Tag Archives: COMMECS Institute of Business and Emerging Sciences

Workshop on “Code of Ethics for Professional Accountants” held

Karachi, July 23, 2012 (PPI-OT): As per tradition, Commecs Institute of Business and Emerging Sciences (CIBES) held another Educational and Ethical Perspective workshop on “Code of Ethics for Professional Accountants” at CIBES City Campus Shahra e Faisal, recently. The main speaker was Mohammad Aamir Arif, Manager Finance, The Citizen Foundation, delivered his knowledge and views on the topic.

This workshop aimed to cover the main topics of the basic concepts of ethics in Accounting, the myths and the realities of current status of ethical values concluded with recommendations for an ideal situation. Special emphasis laid on the practices of Professional Accountants. The seminar was moderated by Sonal Saeeda Student of MBA of CIBES.

The Commecs Director Quality Enhancement Cell & Research Rafique A. Khan, Programme Coordinator MBA Syed Faizan Ali along with the faculty, staff and students of CIBES participated in this seminar. The audience actively participated in a Question Answer session after the details were delivered by the speaker. At the end Rafique A. Khan thanked to the Speaker and all the participants for their interest and association with CIBES.

The audience expressed satisfaction that they had acquired greater knowledge and the discourse had corrected their many concepts about Accounting and related Ethics. The Commecs Management reiterated that such informal but directed efforts would be continued to create “out-of-the-box” learning for its students enabling them to get the professional edge needed to take them successfully towards their careers.

For more information, Contact:
COMMECS Institute of Business and Emerging Sciences
40-B, Block-6, P.E.C.H.S., Shahrah-e-Faisal
Karachi-75400, Pakistan
Phones: +92 21 3432 0074-6
Facsimile: +92 21 3432 0079
Email: info@commecsinstitute.edu.pk

PPI Original Text (PPI-OT) – COMMECS Institute of Business and Emerging Sciences organises seminar on Islamic Banking

Karachi, May 15, 2012 (PPI-OT): The State Bank of Pakistan is playing a major in role in spreading the market of Islamic Banking in Pakistan and we salute their efforts. The conventional banks are also exploring the avenues in the Islamic sector due to the promotion of parallel banking by the State Bank in 2002. So unlike the concept which was introduced in 1970s when the customers were forcefully being pushed towards Islamic Banking, now the concept is effectively evolving when the customers have a free choice because more industry players are becoming visible.

It was stated by Vice President – Product Development and Shariah Compliance Mezan Bank Ltd Fayyaz-ur-Rehman Khan at a seminar on “Islamic Banking” organized by COMMECS Institute of Business and Emerging Sciences (CIBES) recently. The Management of CIBES along with the faculty, staff and students participated in this seminar. A large number of guests from industry were also present in this seminar.

Fayyaz-ur-Rehman Khan started his speech with the concept and prohibition of Interest/markup in Islam and its culture as opposed to conventional banking, with the reference of Verses from Holy Quran and Ahadees. He also cleared several misconceptions about Islamic Banking in the minds of people focusing on the difference between the conventional banking and Islamic Banking.

He specially targeted those people who think that both are the same. During the question and answer session he thoroughly the audience by explaining the efficacy and benefits of Islamic banking to citizens as well as the government. It was predicted that Islamic Banking will become the future pillar of the country’s economy.

He also said that ‘Pakistan being an Islamic Republic with Muslim population of 98 % has indeed a general notion that the people should adhere to Islamic principles. So when a customer knows that he/she can avail products, services and benefits of banking, in an Islamic way, the person will definitely move towards it’.

Highlighting the benefits of Islamic Banking for students Fayaaz-ur-Rehman announced QarzeHasna of Rs. 1.00 Million per annum to CIBES Students, repayable in easy monthly installments.

At the end Director CIBES, Mohammad Arif Dossal thanked the respected speaker and all the participants for their interest in such nation building events conducted by CIBES. He said that the main objective of the seminar was to create awareness of issues regarding Islamic Banking.

The audience expressed satisfaction that they had acquired greater knowledge and that the discourse had corrected many concepts about Islamic Banking. The Commecs Management reiterated that such informal but directed efforts would be continued to create “out-of-the-box” learning for its students enabling them to get the professional edge needed to take them successfully towards their careers.

For more information, Contact:
COMMECS Institute of Business and Emerging Sciences
40-B, Block-6, P.E.C.H.S., Shahrah-e-Faisal
Karachi-75400, Pakistan
Phones: +92 21 3432 0074-6
Facsimile: +92 21 3432 0079
Email: info@commecsinstitute.edu.pk

Seminar on Alternative Investment Opportunities in Pakistan held

Karachi: Commecs Institute of Business and Emerging Sciences (CIBES) and KASB Securities ventured an educational Seminar on “Alternative Investment Opportunities in Pakistan” on CIBES City Campus Shahra e Faisal, Karachi, recently.

This Seminar aimed to cover the main topics of the basic concepts of stock and investment, the myths and the realities of investing and how to approach investing. Special emphasis laid on the new emerging commodity exchange market in which people could invest in commodities like gold, silver and oil.

Capital markets, commodities, the portfolio mix approach were explained and the value of professional advice was underlined.

The seminar was moderated by Hafsa Farooqa Student of BBA IV of CIBES with Sumair Abro from the securities sector. The main speakers were Mustafa Sattar, Head of Commodities and Imtiaz Gadar, Head of Equity Research and Business Development.

The Commecs Director Arif Dossal, Director QEC and Research Rafique A. Khan, Deputy Director and Registrar Yousuf Khan along with the faculty, staff and students of CIBES participated in this seminar. A large number of guests from industry were also present in this seminar.

The audience actively participated in a Question Answer session after the details were delivered by the speakers. At the end Arif Dossal and Yousuf Khan thanked to team of experts and all the participants for their interest and association with CIBES.

The audience expressed satisfaction that they had acquired greater knowledge and the discourse had corrected their many concepts about Stock and Commodities. The Commecs Management reiterated that such informal but directed efforts would be continued to create “out-of-the-box” learning for its students enabling them to get the professional edge needed to take them successfully towards their careers.

For more information, Contact:
COMMECS Institute of Business and Emerging Sciences
40-B, Block-6, P.E.C.H.S., Shahrah-e-Faisal
Karachi-75400, Pakistan
Phones: +92 21 3432 0074-6
Facsimile: +92 21 3432 0079
Email: info@commecsinstitute.edu.pk