IBA Karachi and Salaam Takaful Limited partner to provide interest-free loans to students

September 13, 2022: The Institute of Business Administration (IBA), Karachi and Salaam Takaful Limited signed a Memorandum of Understanding (MoU) to provide interest-free loans / Qarz-e-Hasna to students and build awareness about corporate world.

MD and CEO, Salaam Takaful Limited, Mr. Rizwan Hussain, and Executive Director IBA, Dr. S Akbar Zaidi, signed the MoU on behalf of their respective institutions. Representatives from Salaam Takaful included Head of HR, Mr. Noman Zaidi; Head of Marketing, Mr. Farhan Sheikh; and Deputy Manager, Mr. Shahryar Mallick. The IBA was represented by Director Corporate Relations and Resource Mobilization, Ms. Malahat Awan, and Manager Resource Mobilization, Mr. Sameer Khaleequzzaman.

Salaam Takaful Limited has offered to provide interest-free loans / Qarz-e-Hasna, scholarships and job opportunities to the students of IBA. Ms. Awan explained various initiatives IBA has taken to facilitate the students to pursue their education. With the rising cost of education, it has become imperative for institutions and the corporate world to help students overcome financial obstacles.

During his remarks, Mr. Rizwan highlighted the efforts Salaam Takaful Limited is putting into spreading awareness about the corporate world. They also aim to assist IBA in providing practical knowledge and education to the students about all developing sectors. He said, "ESG is a part of our organization's DNA, and we are taking initiatives on all fronts to create the right and meaningful social impact. In that connection, our team will work to devise a brilliant ecosystem for students which will not only help them financially, but also give them an opportunity to gain practical knowledge pertaining to the intricacies of the corporate world, while mentoring them from the platform of Salaam Takaful Limited."

IBA Karachi and Salaam Takaful Limited aspire to empower individuals by ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all.