Islamic finance, a rapidly expanding global trend, extends its influence beyond predominantly Muslim nations to European countries and the United States. The inherent sustainability and status as a superior financial alternative elevate the prominence of this phenomenon, attracting the professionals and researchers.
Keeping in view the importance, AlHuda CIBE, Dubai, UAE and Holy Book Finance LLC have entered into a Memorandum of Understanding (MOU). The MOU was signed at the El Prado Hotel in Palo Alto, California, USA, by Mr. M. Zubair Mughal, CEO of AlHuda CIBE, and Camille Silla Paldi, CEO of the Center for Holy Book Finance. This agreement signifies the collaboration between the two organizations.
M. Zubair Mughal said that Islamic finance is not only the interest of Muslim population rather non-Muslims are also taking keen interest to learn and implement it. There are various non-Muslim countries where Islamic banking and finance is providing their customers state-of-the-art services above all religious differences.
He added that according to this MoU, both organizations will work together to strengthen the abilities of Islamic banking and finance including advisory, consultancy, capacity building and online education services. He said that AlHuda CIBE is keeping an eye on Islamic banking and finance. —Zawya News
