CON

TENTS
1. Introduction
1.1Analysing training program0-11
1.2. Componentof training
1.3. Method of training
2.Marerial of training
2.1(I). Islamic banking group Ijarah
2.2Use of Ijarah
2.3Types of Ijarah
General guide line of Ijarah finance
Ijarah documentations
Murabaha finance
Features of Murabaha finance
Training analysis report

HISTORY
The Bank started out in Lahore by the name Australasia Bank before independence in 1942; and
became Allied Bank of Pakistan in 1974.In August 2004, because of capital reconstruction, the
Banks ownership was transferred to a consortium comprising Ibrahim Group; therefore, it was
renamed as Allied Bank Limited in 2005.Today, with its existence of over 70 years, the Bank has
built itself a foundation with a strong equity, assets and deposit base. It offers universal banking
services, while placing major emphasis on retail banking. The Bank has a large network of over
830 online branches in Pakistan and offers various technology-based products and services to its
diverse clientele.

EXECUTIVE SUMMARY
BOARD OF DIRECTORS
Mohammad Naeem Mukhtar
Chairman / Non Executive Sponsor Director
He is Chairman of the Board of Allied Bank since 2004. He has done his MBA from Cardiff
Business School U.K., Post Graduate diploma in Textiles from U.K. and Chartered Textile
Engineer (CText ATI) from The Textile Institute in Manchester, U.K. He has 27 years of
experience of Finance and Industry. Besides Chairman of Board of Directors of Allied Bank, he
is also the Chief Executive Officer of M/s Ibrahim Fibres Limited, Director of M/s Ibrahim
Agencies (Pvt.) Limited and Pakistan Business Council and Member Board of Governors of
National Management Foundation, the parent body of Lahore University of Management
Sciences (LUMS).

Sheikh Mukhtar Ahmad

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Non Executive Sponsor Director

He had started his business career immediately after migrating from India at the time of
Independence of Pakistan in 1947 and contributed to the industrial and business growth of
Pakistan through his entrepreneurship skills and business acumen. He has over 51 years of
experience in establishing and successfully managing various industrial and financial companies.
He has been on the Board of Directors of Allied Bank Limited since 2005 and is a Certified
Director from Pakistan Institute of Corporate Governance. He is also Chairman of the Board of
Directors of M/s Ibrahim Fibres Limited, Ibrahim Agencies (Pvt.) Limited and ABL Asset
Management Company Limited.

Muhammad Waseem Mukhtar

Non Executive Sponsor Director
He holds Masters degree in Total Quality Management (TQM) from University of Glamorgan,
Wales, U.K., and has diversified 15 years of experience of Finance, IT and Industry. His strategic
guidance played a vital role in technological up-gradation of the Bank. He has been on the Board
of Directors of Allied Bank Limited since 2004 and is a Certified Director from Pakistan
Institute of Corporate Governance. He is also a Director on the Boards of M/s Ibrahim Fibres
Limited, Ibrahim Agencies (Pvt.) Limited, ABL Asset Management Company and Arabian Sea
Country Club.

Abdul Aziz Khan

Independent Director
He has enriched and diversified experience of more than 49 years in the fields of General
Banking, Credit, Lease Finance, Business Development and Administration including 9 years
international banking holding key positions in different countries including Switzerland. He is
on the Board of Allied Bank Limited since 2004.

Mubashir A. Akhtar
Independent Director
He is a law graduate and has 46 years of banking experience in local and international markets.
His extensive international banking experience includes key assignments in Turkey, Qatar and
UK. He is a Financial Consultant of Asian Development Bank (ADB) and remained actively
involved in various assignments of ADB especially on capital markets development and reforms
of NBFIs in Pakistan.
He has been on the Board of Directors of Allied Bank Limited since 2006 and is a Certified
Director from Pakistan Institute of Corporate Governance.

Pervaiz Iqbal Butt

Independent Director
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He is an Electrical Engineer and has 43 years of experience in marine engineering and other
heavy industries. His extensive and diversified exposure of Industrial Management effectively
compliments the decision making process at the board level.
He has been on the Board of Directors of Allied Bank Limited since 2007 and is a Certified
Director from Pakistan Institute of Corporate Governance.
A. Akbar

Sharifzada

Government Nominee Director

He has 26 years Civil Service career in the Government of Pakistan and has remained posted in
different ministries gaining wide ranging policy making and administrative experience. Presently
he is a Joint Secretary and functioning as Special Assistant to the Federal Finance Minister. He
holds a Masters degree in English Literature and Economics. He has also attended multiple
courses within the country and abroad.
He has been nominated as Director on the Board of Allied Bank Limited by the Government of
Pakistan since January 2012.

