Professor Dr. M.Fahim Khan Dr. Fahim Khan, Chairman, RCIB has long experience in teaching, training and research on areas of Islamic economics, Islamic finance, Islamic business as well as in areas in conventional economics and Public Policy. He also has several years experience in building and managing academic institutions in Pakistan and abroad. He has three master.s degrees in the area of political economy, economic development, and statistics and received his economics doctorate from the University of Boston in 1979. He served for more than 13 years with the Ministry of Planning, Pakistan prior to joining the International Islamic University, Islamabad in 1981. He received his professorship in economics in 1984 and joined the Islamic Research and Training Institute, Islamic Development Bank, Jeddah in 1988. During his tenure with IRTI, Dr. Fahim held various administrative posts such as the Head of Training Division, Chief of Research Division and Director. Dr. Fahim has 10 books and several monographs to his credit. He also contributes regularly to academic and refereed journals. Amongst the journals in which Dr. Fahim s articles have been published include Pakistan Economic Journal, Journal of Research in Islamic Economics (Saudi Arabia), American Journal of Middle Eastern Studies (USA), Review of Islamic Economics (UK), and Thunderbird International Business Review (USA). Dr Fahim was adviser to the State Bank of Pakistan on Islamic banking during 1999-20001 and has been member/secretary of the high level commission on Transformation of Financial System of the Country set up by the State Bank of Pakistan. Dr Fahim has been consultant/advisor of many government and non-government bodies at home and abroad and is also on the academic board of various academic organizations.
Dr. M. Fahim Khan Permanent Address: 124 Haddonfield Lane Cary, NC 27513, USA-Tel: 571 276 6887 Present Address: 28, Street 33, G-9-1, Islamabad, Pakistan Tel: (Cell) +92 303 55 88 633; (Res) +9251 2850526 Email: mfahimkhan@hotmail.com and mfahimkhan@gmail.com With Master s degrees in Poltical Economy and Statistics and Ph.D in Economics I have 39 years experience in the area of economic policy & planning and in institutional capacity builiding. I got the opportunity to work in the area of Economic policy and planning while working in Ministry of Planning, Government of Pakistan for 13 years in various senior positions. My important works related to issues concerning international economics and macreconometeric planning and forecasting models. My research has been instrumental in rationalizing highly overvalued currency in early 1970s, in helping preparing a plan to increase countries exports by 100 percent and in using the planning and forecasting models as a base for macroeconomic planning of the country. In the context of institutional capacity builiding, I played instrumental role in establishing and enhanicing the capacity of School of Economics of International Islamic university. I developed the undergraduate and graduate program of the School. This program proved to be the most successful program in Economics in the country. I also built research capacity of the Islamic Research and Training Insitute of Islamic Development Bank. I laid down the basis of the establishment of Markfield Instiute of Higher Education, Leicester, UK. Name: Muhammad Fahim Khan Educational Qualification: Ph.D. (Economics) Boston University, USA, 1978 M. A. (Political Economy) Boston University, USA, 1977 M. A. (Statistics) Punjab University, Pakistan,1968 Work Experience: Thirty Nine years experience of teaching/training in economics/business, economic planning and policy research and teaching and research in Islamic Economics, Banking and Finance Fluency in English language with fair knowledge of Arabic Language Suprvised/examined Master's level, M.Phil level and Ph.D. level Theses of students at universities in Pakistan as well as of students abroad Permanent Residence in USA Details of Work Experience August 1988 to September 2007 Division Chief
(Islamic Development Bank, Jeddah, Saudi Arabia) Responsibilities -Managing Research Division and Training Division of the Research and Training Institute of the Islamic Development Bank -Organizing training programs for capacity building in member countries of IDB in areas of development -Preparing and implementing short term and longterm research programs relating to theory and practice of Islamic economics and finance, deveopment issues faced by IDB member countries and policy issues relating toenhancing economic cooperation among the member countries. -Also given the responsibility to Manage the Institute in the capacity of Acting Director for about two years (1994-96) Achievements 1) I was hired as Research Officer in the Research Division but within a period of less than two years I was promoted to the position of Head, Research Divison 2) The program of research led by me in the capacity of Head of Research Division led to more than 200 research publications. The research output of the Division earned an international reputation for the Institute not only in member countries but also in non member countries. The Institute is now considered a think tank in the area of Islamic banking and finance because of the research conducted at the Institute. 3) By virtue of this performance, Central Bank Governor of Pakistan requested IDB to lend my services to them to help them restructure and reform the financial system in Pakistan with respect to the practice of Islamic banking. I Advised the Central Bank of Pakistan on Transformation of Financial System of Pakistan to confirm to Shari'a for about two years. 4) Published Research, books, monographs in areas of interest to IDB. The research output in the area of Islamic banking and finance is being referred and utilized in universities, central banks and financial institutions in member countries. 5) Also published, during the same period, personal research (books and articles) outside the Institute including the articles published in refereed journals September 1981 to August 1988 Professor of Economics And Director School of Economics (International Islamic University, Islamabad, Pakistan) Responsibilities -Managing B.Sc, M.Sc and Ph.D degrees offered by the School of Economics. -Also was given, of and on, the responsibility to Manage International Islamic University in the capacity of Vice President
