ABL, IIUI ink MoU to pro­mote Is­lamic bank­ing

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

ISLAMABAD—The Is­lamic Bank­ing Group of Al­lied Bank, Pak­istan’s lead­ing Com­mer­cial Bank, and In­ter­na­tional Is­lamic Univer­sity Islamabad (IIUI), Pak­istan’s lead­ing univer­sity of in­ter­na­tional re­pute, has signed a Me­moran­dum of Un­der­stand­ing (MoU). The cer­e­mony held at Univer­sity’s Cam­pus and MoU was signed by Shafique Ahmed Uqaili, Chief HRG Al­lied Bank Ltd and Dr. Ahmed Yousif Ahmed Al Drai­weesh, Pres­i­dent In­ter­na­tional Is­lamic Univer­sity, Islamabad. Muham­mad Idrees - Chief Is­lamic Bank­ing Group and other se­nior ex­ec­u­tives of Al­lied Bank as well as of the In­ter­na­tional Is­lamic Univer­sity were also present at the oc­ca­sion.

The pur­pose of this MoU is to pro­mote learn­ing, re­search and de­vel­op­ment aware­ness of Is­lamic Bank­ing and Fi­nance across the coun­try. The MoU fo­cuses on ro­bust col­lab­o­ra­tion on var­i­ous joint ac­tiv­i­ties in­clud­ing de­vel­op­ment and to col­lab­o­rate of­fer­ing in-house cus­tom­ized ex­ec­u­tive de­vel­op­ment pro­grams at var­i­ous lev­els on Is­lamic Bank­ing and fi­nance, and also par­tic­i­pa­tion of Al­lied Bank Is­lamic Bank­ing Group em­ploy­ees (staff) as guest speak­ers in the ex­ec­u­tive pro­grams at IIUI.

ABL–IBG would also play pos­i­tive role to­wards cre­at­ing job op­por­tu­ni­ties for the grad­u­ates of IIUI. Be­sides train­ing pro­grammes, IIUI may con­trib­ute in the field of prod­ucts and ser­vices through its re­search. Is­lamic Bank­ing Branch (IBB) Net­work of Al­lied Bank has reached to 28 branches and is presently op­er­at­ing in 14 cities across the coun­try. The IBB cus­tomers have on­line ac­cess to their ac­counts through the coun­try wide branch net­work of ABL spread over 1050+ branches. ABL IBG aims to open many new branches in the year 2016 and be­yond.

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