SBP to set up centers of excellence in Islamic finance at 3 institutions
The State Bank of Pakistan (SBP) held a signing ceremony for Financial Innovation Challenge Fund (FICF) on promoting excellence in Islamic finance in Pakistan 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 higher education institutions which was earlier launched by Finance Minister Ishaq Dar on January 9, 2015. At the ceremony, three projects were signed with Institute of Business Administration (IBA), Lahore University of Management Sciences (LUMS) and Institute of Management Sciences (IM Sciences).
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