KARACHI: Allied Bank Islamic Banking and Center for Islamic Finance of Lahore University of Management Sciences (LUMS) have entered into a Memorandum of Understanding (MoU) here at Lahore. Both premiere institutions of the country will share their resources and efforts to promote Islamic financing in Pakistan.

Allied Bank will share its banking industry experiences spread over 70 years with LUMS to collaborate on various joint activities including development and launch of specialized training and development programs for senior managers in the field of Islamic Finance.

It will also work to develop innovative Islamic Banking products and conduct research studies and trend analysis on global standards.

The MoU signing ceremony was held at LUMS on November 21, 2016. Shafique Ahmed Uqaili, Chief Human Resource Group of Allied Bank and Dr. Jawad Syed, Dean Suleman Dawood School of Business (SDSB) of LUMS signed the document from respective institutes.—PR