University of Karachi, Meezan Bank collaborate to enhance Islamic banking education
In a significant move to strengthen Islamic banking education, the University of Karachi (KU) and Meezan Bank Limited have signed a Memorandum of Understanding (MoU).
The agreement aims to enhance the capacity
building of faculty members in Islamic banking by fostering knowledge and
expertise in this specialized field.
The MoU signing ceremony took place at the VC
Secretariat, where KU Vice Chancellor Professor Dr Khalid Mahmood Iraqi and the
Executive Vice President and Head of Shariah Audit of Meezan Bank, Muhammad
Farhan ul Haq Usmani, signed the documents.
Under the terms of the MoU, Meezan Bank Limited
has committed to providing financial support to KU for capacity-building
initiatives specifically designed for faculty members. The primary objective of
this partnership is to empower the faculty with a comprehensive understanding
of Islamic banking principles, practices, and emerging trends.
The collaboration aims to equip faculty members
with up-to-date knowledge and specialized skills, thereby raising the standards
of education and research in Islamic banking. This strategic partnership
between KU and Meezan Bank is expected to pave the way for collaborative
efforts in promoting Islamic banking in the country.
Expressing his views, Muhammad Farhan ul Haq
Usmani, EVP and Head of Shariah Audit of Meezan Bank, emphasized the
significance of this partnership in promoting Islamic banking education and
supporting the growth of the Islamic finance sector. He stated that as the
pioneering Islamic bank in Pakistan, Meezan Bank understands the importance of
academic-industry collaboration in nurturing a robust Islamic finance
ecosystem.
He further added, "This partnership will
enable us to contribute to the academic growth of faculty members and equip
them to shape the future of Islamic banking."
Professor Dr Khalid Iraqi, the VC of KU,
expressed delight in forging this collaborative partnership with Meezan Bank
Limited. He highlighted the shared dedication of both institutions to advancing
Islamic banking education and nurturing a highly skilled faculty.
Dr Iraqi stated, "By leveraging our
combined resources and expertise, we aim to contribute to developing a
competent workforce capable of addressing the evolving needs of the Islamic
finance industry."
Dr Bilquess Gul, Director of the Office of
Research, Innovation, and Commercialization at KU, emphasized the significance
of the MoU in fostering academic-industry collaboration and advancing Islamic
banking education. She noted that the partnership will strengthen the knowledge
base, facilitate research initiatives, and cultivate industry-ready
professionals in Islamic finance.
Meezan Bank Limited, recognized for its
expertise in Islamic finance and commitment to Shariah-compliant practices,
acknowledges the pivotal role played by academic institutions in cultivating
talent and driving industry growth. Through this strategic alliance with the
University of Karachi, the bank aims to support the development of skilled
professionals who can actively contribute to the ongoing progress of the
Islamic banking sector.
Source: Urdu Point
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