ideas transition into deep insights, and where these insights subsequently catalyze measurable progress.
Thank you for your valuable participation in ICIBF-2025.
Prof. Dr. Muhammad Kashif
Dean, College of Business Management (CBM)
Message From Director CIBF & Co-chair of The Conference
It is my immense honor to welcome you to the 9th International Conference on Islamic Banking & Finance (ICIBF-2025) and the 11th Islamic Retail Banking Awards (IRBA-2025), hosted by the Institute of Business Management (IoBM), Karachi, through its Centre for Islamic Business & Finance (CIBF), in collaboration with Cambridge IFA (UK).
Under the theme “Islamic Finance 5.0: Embracing Technology, Sustainability, and Ethical Excellence,” ICIBF-2025 will explore the future of Islamic finance in a world driven by innovation, digitalization, and ethical responsibility. Since 2017, ICIBF has grown into Pakistan’s premier platform for Islamic finance, attracting policymakers, regulators, central bank authorities, CEOs, Shariah scholars, and global thought leaders.
This year marks a historic milestone as IRBA-2025 comes to Pakistan for the first time, joining its previous editions in London, Dubai, Muscat, Jakarta, and Bahrain. The conference will host over 100 distinguished speakers and delegates from across the globe, presenting cutting-edge research and shaping discussions on fintech, sustainable finance, Takaful, Shariah governance, and risk management.
ICIBF-2025 will feature the launch of the Global Islamic Finance Report (GIFR-2025), international MoU signings, book launches, high-level panels, and the prestigious Islamic Retail Banking Awards.
This ambitious endeavor stands on the visionary guidance of our Rector and Dean CBM, the tireless dedication of our MARCOM and support teams, and the mentorship of our esteemed President, Mr. Talib S. Karim, and Madam Sabina Mohsin, VP, FHE & Chief Advisor, IoBM. Their steadfast support and encouragement have been instrumental in bringing this vision to life and making ICIBF-2025 a reality.
ICIBF-2025 is a living testament to IoBM’s leadership and CIBF’s unwavering commitment to advancing the financial industry, addressing emerging challenges, and promoting research, innovation, and ethical excellence. Looking forward, we remain dedicated to expanding this platform further, uniting global thought leaders, policymakers, and industry practitioners to propel the growth of Islamic finance in Pakistan and across the world.
I extend heartfelt gratitude to our partners, sponsors, speakers, and delegates. Together, we are not only shaping the future of Islamic finance in Pakistan but also setting new global benchmarks for excellence, collaboration, and innovation.
Prof. Dr. Imam Uddin
Co-chair , ICIBF-2025 & Director, CIBF
Institute of Business Management (IoBM), Karachi