November 23, 2018 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has signed a Memorandum of Understanding (MoU) with three centers of excellence in Islamic finance, i.e., LUMS, IBA and IMS, to join forces for the promotion and development of Islamic capital markets.
Considering the need for development of Islamic finance and to collaborate with leading centers of excellence in Islamic finance (CEIF) for their common goal, the SECP entered into the MOU whereby the parties agreed to make joint and collaborative efforts for the development of a vibrant Islamic capital market.
The MOU covers the areas of mutual collaboration in developing programs for training and education in Islamic finance, facilitating exchange of resources, relevant academic information, events calendar, materials and technical expertise necessary for the development of training and education in Islamic finance; to undertake joint research and development in priority areas of Islamic capital markets, among other things.
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