International Islamic University Islamabad (IIUI) has signed an MoU of cooperation with Securities and Exchange Commission of Pakistan (SECP). The signing ceremony took place at Faisal Masjid campus of the university wherein SECP Commissioner, Shauzab Ali, and IIUI President Prof Dr Ahmed Yousif Al Draiweesh, signed the MoU.
Speaking on the occasion, The SECP commissioner appreciated the enthusiasm and efforts made by International Islamic University for enhancing cooperation with financial sector regulator to bring academia and industry together for the greater good of society. He said that the future of financial industry in Pakistan belongs to capital markets and particularly its broad product base will be ideal for further development and promotion of Islamic financial industry in Pakistan. He told that the MoU is part of the SECP’s ongoing financial literacy and investor awareness campaign called ‘Jampunji’.
Therefore, collective efforts of regulators, industry players and academics are required to realize the potential of capital markets. Dr. Al Draiweesh also appreciated the SECP’s efforts and Jamapunji team and stressed that opportunity created through the MOU shall be converted into reality by a concentrated effort and that educational activities, including seminars, workshops, conferences be started forthwith. He also highlighted the university’s efforts for the development of society and Muslim ummah.
SECP Executive Director for Investor Education and International Relations, Khalida Habib, thanked the participants. She highlighted that Jamapunji team had already conducting regular awareness sessions for university students across Pakistan. The International Institute of Islamic Economics Director General, Dr Atiq-uz-Zafar also thanked the SECP for bridging the academia-industry gap and spreading financial literacy through its Jamapunji program.