Faisalabad, A Memorandum of Understanding (MOU) was signed between the National Textile University (NTU) and the Ihsan Trust in a ceremony held on December 19, 2023. The agreement marks a significant collaboration in the field of Islamic banking education.

According to National Textile University, Mr. Fayyaz-ur-Rehman Khan, General Manager of Ihsan Trust, which operates under Meezan Bank, visited NTU to deliver an informative presentation on the workings of the Ihsan Trust and the principles of Islamic banking. His presentation was aimed at students, faculty, and management of the university.

The Ihsan Trust is notably involved in providing interest-free loan facilities to over 4000 students from more than 160 universities across Pakistan. During his visit, Mr. Khan enlightened the audience on the core ideas, concepts, and principles underlying Islamic banking. He also made a specific effort to explain the distinctions between Islamic and conventional banking to the students of FBS (Faisalabad Business School).

The MOU was formally signed by Dr. Tanveer Hussain, Rector of NTU, Dr. Sajjad Ahmad Baig, Dean of Faisalabad Business School, and Dr. Danish Mahmood Baitab, Advisor to Students. This collaboration is expected to enhance the understanding and application of Islamic banking principles among the students and faculty of NTU.