Sharjah:The University of Sharjah (UOS) and Aafaq Islamic Finance have entered into a cooperation agreement aimed at establishing a long-term partnership. This partnership will focus on knowledge exchange, student support, training and employment programs, scientific research, and community-focused initiatives.
According to Emirates News Agency, the agreement was signed at the University by its Chancellor, Prof. Esameldin Agamy, and Othman Basit, Chief Executive of Aafaq Islamic Finance. The collaboration aims to advance sustainable development and serve the community by fostering cooperation among higher education, industry, and the financial sector.
Prof. Agamy highlighted the urgency of such cooperation as education evolves and universities adapt to society's needs. He noted that global challenges cannot be addressed by any one sector alone and emphasized significant developments in financial management and finance that require academic institutions to keep pace. He stressed the importance of practical training that provides students with real-world workplace experiences, enriching their education and equipping them with the skills needed for employment soon after graduation. Aafaq's support through scholarships and financial assistance was also acknowledged, providing eligible students with greater educational opportunities.
Othman Basit stated that supporting education and empowering young people are key priorities within Aafaq's corporate social responsibility efforts. He expressed pride in collaborating with the University of Sharjah and anticipated providing practical training opportunities for students, supporting educational initiatives, and enhancing the exchange of knowledge and expertise through the agreement.
The agreement outlines cooperation in research and studies related to Islamic finance, financing solutions, and advisory services. It also includes provisions for employment and training programs and student support through scholarships and financial assistance. Additionally, the University will recognize Aafaq as one of its student funding partners.