(Administration) and Vice President (Academics), in the long term absence of the incumbents -Teaching undergraduate and graduate courses -Publishing research research in refereed journals Achievements 1) I initiated the first B.Sc Economics program of economics university and planned its quality at international standards. This was unprecedented in the whole country. It was a four year program after 18years of schooling, whereas all other universities in the without exception were running a two years program of B.Sc program. The standards of teaching as well as reading material was maintained at the level of 2 nd Tier universities in USA. The first batch passed out in 1985 and all of them got placed in prestigeous positions in public as well as private sector. This was unprecedented. The B. Sc degree holders from any of the other universities could only find a non professional job that too after a long waiting. 2) I also launched a two year M.Sc program in 1985 synchronised with the pass out of our first batch of the B.Sc degree. The M.Sc program met even a higher level of success. Impressed by the quality and standard of our program, seven of our M.Sc students were awarded scholarship by international organization to go to USA for Ph.D. Another 3 students got merit scholarship from the US universities directly. 3) Impressed by my published research, and my contribution to the development of School of Economics, the King Abdulaziz University. Saudi Arabia sought my services for a year to contribute to the development of their Center for Research in Islamic Economics 4) Published research in the form of books and articles in refered journals June 1969 to August 1981 Ministry of Planning, Government of Pakistan, (In the positions of Planning Officer, Assistant Chief, Deputy Chief in International Economics and Economic Research Sections dealing with macro economic planning) Responsibilities -Conducting research related to Economic Plannning and policies at national level, -drafting policy papers -drafting chapters of the five year and annual plans. Main areas of work included International Trade, Balance of Payment and Macro Econometric Model Building for Planning and Forecasting. -Drafting reports of working Groups, Committees and Commissions on economic policies and on short term, medium term and long term economic plans
Other Experiences Achievements 1) I was offered the job of planning officer in the Ministry of Planning without any experience, based only on performance on Master s degree results. The first research I took on my own initiative related to valuation of Pakistani currency vis a vis US dollar. There was a strong debate among policy whether the currency is overvalue and whether or not it should be devalued. I prepared a policy paper showing the effective exchange rate as opposed to the norminal exchange rate and how it was moving over time. The paper was highly appreciated in the Ministry of Planning and Ministry of Finance and proved instrumental in more than 200 percent devaluation in the value of Pakistani Rupee. My research was then published in the Journal of Pakistan Economic Association. 2) My performance soon got me a promotion and was assigned secretary of various working groups for the five year plan and also made responsible drafting the some plan chapters. All this work was highly appreciated and soon I was sent to Boston University to do Ph.D. Economics (as my Master s degree in Statistics not in statistics) 3) I completed Ph.D degree in less than three years and on return was promoted to the next step in the heirarchy of Ministry of Planning 4) When an International Islamic University was established in 1981 whose chancellor was the President of Pakistan himself, I was sent by a Presidential order to the University to develop the school of Economics. Adviser to the State Bank of Pakistan (Central Bank of the Country) from 2000-2002, member-secretary to their high level Commission on Transformation of Financial System Adviser to Pakistan Institute of Development Economics, Islamabad on their project (1983-86) Econometric Forecasting Model for Pakistan. Also official reviewer of their project Consultant to Marga Institute, Colombo, Sri Lanka (1982-84) on their project Labor Migration to Middle East and on the project Trade Channels and Payments Arrangements in South Asia Sponsored by International University Tokyo, Japan Consultant to Pakistan Institute of Public Opinion on the sampling techniques for their national opinion surveys (1979-81)
Consultant to Pakistan Narcotics Control Board on planning and supervising their sample surveys of poppy growing areas (1972-74) Sponosored by UNDP Consultant to Pakistan Institute of Development Economics on their project on International Labor Migration to the Middle East, Sponsored by the World Bank (1979-1981) Visiting Professor Part time:taught Finance Courses in Darul Hikma, Jeddah, Saudi Arabia 2005 and 2007 Part time: Taught Econometrics and Statistics to Graduate students in the Economics Department and the Business Administration Department Quaid Azam University, Islamabad, Pakistan (1979-1981) Full time: Research Professor, King Abdulaziz University, Jeddah, Saudi Arabia (August 1983-December 1984) Member, Board of governors (Academic Group), Institute of Islamic Banking and Insurance, London, Since 2000 Member, Editorial Board, Pakistan Development Review, Pakistan Institute of Development Economics, Since 1995 Member, International Board, Islamic Economic Review, UK Reviewed articles for different referreed journals in economics and finance Research and Publications Include: Books and monographs Articles in Refereed Journals Seminar and conference papers Policy /Research papers prepared in the Ministry of Planning (List of Publications attached)