The Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB) Group will collaborate with Jeddah-based Effat University to organize joint conferences on various aspects of Islamic finance.
Acting Director General of IRTI Dr. Sami Al-Suwailem and Effat University President Dr. Haifa Reda Jamal Allail signed a memorandum of understanding to facilitate the collaboration at the university’s campus on March 3.
The MoU provides a general framework to enable cooperation between the two institutions in implementing programs within their areas of mutual interest, in particular jointly organizing thematic conferences.
IRTI and Effat had previously collaborated to organize the 4th Islamic Finance Conference with the theme “Blockchain Smart Contracting and Islamic Financing,” held at the university’s premises in Jeddah in December 2018.
The new MoU is expected to strengthen cooperation between the two institutions for the benefit of the communities they both serve.
The IRTI is a member of the IsDB Group responsible for knowledge creation and dissemination in Islamic economics and finance, and fostering the use of Islamic finance to contribute to the sustainable development of IsDB member countries.