Headline: MYTM and AlHuda Centre of Islamic Banking and Economics Forge Strategic Partnership in Islamic FinTech Advancement
Subheadline: Dr. Sohail Zafar Cheema and Mr. Muhammad Zubair Mughal Lead Signing Ceremony for Memorandum of Understanding
In a significant move towards the advancement of Islamic FinTech, MYTM, a leading FinTech company, and AlHuda Centre of Islamic Banking and Economics (CIBE) have officially entered a strategic partnership, as announced today during a momentous signing ceremony.
The ceremony, graced by key industry figures including Dr. Sohail Zafar Cheema, Chairman of MYTM and former Minister of Commerce & Investment, and Mr. Muhammad Zubair Mughal, Chief Executive Officer of AlHuda CIBE, solidified the commitment of both organizations to foster innovation and accessibility within the Islamic finance landscape.
Under this collaboration, AlHuda CIBE will utilize its extensive global network and expertise to spearhead the marketing and distribution of FINOVA, MYTM’s innovative Islamic FinTech suite. This move represents a significant step forward for both entities in their mission to provide cutting-edge solutions to the Islamic finance industry.
AlHuda CIBE, recognized globally for its excellence spanning nearly two decades, offers a wide array of services including advisory, consultancy, capacity building, and research and development initiatives. With a team of dedicated professionals, AlHuda CIBE has established a prominent presence across continents, serving clients in diverse regions such as the Americas, Africa, Central Asia, Asia, and the Middle East.
Embracing the transformative potential of technology, AlHuda CIBE has embarked on a forward-thinking journey by integrating advanced FinTech solutions into its service portfolio. From Blockchain applications to Artificial Intelligence (AI), the organization actively explores various avenues including InsurTech, cryptocurrencies, NFTs, CBDCs, RegTech, Metaverse, AR, VR, Robo advisory, and Neo banking solutions.
The strategic partnership between MYTM and AlHuda CIBE signifies a notable advancement in the global accessibility of Islamic FinTech solutions. With a shared commitment to innovation and advancement, this collaboration aims to drive the Islamic finance industry towards a more sustainable and accessible future.
In an era where technology reshapes industries, this alliance recognizes the pivotal role of FinTech in shaping the future of financial services, particularly in the Islamic finance domain. By leveraging MYTM’s innovative solutions alongside AlHuda CIBE’s established network and expertise, this partnership is poised to revolutionize Islamic financial services on a global scale.
About AlHuda CIBE:
For over eighteen years, AlHuda Centre of Islamic Banking and Economics (CIBE) has been a cornerstone of the Islamic banking and finance industry. Offering a comprehensive suite of services, including advisory, consultancy, Shariah compliance, and training workshops, CIBE empowers professionals and institutions within the sector. With a commitment to knowledge sharing and global outreach, CIBE serves clients in over 35 countries worldwide, contributing significantly to the growth and development of Islamic banking and finance.
