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The key players in any educational institution are its teaching staff. IBI is fortunate enough to have competent faculty members. In addition IBI utilizes the services of highly experienced professors and practitioners on a part-time basis. IBI enjoys collaboration of some 218 experienced professors and practitioners on a part-time basis.

 

 

 

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Number of alumni of IBI, at the time of drafting this pamphlet was 10137, of which 4411 held degrees equivalent to Higher Diploma in Banking, 4963 held  degrees  equivalent  to  Bachelors in Banking Management, Banking Ac- counting, Risk and Financial Markets, and Economics of Money and Banking, and 763 held degrees equivalent to Masters in Banking Management, Accounting, Private Law, Economic and Financial Law, and Banking and Banking Accounting. It should be noted that the alumni with Masters equivalent degree have had to write a full dissertation similar to those required in top universities.

These Alumni are now working at various levels in the banking system.

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The need to establish a center for professional training and education in banking was always considered essential for development of banking system of the country. The very first steps were taken by Bank Melli Iran in 1941 by offering banking courses. Subsequently Bank Sepah established Banking Science Institute in 1959.

With the establishment of Central Bank of Iran in 1960, the ground- work for establishment of Iran Banking Institute (“IBI”), for training and educating expert banking manpower, were undertaken by the Central Bank, Bank Melli Iran and Bank Sepah

IBI started its official operation in October 1963 by accepting its first students. According to its official mandate, the students would complete a bachelor’s program in banking in three years. IBI continued its operation until the advent of the Islamic Revolution in 1979. It was then merged with other institutes and colleges specializing in social sciences, accounting and finance to form the Allameh Tabatabaee University.

With the enactment of Usury Free Banking law in September 1983, the need for an independent organization for training and educating the required specialist manpower for banking was felt more strongly than before. Thus extensive research was undertaken by Central Bank and a proposal was submitted to the Money and Credit Council in 1985 for reopening of this independent institute. Finally the re- opening was approved in March 1986.

 

 

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IBI has adopted the following objectives to enhance knowledge and proficiency of the banking manpower

1) Training and educating specialised workforce for the banks and other financial institutions at various levels

2) Promoting principles of modern banking, with special emphasis on applied banking, so that the graduates can meet the needs of the working environment.

3) Enhancement the quality of education and training by utilizing renowned and experienced teachers and state of the art facilities.

4) Emphasizing the development of the Islamic banking training as the most explicit feature of the banking industry in the country.

5) Designing and running short-term training courses in modern banking.

6) Developing and executing the inter-disciplinary programs for the banking system in the country.

7) Undertaking applied banking research as required by the banking system

8) Motivating the students to further engage in studies and research in their fields