ISLAMABAD, Pakistan: The International Islamic University Islamabad (IIUI) has signed a memorandum of understanding (MoU) with Riphah International University to conduct international conference on Islamic business.
Under the MoU, both universities will work together for establishing a frame work for promoting business education in the light of Islamic principles.
The MoU will be materialized by the International Institute of Islamic Economics (IIIE) of IIUI and Riphah Centre of Islamic Business (RCIB) under the banner of signed MoU, said a news release.
The agreement was signed by Prof. Dr. Ahmed Yousif Al-Draiweesh President IIUI and Prof. Dr. Anis Ahmad Vice Chancellor Riphah. Directors of economic institutes Dr. Hafiz Muhammad Yasin and Dr. Muhammad Ayub of both sides were also present on the occasion.
Under the MoU, both universities would work for dissemination of knowledge in the fields of economics, business, banking and finance. Both sides also agreed on bilateral academic interchange with active engagement of academicians and create awareness among the general public about Islamic banking and finance.
Both institutions vowed to organize conferences, seminars and public awareness programs with mutual interaction between the officials and academicians, while a detailed program for arrangement of joint 4th conference on Islamic business was also discussed.
Speaking on the occasion, Dr. Al-Draiweesh suggested that a consortium of Islamic universities be establish with the help of both universities which would work for promotion of Islamic banking, its awareness and cooperation.
He said that IIUI doors are open for cooperation with all the educational institutions of world and IIUI is keen to disseminate the Islam’s message of peace and moderation by creating linkages with national and international institutions.
Dr. Anis, while endorsing the suggestion of Islamic varsities consortium assured of maximum bilateral cooperation and hailed IIUI for its services to Muslim world.