Islamic Finance in CPEC: Meezan Bank signs MoU with Al-Sadiq Limited

Meezan Bank signed a MoU with Al-Sadiq Consulting Ltd to explore opportunities for Islamic finance in China-Pakistan Economic Corridor (CPEC). The agreement focuses on the ever-increasing economic participation between Pakistan and China and the opportunities that may be derived from improved Islamic banking channels between the two countries. The MoU was signed by Irfan Siddiqui, President & CEO Meezan Bank and Ibrahim Ding, Managing Director and Senior Partner Al-Sadiq Consulting at Meezan Bank's Head Office, Karachi.
As per the MoU, the two parties expressed a strong commitment to the continued growth of Islamic finance collaborating on the research and identification of a series of projects in the public and private sector of the country, with specific focus on infrastructure and industrial development. Meezan Bank also expressed interest in providing financial, advisory and Shariah-related services to such and similar projects and transactions in collaboration with Al-Sadiq Consultancy.
Irfan Siddiqui, President & CEO Meezan Bank welcomed the enthusiasm of the Chinese experts/delegate and said, "We are extremely confident that our new partnership with Al-Sadiq Consulting Ltd, China's first Islamic finance Consultancy company will successfully be able to drive more advantages for Islamic finance in the near future." This collaboration would strengthen Meezan Bank's close ties with China and various foreign stakeholders by connecting to the Bank's largest local network of Islamic finance in the country.-PR