KARACHI: In a bid to promote Islamic finance system in the country, the State Bank of Pakistan (SBP) has held a signing ceremony for Financial Innovation Challenge Fund (FICF) Round 3 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.
Deputy Governor SBP, Saeed Ahmad, who is also the FICF Advisory Committee Chairman, hosted and witnessed the signing ceremony. The Chairman congratulated the successful institutions for proposing projects which will build platforms for Islamic Finance education and research in Pakistan. He shared that the Committee held a series of long meetings to select the best projects from the long list of proposals received under the challenge round.
At the ceremony, 3 projects were signed with Institute of Business Administration (IBA), Lahore University of Management Sciences (LUMS) and Institute of Management Sciences (IM Sciences).
