Labuan enters MOU with INCEIF 27 January 2014Kuala Lumpur Reporter: Daniel Jackson
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The Labuan International Business and Financial Centre (LIBFC) and INCEIF, the Global University of Islamic Finance, have signed a memorandum of understanding to establish a collaborative framework towards raising awareness on Islamic wealth management.
The research topics proposed will cover key components of Islamic wealth management including shariah-compliant wealth acquisition, risk management, Islamic wealth preservation and wealth distribution.
According to Saiful Bahari Baharom, CEO of Labuan IBFC: “This strategic partnership will benefit both Labuan IBFC and INCEIF in terms of pooling our resources to conduct more research into understanding shariah issues in wealth management. We hope to feature the findings from this research into an annual journal focusing on wealth management.”
Daud Vicary Abdullah, president and CEO of INCEIF, said that the university is honoured to add another important industry partner to its growing pool of strategic collaborations.
Duad said: “This collaboration with Labuan IBFC is a perfect fit for INCEIF as we both share a vision to develop and promote knowledge in Islamic finance particularly in Islamic wealth management. As the only university in the world to focus exclusively on Islamic finance education and research, INCEIF has become a preferred partner and place of study for many.”
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