F.P. Report
KARACHI: BankIslami Pakistan one of the leading Islamic Banks in the country, has signed a Memorandum of Understanding with National University of Sciences & Technology (NUST), one of the leading univerities of the country. The MOU signing ceremony was held at the Head Office of BankIslami Pakistan Limited.
BankIslami and NUST will collaborate in conducting Islamic Banking awareness seminars and workshops for the students and public at large to spread understanding about Islamic Banking and Finance. BankIslami will provide technical and training assistance to NUST for curriculum designing of Islamic Finance courses, development of case studies, training of faculty and students, etc. BankIslami and NUST will also jointly work in research initiatives in Islamic Banking and Finance.
The MOU between BankIslami and NUST will help strengthen the partnership between the Industry and Academia and will contribute towards the growth of Islamic Banking and Finance in the country. With a network of 330 branches in 114 cities nationwide, BankIslami Pakistan Ltd. was the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of 2003 from State Bank of Pakistan on March 31, 2005. The Bank started its operations from 7 April 2006 and offers Shariah compliant retail banking, investment banking, consumer banking, and trade finance products.
