The Center for Excellence in Islamic Finance (CEIF) is collaboratively established by the Institute of Management Sciences, Peshawar, State Bank of Pakistan, and the UK’s Department for International Development (DFID) to spur financial inclusion in Pakistan.
The strategy of the CEIF is designed on threefold orientations namely academia, research, and industry efforts to boost-up Islamic finance and financial inclusion through it. The CEIF provides a long-term and sustained platform through which the educationalists, researchers, and practitioners alike take benefit to holistically advance the Islamic Finance and hence the financial inclusion of society.
The CEIF is established through a highly competitive process started in January 2015. The Federal Finance Minister Pakistan, the Governor State Bank of Pakistan, and the Chairman Higher Education Commission have jointly invited the VCs of Universities in Pakistan to submit proposals for the establishment of the centers. After multiple stages, competitive evaluations and presentations IMScineces is awarded the Financial innovation challenge fund to establish the CEIF, alongside LUMS and IBA, the two other leading business schools in the country. Since, then CEIF IMSciences became the country’s largest Islamic finance education provider, offering PhD, MBA, and PGD in Islamic finance. CEIF has also produced cutting-edge research and industry impact in collaboration with the world leading resource centers such as Durham Center for Islamic Finance, IRTI, Islamic Development Bank, Brunel University UK, and All Islamic Banks in the Country”