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, Pakistans 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 worlds 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 Banks 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 Pakistans 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:

AlHuda Center of Islamic Banking and Economics

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
 Center of Islamic Banking and Economics

Since its inception, Bank Alfalah has grown rapidly to become Pakistans 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 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 Center of Islamic Banking and Economics

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