Bank Alfalah and Alhuda Center of Islamic Banking and Economics (CIBE) have signed a memorandum of understanding (MoU) to encourage Islamic Banking and Finance in the country, media sources have reported. According to a press release issued on Monday, the MoU will aid in structured promotion and development of Islamic Banking domestically as well as internationally.
It also added that the partnership will entail Collaborative Advisory Services, Faculty Exchange Program, Collaborative Training and Seminars, and Collaborative In-House Sessions on both national and international levels.
“We are excited to be partners with the world’s leading Islamic financing institution for development and promotion of Islamic finance and banking in Pakistan,” said Ahmed Nauman Anees, Head of Learning and Development Division at Bank Alfalah Limited, while sharing his thoughts on the development.
