Karachi, October 8, 2024– Faysal Bank Limited (FBL) Pakistan’s leading Islamic Bank, has officially signed a Memorandum of Understanding (MOU) with The Citizens Foundation (TCF) to impart financial literacy to TCF students across Pakistan. The partnership was formalised today at a signing ceremony held at FBL’s Head Office, with Mr. Isfandyar Inayat, Vice President of Development at TCF, and Ms. Farah Asim, Head of Corporate Affairs at FBL, signing the MOU on behalf of their respective organisations.
This partnership aims to empower students with essential financial knowledge and skills while providing FBL employees with opportunities to engage in meaningful volunteering activities across the Bank’s footprint. By directly contributing to TCF’s educational initiatives, FBL hopes to make a lasting positive impact on the communities it serves.
As part of this collaboration, FBL will conduct well-curated financial literacy sessions covering important topics such as saving, budgeting, and financial planning. These sessions will also include discussions helping young individuals understand financial concepts within an Islamic banking framework while ensuring inclusivity.
Speaking on the occasion, Ms. Farah Asim, Head of Corporate Affairs at FBL, said, “This partnership with TCF is a meaningful step in empowering the next generation with the knowledge to make informed financial decisions, while staying true to our core value of Care—specifically our care for the community. The State Bank of Pakistan has paved the way for more impactful work in this space, and we are privileged to contribute to that progress. Through this initiative, we extend our reach to uplift and support the communities that need it most, reinforcing our commitment to making a positive and lasting impact.”
Mr. Isfandyar Inayat, Vice President of Development at TCF, also shared his thoughts: “We are delighted to partner with Faysal Bank in this important initiative. Financial literacy is a crucial skill for young people, and this collaboration will help equip our students with the knowledge they need to succeed in the future.”
Through this joint effort, FBL and TCF aim to empower the youth with practical financial knowledge, helping them navigate their financial futures responsibly and with confidence.
