Islamic Banking in Pakistan: Bank Alfalah seizes initiative

Islamic Banking in Pakistan: Bank Alfalah seizes initiative

KARACHI (APP): In a development to promote Islamic Banking and Finance in the country, a leading financial institution - Bank Alfalah, has entered into an agreement with Al Huda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic financial services industry.

A statement here on Monday said that the MoU will act as a gateway to facilitate the promotion and development of Islamic Banking nationally and internationally in a more structured manner.

It said that the partnership will entail Collaborative Advisory Services, Faculty Exchange Program, Collaborative Trainings 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.

"I personally thank Zubair Mughal, CEO, AlHuda CIBE, for his keen interest in exploring avenues to collaboratively promote human capital development in the field of Islamic Finance on both national and global scales." Anees also shed light on the initiatives taken by the Bank's Human Resource and Learning Group (HRLG) for its human capital development, and elaborated the roadmap for 2017 and future years.

"We are pleased to have partnered with Pakistan's premium banking institution Bank Alfalah for the promotion of Islamic Finance in the country," said Zubair Mughal, CEO, AlHuda CIBE.

"The partnership is in line with our mission of developing human capital and assisting financial institutions to develop Islamic banking, finance, and microfinance alternatives by means of our international expertise, research, capacity building services, and trainings."