Sheikh Jalees Ahmed

Executive Director
He has more than 37 years of diverse experience in the fields of Financial and Industrial
Management. Allied Bank benefits from his professional expertise particularly in the areas of
strategic and financial planning, systems and controls and Human Resource Management.
He has been on the Board of Directors of Allied Bank Limited since 2004 and is a Certified
Director from Pakistan Institute of Corporate Governance.

Khalid Ahmed Sherwani

Chief Executive Officer
He is a seasoned professional with management experience of over 40 years in the areas of
operations, finance, marketing, and information technology within the financial services
industry. His track record includes restructuring UBL during 1996-2000, restructuring and
recapitalization of ABL during 2000-04 and leading its turnaround during 2004-07.
He holds a Masters degree from the University of Karachi and is a Certified Director from
Pakistan Institute of Corporate Governance. During his career, he has worked in top
management positions as Senior Executive Vice President/President, UBL and Managing
Director HBFC, Administrator IIBL and President / CEO ABL.
He joined ABL in June, 2010 after having served earlier in the same capacity for 7 years. He
currently also serves on the Boards of Directors of Habib Allied International Bank U.K., ABL
Asset Management Company Limited, 1 link Guarantee Limited and the Cancer Foundation.

THE MANAGEMENT
Khalid A. Sherwani
Chief Executive Officer
He is a seasoned banker with over 40 years of experience. He earlier served Allied Bank as CEO
for two successive terms from 2000 to 2007 before reappointment in June 2010 and played a key
role in the turnaround of the bank since its restructuring in 2004. Before joining Allied Bank he
was associated with United Bank Limited as CEO and House Building Finance Corporation as a
Managing Director.

Sheikh Jalees Ahmed

Executive Director, Strategic Planning
He joined Allied Banks Board in 2004 and has more than 36 years of diverse experience in the
fields of Financial and Industrial management. He has completed Board Development Series
Certificate Program from Pakistan Institute of Corporate Governance and is a Certified
Director. Allied Bank benefits from his professional expertise particularly in the areas of
strategic and financial planning, systems and controls and HR management.

Zia Ijaz
Chief Banking Services
Zia Ijaz has over 20 years of diversified experience in the areas of accountancy, financial
management and Commercial & Retail Banking in domestic & international markets. He has
held numerous Senior Management positions during his career, including Chief Financial Officer
of ABL, and Group Chief Commercial and Retail Banking Group. Mr. Zia Ijaz is also a
Fellow Member of the Institute of Chartered Accountants of Pakistan and CPA from AICPA,
USA.

Muhammad Jawaid Iqbal

Chief Corporate and Investment Banking
Mr. Iqbal is a Chartered Financial Analyst and holds a Masters in Business Administration
degree with extensive experience in the field of Corporate & Investment Banking. Allied Bank is
one of the leading corporate and investment banks in the country. The Corporate & Investment
Banking Group has been the recipient of numerous awards conferred by locally and
internationally recognized institutions.

Muhammad Shahzad Sadiq

Chief Risk Officer
He is a fellow member of the Institute of Chartered Accountants of Pakistan. He possesses vast
& diversified experience of having worked for more than 20 years in multinational and local
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banks as well as in leading industrial organizations of Pakistan. While working with various
institutions he held the key positions like Chief Financial Officer, Head of Planning & Corporate
Affairs, Head of Credit & Marketing besides representing his institution on the Board of
Directors of various companies as nominee director.

