Islamabad, Pakistan –In a significant step towards fostering international collaboration in Islamic finance, Meezan Bank Limited, Pakistan’s leading Islamic bank, and the Participation Banks Association of Türkiye (TKBB) have signed a Memorandum of Understanding (MoU) to drive innovation, knowledge sharing, and capacity building in the sector.

The MoU was exchanged during the official state visit of Turkish President Recep Tayyip Erdoğan to Pakistan, in a high-level ceremony at the Prime Minister’s House in Islamabad. The exchange was witnessed by Prime Minister Shehbaz Sharif, President Erdoğan, and senior delegates from both nations. 

The agreement was executed by Mr. Ahmed Ali Siddiqui, Group Head of Shariah Compliance at Meezan Bank, and İsmail Vural, Secretary General of TKBB.

This landmark partnership aims to strengthen cross-border cooperation in Islamic banking by focusing on three key areas:

1. Capacity Building & Talent Development

• Joint certification programs and training workshops on:

• Advanced Islamic finance principles

• Shariah governance and regulatory frameworks

• Sukuk structuring and Islamic capital markets

2. Knowledge Exchange & Innovation

• Establishment of collaborative platforms for:

• Sharing technical expertise in product development

• Best practices in regulatory compliance

• Digital transformation and fintech solutions in ethical banking

3. Operational Excellence & Financial Inclusion

• Systematic exchange of strategies on:

• Customer-centric Islamic banking models

• Risk management frameworks tailored for Shariah-compliant finance

• Expanding financial inclusion through innovative Islamic banking solutions

This strategic alliance underscores the shared vision of Meezan Bank and TKBB to enhance human capital, operational capabilities, and cross-border synergies in Islamic finance. By leveraging their collective expertise, both institutions aim to promote ethical banking practices, drive financial inclusion, and support the global growth of Islamic finance.