Islamic Banker and Institute of Policy Studies sign MoU

UK-based Islamic Banker (www.islamicbanker.com) and Institute of Policy Studies, Islamabad (www.ips.org.pk) – under its Learning, Excellence and Development Programme: IPS LEAD – have signed a Memorandum of Understanding (MoU) to set out a framework for collaboration and facilitate international efforts to foster job creation and support inclusive economic development through Islamic mode of business and finance.

UK-based Islamic Banker (www.islamicbanker.com) and Institute of Policy Studies, Islamabad (www.ips.org.pk) – under its Learning, Excellence and Development Programme: IPS LEAD – have signed a Memorandum of Understanding (MoU) to set out a framework for collaboration and facilitate international efforts to foster job creation and support inclusive economic development through Islamic mode of business and finance.

Both institutions will also cooperate in contributing to wider market development in Organisation of Islamic Cooperation (OIC) countries by jointly promoting best practices in corporate governance, ethical standards and socially responsible investing.

The collaboration is focused on three strategic areas, i.e., Sharing Knowledge & Insights: Preparing, analyzing and promoting research and knowledge networks in Islamic finance and OIC countries; Training & Development: Creating new and innovative training and development tools for students and professionals in the industry; and Sharing of Good Practice: promoting learning from experience in the development of Islamic finance.

“We know that the OIC region has some of the highest youth unemployment in the world, underscoring the need for urgent work on professional learning and development,” said Shakeeb Saqlain, Chief Executive Officer of Islamic Banker in a jointly issued press release on the occasion.

“This MoU is part of our efforts to collaborate more closely with players in the Islamic finance industry, with a view to addressing some of the most pressing challenges facing the region,” he added.

DG-IPS Khalid Rahman also expressed his optimism over the collaboration, terming it an important step towards the promotion of Islamic finance industry led growth.

“Islamic Banking offers immense potential of becoming the workable alternative model to the prevailing system and becoming a potent solution to its inherent economic challenges,” he stated.

He hoped that the academic contribution at IPS on the subject spanning over 35 years would serve as an invaluable resource for Islamic banking professionals across the world.

IslamicBanker.com is a hub for the global economy. Founded in the summer of 2009, in the City of London, and developed extensively in the Middle East since 2010, our platform brings together professionals from around the world, with one simple aim: to create powerful analytics and visualization tools, with strategic and timely insights by leading thought leaders, dedicated to Islamic finance and Organisation of Islamic Cooperation (OIC) countries. www.islamicbanker.com

IPS LEAD is the ‘Learning, Excellence and Development’ Program of the Institute of Policy Studies, Islamabad, which is one of the pioneering institutions in Pakistan to undertake Islamic Economics and Finance as distinct field of policy research. The pragmatic effort has yielded around 50 publications and research articles and several seminars on the subject to date, collectively forming a rich reservoir of academic wealth that covers nearly all conceivable facets of the subject.
www.ips.org.pk