Tahir Hassan Qureshi

Chief Financial Officer
He is a fellow member of the Institute of Chartered Accountants of Pakistan. He has diversified
experience of more than 21 years including over 17 years of experience in the banking industry
where he has held senior management positions in Finance, Taxation and Corporate Affairs in
HBL, MCB and BOP. He is also a member of the Institute of Chartered Accountants of Pakistan
on Banking Committee and Pakistan Banking Associations subcommittee on Accounting and
Taxation. He took up the assignment of the Chief Financial Officer at Allied Bank in October
2008.
Chief Human Resource

Shafique Ahmed Uqaili

He joined the bank in year 2006. He is a seasoned HR specialist having multi-faceted national
and international professional work experience in a wide variety of HR functions for over 26
years in different business sectors, including commercial banking, non banking financial
institutions, pharmaceuticals industry and retail/consumer businesses. He has a bachelors degree
in engineering, a masters degree in computer science and business administration with
specialization in human resource management.

Khawaja Mohammad Almas

Chief Commercial and Retail Banking
He commenced his professional career with Allied Bank in 1983 and has 29 years of banking
experience to his credit in key slots in Business as well as Supporting Groups. He completed
MBA from IBA, Punjab University in 1982 and professional qualification (DAIBP) in the year
1986. He has participated in numerous domestic and International conferences and represented
Allied Bank as trainer on different forums within Pakistan and internationally. Hes currently
serving the bank as Group Chief of the Commercial & Retail Banking Group, ABL.

Fareed Vardag
Chief Audit
He is a seasoned banker having more than 26 years of extensive experience in the areas of trade
finance, corporate banking and risk management with distinguished international and domestic
banking institutions. He joined Allied Bank in March 2005 as Chief Risk Officer and
successfully revamped the critical function of Risk Management in line with modern best
practices. As part of Allied Banks human capital development strategy, Group Chiefs are rotated
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on an on-going basis across various groups to broaden their exposure and in August 2011 Mr.
Fareed Vardag was therefore transferred as Group Chief of Audit & Risk Review. This change
augmented the Banks audit function inducing a new perspective and vigor.

Abdul Hafeez Butt

Chief Compliance
Hafeez But has been instrumental in helping teams successfully achieve objectives in the field of
Risk Management and Banking Operations. Under his leadership, projects such as centralization
of Trade Factory and Business Process Re-engineering have been successfully completed. He
has over 40 years of experience in both local and foreign banks with a record of meeting and
achieving targets. He has been directly involved in improving ABLs branch Banking Operations
and Risk Management Function. He holds a Masters degree in Business Administration.
Considering his multi-faceted experience in banking, he has been assigned the responsibility to
head Compliance Group in August 2011.

Mohammad Abbas Sheikh

Chief Islamic Banking
Mohammad Abbas Sheikh possesses diversified experience of 25 years in the local and
international banking industry. During last 12 years, he successfully headed Remedial Asset
Groups of two large Banks of the country and settled numerous old and chronic defaulters
accounts. Mr. Abbas also took up the assignment of Group Chief Special Assets Management,
ABL and headed the group for 8 years. He currently holds the position of Chief, Islamic
Banking, Allied Bank.

Muhammad Raffat
Company Secretary
He has a long association with Allied Bank spread over 30 years and has remained posted in
various banking areas during his career. His qualification includes DAIBP, M.A. and LL.B. He
has been appointed as Company Secretary of the Bank in April 2010 and looks after Corporate
Affairs Group.

Mujahid Ali
Chief Information Technology
He joined Allied Bank in 2008 as Group Chief Information Technology and possesses over 20
years experience in the area of IT Planning & Development, Project Management & Systems
Implementation. Prior to joining Allied Bank, Mr. Mujahid was heading the IT Department at
Ibrahim Group. He has to his credit the successful implementation of various IT projects during
his extensive career. Currently he has been mandated with the task of implementing T-24 at
Allied Bank, the state of the art core banking application and host of other IT initiatives aimed at
enhancing customers experience and banks operational efficiency.

Saif Ul Islam
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Chief Special Assets Management

He is a seasoned banker having more than 35 years of diversified experience in the banking
industry. He is an Associate of Institute of Bankers, Pakistan and holder of distinction in
Banking Law & Practice. He joined Allied Bank in 2006 as Group Head- CRBG North and
served in the same position at Central-1. He has attended numerous courses/seminars in Pakistan
and abroad on different issues confronting Banking and Finance.

Tariq Mahmood
Chief Banking Systems Implementation
He was heading the Operations Group at Allied Bank since January 2007. He has a vast banking
experience of 39 years in senior positions covering areas of Retail Banking, Foreign Trade,
Operations and Credit while associated with major commercial banks. He has served with Askari
Bank Ltd., as a member of pioneer team, prior to joining Allied Bank, with demonstrated record
of developing business, processes and branch network.

