AlHuda CIBE has Signed MoU with Bank Alfalah

1. Center of Islamic Banking and Economics Press Release Bank Alfalah partners with AlHuda Centre of Islamic Banking and Economics to promote Islamic Banking in Pakistan 27th March, 2017 (Dubai): 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. . Mr.Ali Raza Nemati (Unit Head Islamic Banking-L&CDD) has been nominated as the contact person for steering the Initiatives from Bank Alfalah Limited and Mr.Imran Gul (Head Marketing) from Alhuda CIBE. “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 assisting financial institutions to develop Islamic banking, finance, and microfinance alternatives by means of our international expertise, research, capacity building services, and trainings.” 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 AlHuda Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00 Pakistan Office: 117-G3, Johar Town, Lahore – + 92 (0)42 - 35913096 – 8 Email: info@alhudacibe.com Web: www.alhudacibe.com AlHuda Center of Islamic Banking and Economics Center of Islamic Banking and Economics

2. Center of Islamic Banking and Economics 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. For more information, please visit: www.bankalfalah.com About AlHuda CIBE: AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research, advisory and capacity building over the last eleven years. The prime goal has always been to stick to the commitments and provide state-of-the-art Advisory & Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications on Islamic Banking and Finance. AlHuda CIBE, as a unique institution with remarkable services, is dedicatedly serving the community not only in UAE/Pakistan but all over the world and has served in more than 35 countries for the development of Islamic Banking and Finance industry so far. For further details about AlHuda CIBE, please visit: www.alhudacibe.com For Media Contact: Ms. Shaguftta Perveen Manager Communications, info@alhudacibe.com Call: +92 42 35913096 - 8 AlHuda Head Office: P.O Box. 120867, Dubai - U.A.E, Ph: 00971 55 938 99 00 Pakistan Office: 117-G3, Johar Town, Lahore – + 92 (0)42 - 35913096 – 8 Email: info@alhudacibe.com Web: www.alhudacibe.com AlHuda Center of Islamic Banking and Economics Center of Islamic Banking and Economics