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Building links with Malaysia

08 June 2009

Dr David Grant and Mr Agil Natt sign the Memorandum of UnderstandingDr David Grant and Mr Agil Natt sign the Memorandum of Understanding

The University has signed a Memorandum of Understanding with an institution committed to producing world class education and research in Islamic Finance.

Cardiff Business School signed the Memorandum with the International Centre for Education in Islamic Finance (INCEIF), based in Malaysia, to provide a framework for exploring potential future collaborations in the areas of Islamic Finance and Takaful, an Islamic insurance concept. Both institutions will consider collaborations including the development of joint postgraduate research education, the provision of staff and student exchanges, and the development of joint research projects.

The agreement was formally signed by Vice-Chancellor Dr David Grant and Mr Agil Natt, the President of INCEIF. Also present was Dr Yusuf Karbhari, Reader in Accounting at Cardiff Business School.

Following the signing, Mr Natt paid a visit to Cardiff Business School where he joined several academic staff and representatives from the Malaysian Student Society for lunch. Speeches were given by Mr Natt and Professor Kent Matthews, Sir Julian Hodge Professor of Banking and Finance.

This Memorandum of Understanding further strengthens Cardiff’s existing links with Malaysia. Cardiff Business School already collaborates with INCEIF’s sister company, the Islamic Banking and Finance Institute Malaysia, and the Islamic Banking and Finance Centre UK in a new venture which sees Cardiff set to be the UK hub for Islamic finance education.

Earlier this year, the Welsh School of Pharmacy signed a Memorandum of Agreement with Taylor’s University College, Malaysia, which will lead to the collaborative provision of pharmacy degree programmes.

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