BOARD OF COMMITTEE
Audit Committee of Board
Constitution:
Mubashir A. Akhtar (Chairman)
Pervaiz Iqbal Butt
A. Akbar Sharifzada

Terms of Reference:
Primary responsibilities of the Audit Committee of Board (ACOB) are to determine
appropriateness of measures taken by the Management to safeguard Banks assets, ensure
consistency of accounting policies, review financial statements and recommend appointment of
the external auditors and close coordination with them to fulfill statutory and Code of Corporate
Governance requirements. ACOB is inter-alia responsible to ascertain the effectiveness of the
Internal Control System including financial and operational controls, ensuring adequate and
effective accounting and reporting structure and monitoring compliance with the best practices
of the corporate governance. The other function of ACOB includes assurance that an
independent and effective internal audit function is in place.

Board Risk Management Committee

Constitution:
Sheikh Mukhtar Ahmad (Chairman)
Muhammad Waseem Mukhtar
Abdul Aziz Khan
Khalid A. Sherwani
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Terms of Reference:
The primary functions of Board Risk Management Committee (BRMC) are the monitoring of
Managements adherence to prudent and sound risk policies, assessing the ever changing risk
profile and providing risk appetite to the business units. It also ensures development of risk
management principles to build stakeholders confidence, safeguard and enhance reputation.
BRMC also monitors quality of asset portfolio and suggest measures to keep the infected
portfolio at the minimum level. BRMC approves risk limits for credit, market and operational
risks, credit approval grid and proposals regarding write-offs above certain limits. Overseeing of
certain management committees and groups is also undertaken by the BRMC. It also monitors
the initiatives pertaining to Basel requirements and up gradation of Risk Management Systems.

E-Vision Committee
Constitution:
Mohammad Naeem Mukhtar (Chairman)
Muhammad Waseem Mukhtar
Mubashir A. Akhtar
Khalid A. Sherwani

Terms of Reference:
One of the key missions of the e-Vision Committee is to provide strategic direction for ebanking and adoption of evolving technologies. Review of strategic plans to improve IT
infrastructure and automation of processes and systems including alternate delivery channels are
also with in the scope of the responsibilities of the e-Vision Committee. The Committee provides
assistance to the Board with insights regarding adoption of international developments in the
field of e-banking keeping in view of the domestic requirements. It also oversees performance of
Information Technology Group and Business Systems & Implementation Group.

Strategic Planning & Monitoring Committee

Constitution:
Muhammad Waseem Mukhtar (Chairman)
Sheikh Jalees Ahmed
Abdul Aziz Khan
Khalid A. Sherwani

Terms of Reference:
The Strategic Planning and Monitoring Committee are responsible to review long term strategic
plan, operational plan and budget of the Bank before their consideration by the Board. The
Committee also monitors progress against above referred plans and budget and is also
responsible to approve capital expenditure over Rs. 10 Million and donations of over Rs. 1
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Million to Rs. 10 Million. The Committee also assists the Board on corporate development
activities and new initiatives including acquisitions, mergers, alliances, joint ventures and
divestitures etc.
Besides overseeing certain management committees and groups, the Committee also approves
filing of legal suits and criminal complaints involving significant amounts.

Human Capital Committee

Constitution:
Abdul Aziz Khan (Chairman)
Muhammad Waseem Mukhtar
Pervaiz Iqbal Butt
Khalid A. Sherwani

Terms

of Reference:

The Committee defines the organizational structure and functional responsibilities of each group.
It approves staff strength, special allowances / facilities not admissible under normal rules. It
recommends to the Board, the selection, evaluation, compensation of the key management
positions. It nominates the management personnel on the boards of other companies subsidiaries.
It also recommends amendments in Human Resource Management Policies to the Board, besides
monitoring performance of Human Resources Group.

Training Need Assessment

Mostly banks are introducing Islamic banking so our organization analysis the need of
introducing the Islamic banking in our bank to competed their market and know STATE BANK
OF PAKISTAN also instructed every bank having at least 20% branches on Islamic banking. So
for this purpose we assess the need of training providing knowledge our employees about
Islamic banking.

