Faculty Achievement Faculty Achievements

Faculty Achievement

Recognition
IBA faculty appointed as the International Chapter representative of the Chartered Institute of Islamic Finance Professionals

The IBA Karachi is pleased to announce that Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, has now been appointed as the International Chapter representative of Chartered Institute of Islamic Finance Professionals (CIIF) for Pakistan. She will be leading the efforts to establish the Pakistan chapter in the country.


Recognition
IBA faculty becomes first Pakistani female to join iPORTAL

The IBA Karachi is pleased to announce that Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, has joined the iPORTAL advisory board. The appointment makes her the first Pakistani female to join this auspicious board. The advisory board comprises of well-known international advisors who have unmatched calibre in multiple fields (https://www.iportal.live/en/advisories).

iPORTAL is an Islamic economy knowledge portal with the vision to connect ambition to knowledge and propel innovation. The mission is to build and expand channels to Islamic economy with a value system marked by absolute integrity, pursuit of excellence and adherence to responsibilities.


Published Works
IBA faculty co-authors paper for noted Islamic finance journal

Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, IBA Karachi, has published a research paper titled Performance of Shari'ah-compliant and non-Shari'ah-compliant listed firms: a case study of Malaysia in the Emerald's International Journal of Islamic and Middle Eastern Finance and Management (IJIMEFM). The research paper is co-authored by Prof. Dr. Mohamed Ariff and Dr. Eskandar Shah, INCEIF, Malaysia.

IJIMEFM is abstracted and indexed by EBSCO, Web of Science Social Sciences Citation Index (SSCI) and ranked by the Australian Business Deans Council (ABDC) Journal Quality List, Category B, The Australian Research Council ERA Journal List as well.

To read her paper, CLICK HERE.


Recognition
IBA faculty re-appointed Grand Councillor of Chartered Institute of Islamic Finance Professionals

The IBA Karachi is pleased to announce the reappointment of Dr. Irum Saba, Program Director MS Islamic Banking and Finance, Assistant Professor, Department of Finance, as the Grand Councillor of the Chartered Institute of Islamic Finance Professionals (CIIF) during the 3rd Annual General Meeting held this year (https://ciif-global.org/web/ciif-grand-council/)

Dr. Irum Saba is the first Pakistani who joined this auspicious institution as the Grand Councillor.

About Chartered Institute of Islamic Finance (CIIF) Professionals, Malaysia:

The Chartered Institute of Islamic Finance Professionals (CIIF) was established in 2015 as a professional body for Islamic finance practitioners to support the capacity building agenda of the industry by setting professional standards to drive the next phase of Islamic finance human capital development.

In setting professional standards, the CIIF aims to support its members towards the continuous pursuit and development of cutting-edge knowledge in Islamic finance; upholding the highest levels of integrity in discharging their professional duties; and providing distinguished quality service in the execution of their professional duties.


Recognition
IBA faculty amongst the most influential women in Islamic business and finance

The IBA Karachi has immense pleasure in announcing that Dr. Irum Saba, Program Director MS Islamic Banking and Finance and Assistant Professor Department of Finance, has been ranked no. 17 out of top-300 women with influence in Islamic business and finance.

Her efforts have been recognized by the WOMANi Programme, comprising the WOMANi Report and WOMANi Awards – which was founded by Cambridge IFA in 2019.

Dr. Saba ranks among global Islamic business and finance professionals and this recognition comes after her hard work, dedication, professionalism perseverance and success over the last few years.

To read the full WOMANi Report 2020, CLICK HERE.


Recognition
IBA faculty awarded Literati Award 2020 by an internationally recognized Journal

The IBA Karachi is pleased to announce that Dr. Irum Saba, Program Director MS Islamic Banking and Finance, Assistant Professor, Department of Finance, has been awarded the Literati Award 2020 for her research paper published in the International Journal of Islamic and Middle Eastern Finance and Management. The paper was featured in the 'Highly Commended' category.

The research paper titled, "Can Shariah board characteristics influence risk-taking behavior of Islamic banks?" was co-authored with the efforts of Dr. Amal Alabbad (Department of Accounting, Iona College, New Rochelle, New York) and Prof. Dr. M. Kabir Hassan (Department of Economics and Finance, University of New Orleans, New Orleans, Louisiana).

Abstract:

The purpose of this paper is to study whether the characteristics of the Shariah Supervisory Board (SSB) can influence the risk-taking behaviors of Islamic banks. The data on governance were collected from 70 Islamic banks' annual reports across 18 countries for the period from 2000 to 2011 to investigate the relationship between SSB's characteristics including size, busyness and foreign board and the Islamic banks' risk activities.

The size of SSB and the proportion of busy board in SSB positively and significantly influence Islamic banks' asset return and insolvency risks. Foreign members are more effective in monitoring banks' Shariah compliance. Further analysis provides some evidence that most of the findings on the associations between the SSB structure and bank risk are derived from countries in the Gulf Cooperation Council where Shariah governance is ruled internally at the bank level.

For more information: https://www.emerald.com/insight/content/doi/10.1108/IMEFM-11-2018-0403/full/html

To view Dr. Irum Saba's profile, CLICK HERE


Dr. Irum Saba
Assistant Professor and Program Director MS Program-CEIF - Finance and CEIF

Dr. Irum Saba has recently been appointed as an Independent Director at Takaful Pakistan Limited and Al-Noor Modaraba Pakistan. This will be instrumental in strengthening the linkage between industry and IBA.