Bank Alfalah Limited has entered into a strategic partnership with the Lahore University of Management Sciences (LUMS) to advance education, innovation, and sustainability initiatives across Pakistan. On November 5, a memorandum of understanding (MoU) was signed at a high-profile ceremony attended by Mr. Atif Bajwa, President and CEO of Bank Alfalah, and Dr. Ali Cheema, Vice Chancellor of LUMS. The agreement formalizes a collaborative framework aimed at strengthening student support, fostering academic excellence, and driving long-term impact in research and sustainable development.
The signing ceremony brought together senior leadership from Bank Alfalah, reflecting the bank’s strong commitment to this partnership. Key attendees included Dr. Muhammad Imran, Group Head of Islamic Banking; Ms. Mehreen Ahmed, Group Head of Retail Banking; Mr. Khan Faisal Farooq, Chief Human Resources Officer; Mr. Mo. Raheel Yousuf, Chief Marketing Officer; and Ms. Madiha Javed Qureshi, Head of Corporate Communications. Their presence highlighted the bank’s focus on education, innovation, and societal impact as central pillars of its corporate strategy.
Under this partnership, Bank Alfalah will provide extensive support to LUMS students, particularly National Outreach Programme scholars and financial aid recipients. The collaboration is designed to enhance access to education for talented students across the country, ensuring that financial constraints do not hinder their academic aspirations. By investing in the future of students, Bank Alfalah aims to contribute directly to the development of skilled professionals capable of driving innovation and progress in Pakistan.
The MoU also outlines support for LUMS’ research initiatives. Bank Alfalah will contribute to the Centre for Islamic Finance Endowment Fund, reinforcing efforts to advance scholarship and research in Islamic finance and related disciplines. Additionally, the bank will support the establishment of the Air Quality and Climate Lab, a project dedicated to environmental research and sustainable development. This initiative reflects a growing emphasis on environmental responsibility and the role of financial institutions in promoting climate-conscious innovation.
Both institutions emphasized the mutual benefits of this collaboration. Dr. Ali Cheema highlighted that the partnership would strengthen LUMS’ capacity to support students and enhance its research programs, creating a tangible societal impact. Mr. Atif Bajwa remarked on the importance of empowering students and supporting initiatives that foster knowledge, sustainability, and innovation, reinforcing Bank Alfalah’s role as a socially responsible financial institution.
The collaboration is expected to generate long-term positive outcomes, providing students with the resources and guidance needed to excel academically and professionally. By integrating financial support, research funding, and sustainable development projects, Bank Alfalah and LUMS are creating a holistic framework for nurturing talent and driving innovation in Pakistan.
This partnership demonstrates a shared vision of empowering education, advancing research, and promoting sustainable practices. Through initiatives such as student support programs, the Islamic Finance Endowment Fund, and the Air Quality and Climate Lab, Bank Alfalah and LUMS are setting a benchmark for collaboration between financial institutions and higher education organizations.
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