aafaq Islamic Finance, a leading provider of Islamic finance products and e-government services in the UAE, has recently signed a Memorandum of Understanding (MoU) with the Dubai Centre for Islamic Banking and Finance (DCIBF) of Hamdan Bin Mohammad Smart University (HBMSU). The agreement was signed by the University’s Chancellor, Dr. Mansoor Al Awar, and H.E. Abdul Jaleel Al-Blouki, Vice Chairman of “aafaq Islamic Finance”, at the HBMSU campus in the presence of senior officials from both sides.

The MoU establishes a framework for facilitating collaboration and cooperation between aafaq and DCIBF in developing human capital, resources and capabilities in Islamic Finance as well as pursuing other mutually beneficial activities and projects. As part of the MOU, a series of projects and initiatives supporting Dubai’s transformation into a capital of the global Islamic economy will be launched.