2. ANALYZING

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TRAINING PROGRAM

2.1. Components

of Training Design

Training Title
Islamic Banking

Objective of Training
Learning section of Islamic assets promote to the Islamic banking

Lesson Plan
Introducing Islamic banking in ABL

Trainer
Rehan Aqeel (head of Islamic banking group)
2.2. METHODS

OF THE TRAINING

On The Job Training

Organization providing both the training on the job and off the job but. This training is providing
within the organization by this way organization can reducing the cost of training it is cost
effective for the employer because the person continues to work with learning.

Job Rotation
In which the organization shifting jobs to jobs are preplanned but some time are not planed
suddenly shifting the jobs at operational levels

Case Study
The case study providing in which class room for developing the oriented techniques the case
studies provided to trainees can study the management level behavioral concept and analysis.

Role Playing
In which class room played that roles for developing different techniques requiring the trainee
such as.
In which one person played the role of banker and one assumed as customer and given the task
to convincing the customer for came in the Islamic banking.
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Videos Presentations
Presenting the visuals aids in which delivering some important tips to the trainee they are much
important in which training.

Program Schedule
Training program starts during the normal working hour 09:00am to 5:00pm during program
also given lunch break 1:00pm to 2:00pm

Implementation
The most important part of the training after providing training management authority must be
cheek that how much effective outcomes are determine that. Training time is reduced when
compared to traditional off site learning.
2.3. MATERIAL
Providing the handouts to their trainee in which mention all the relevant material about training
so some contents are discussed below.

I.

ABL Islamic Banking Group Ijarah

Concept of Ijarah
In which bank purchase asset for their customers and given the asset to the customers on lease/
rent but the ownership is holding remain the bank until the customer paid the amount of this
asset for this purpose an agreement signed between the bank and customers.
The customer makes the periodic payments as per agreement then the title were transferred to
the customer.
Under shariah the correct way to charge rent is after delivery of the asset to the lessee. Because
rent is charged for the asset.

Use of Ijarah
Vehicle Finance
House Finance
Plant & Machinery Finance

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Types of Ijarah
Direct Ijarah &Sales and Lease Back Ijarah

General Guideline FOR Ijarah Finance

Following points should be of during the implementation of Ijarah financing
Description of the Ijarah assets
Determination of total asset
Timing of signing of lease agreement
Defining terms of lease agreement
Treatment of takaful premium
Timing of signing of undertaking to purchase
Signing of sale deed at the time of maturity
Signing of asset purchase agreement in SLB transaction
Checking encumbrance on Ijarah asset in SLB transaction
Recording of Ijarah assets

Ijarah Documentation
Letter of undertaking to lease
Letter of agency
Asset purchase agreement
Lease agreement
Undertaking to purchase leased assets
Insurance agency agreement
Demand promise note
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 Written request for purchase of assets

Sale deed
Gift deed

Conclusion
Ijarah can easily be used as mode of financing from customers point of view as its
operations are very similar to conventional lease.

MURABAHA FINANCE
The word Murabaha has been derived from the Arabic word Ribah which have literary
meaning of profit.

Feature of murabaha
Various model of murabaha finance
Securities of murabaha
Hypothecation of assets
Pledge of goods and marketable securities
Lien on deposit
Mortgage on immovable properties
Bank &Personal guarantees

Murabaha in foreign trade

Import and Export

TRAINING ANALYSIS REPORT

Purpose of the training to promoting Islamic banking under which the Islamic roles.

Training out comes

We are analysis training outcomes by different positions
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Skills based outcomes

In which training providing the some technical and observational trainings as such given the
case studies to read that and determine the possible suggestions as at managerial level some
roles are playing by these activities enhancing knowledge to their employees. And also used
visuals aids in which given some tips for promoting the Islamic banking.

Effectiveness
In this training also providing the good environment to their trainees so they are effectively
learn the training program lunch break provide and in which best food served that.

Results
We are analysis organization capturing those population of Pakistan who are not interesting
to depositing own amounts in banks for the reason of that interest factors are involved in
overall banking so by this way of Islamic banking developing interest those people who are
avoid to used the banking in their businesses. Management can evaluated the return on
investment by many ways such as customers feedback and performance of branches.

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