In a move set to bolster academic excellence in Islamic and conventional banking, The Islamia University of Bahawalpur (IUB) has signed a Memorandum of Understanding (MoU) with Meezan Bank, Pakistan’s leading Islamic bank. This collaboration will fund a Faculty Development Grant aimed at equipping faculty and students with advanced knowledge and practical skills in banking, enhancing educational quality and professional training.

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The MoU was signed by Prof Dr Jawad Iqbal, Dean of the Faculty of Management Sciences & Commerce at IUB, and Mr Abrar Hussain, Area Manager at Meezan Bank, during a formal ceremony on campus. The event marked a significant step toward strengthening IUB’s Center of Islamic Finance and Social Equity and its Center of Inclusive and Sustainable Finance, as they partner with Meezan Bank’s expertise to facilitate this important academic initiative.

In attendance were prominent representatives from both institutions, including Mufti Muhammad Shoaib, Shariah Analyst and Assistant Vice President of Meezan Bank, Mr Muhammad Naveed ul Hassan, Regional Manager of Operations at Meezan Bank, Prof Dr Areeba Khan of IUB’s Department of Management Sciences, and Dr Waseem ul Hameed, Assistant Professor in the Department of Islamic and Conventional Banking at IUB’s Institute of Business Management and Administrative Sciences.

The Faculty Development Grant will fund specialized training programs, professional workshops, and knowledge-sharing sessions, aligning with IUB’s mission to advance financial literacy and enrich faculty expertise in Islamic finance. Beyond the grant, the partnership is set to launch two major events for students and faculty: an Islamic Finance Awareness Seminar and a Digital Account Opening Activity. These initiatives reflect Meezan Bank’s dedication to financial inclusion and IUB’s commitment to preparing students for impactful careers in the finance sector.

Dr Owais Shafique, Head of the Department of Islamic and Conventional Banking at IUB, emphasized the collaboration’s positive impact, noting that it directly benefits educators and students while enhancing their understanding of Islamic financial principles. Meezan Bank’s support underscores IUB’s status as a leading institution in Islamic finance education, reinforcing its role in shaping future banking and finance professionals.

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