Projects signed to promote Islamic financing

PESHAWAR: The State Bank of Pakistan (SBP) held a signing ceremony for Financial Innovation Challenge Fund (FICF) on promoting excellence in Islamic finance in Pakistan under its financial inclusion programme funded by the UK’s Department for International Development (DFID).
The signing ceremony marks the beginning of the implementation phase of the FICF innovative Islamic finance education and research projects in partnership with leading higher education institutions, which was earlier launched by Finance Minister Ishaq Dar on January 9, 2015, said a press release.
At the ceremony, three projects were signed with the Institute of Management Sciences (IM Sciences), Institute of Business Administration (IBA), and Lahore University of Management Sciences (LUMS).The IMSciences was represented by Director IMSciences Dr Muhammad Mohsin Khan and Coordinator CEIF IMSciences Dr Karim Ullah.