LAST_UPDATEMon, 18 Jun 2018 3pm

CIMB Islamic Signs Mou With INCEIF

CIMB IslamicCIMB IslamicKUALA LUMPUR: CIMB Islamic Bank today signed a memorandum of understanding (MoU) with the Global University of Islamic Finance (INCEIF) to build a collaborative framework towards establishing a research centre for Islamic banking studies.

CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani said the bank had allocated RM1.5 million as sponsorship over the three-year collaboration period.

He said the MoU also aims to enhance and strengthen Malaysia's position as a globally recognised marketplace for Islamic banking and Islamic finance.

"This collaboration is a significant move for both organisations as it provides an avenue to delve deeper into Islamic banking and further establish the bank as the thought leader within the industry," he told a media conference, here today.

The MoU ceremony took place during the 11th Kuala Lumpur Islamic Finance Forum (KLIFF 2014).

INCEIF chief operations officer Mohd Zamree Mohd Ishak said the university had become a preferred partner and place of study, since it was the only institute in the world that focuses solely on Islamic finance education and research.

"CIMB Islamic is a perfect fit to our university as we both share the same vision to promote knowledge in the Islamic finance," he added.

-- Bernama