Pakistan’s Islamic bank Meezan Bank has inked a memorandum of understanding (MoU) with Lahore University of Management Sciences (LUMS) to foster the learning and development of Islamic Banking and finance across the country.

The MoU will focus on various joint activities including development and launch of training programs on Islamic Banking and finance, co-authorship of case studies and research papers, and participation of Meezan Bank employees as guest speakers in executive programs at LUMS.

Additionally, Meezan Bank and LUMS will work together on designing and offering in-house customized executive development programs for Meezan Bank Officers.

Under the agreement, Meezan Bank will also act as a strategic partner of the Islamic Finance Center at LUMS, assisting the establishment of ‘Center for Excellence in Islamic Finance’.

Meezan Bank president & CEO Irfan Siddiqui said: "This MoU will benefit from the synergy of Meezan Bank’s expertise in Islamic finance and LUMS’ academic capability and outreach, thus promoting Islamic banking awareness and market development."