Bank Alfalah partners with AlHuda CIBE to promote Islamic Banking in Pakistan

In a landmark development to promote Islamic Banking and Finance in the country, Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic financial services industry.

The MoU will act as a gateway to facilitate the promotion and development of Islamic Banking nationally and internationally in a more structured manner. The partnership will entail Collaborative Advisory Services, Faculty Exchange Program, Collaborative Trainings & 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 Mr. Ahmed Nauman Anees, Head of Learning & Development Division at Bank Alfalah Limited, while sharing his thoughts on the development.  “I personally thank Mr. 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.”Mr. Anees also shed light on the initiatives taken by the Bank’s Human Resource & 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 Mr. Zubair Mughal, CEO, AlHuda CIBE. “The partnership is in line with our mission of developing human capital and assistingfinancial institutions to develop Islamic banking, finance, and microfinance alternatives by means of our international expertise, research, capacity building services, and trainings.”

AlHuda Centre of Islamic Banking and Islamic Economics (CIBE) is an international organization for education, training, awareness and Islamic Financial product development. It conducts training sessions of Islamic Banking, Takaful &Sukuk for Islamic Banks and other financial institutions besides providing advisory in the field of Islamic Banking & Finance.

About Bank Alfalah:

Since its inception, Bank Alfalah has grown rapidly to become Pakistan’s fifth largest private bank, the largest issuer and acquirer of credit cards and one of the largest Islamic Banking businesses in the country. The Bank has a network of over 650 branches spanning more than 200 cities with presence in Afghanistan, Bangladesh and Bahrain in addition to a representative office in the UAE. The Bank serves more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

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About AlHuda CIBE:

Towards the pursuance of its goal to promote Islamic banking and finance all over the globe, AlHuda Centre of Islamic Banking and Economics is working diligently since its existence 10 years ago. AlHuda CIBE has been acknowledged as a distinguished service provider due to their notable services, team of dedicated professionals and one stop solutions of Islamic banking and finance.

AlHudawas recently ranked internationally 1st in Top Islamic Finance Seminars Organizers and 3rd in Islamic Finance Conferences Organizers in the World by Islamic Finance Development Report published by ICD-Islamic Development Bank & Thomson Reuters. Having advisory and capacity building interventions in 30+ countries, AlHuda CIBE is supported by many national and international organizations and institutions as Strategic Partners and their Alumni have presence in 54 countries.

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