Press Release
AlHuda CIBE Signs Strategic Partnership Agreement with AIFB
A landmark partnership to expand Shariah-compliant education, innovation, and financial inclusion across CIS
(September 25, 2025 (Dubai – UAE)): AlHuda Centre of Islamic Banking and Economics (CIBE), a global leader in Islamic finance advisory and capacity building, has signed a strategic partnership agreement with the Association of Islamic Finance and Business (AIFB), Kazakhstan. The collaboration aims to accelerate the development of Islamic banking and finance across Kazakhstan and other CIS countries through joint initiatives in education, advisory, consultancy, and training.
Under this agreement, both organizations will work collectively for the promotion and growth of Islamic finance in the CIS region. One of the key highlights of the partnership is AIFB’s commitment to promote AlHuda CIBE’s Distance Learning Programs on Islamic Banking and Finance in the Russian language, making professional education more accessible for students and professionals in Kazakhstan and other CIS countries.
The partnership further includes cooperation in advisory, consultancy, joint events, trainings, workshops, and conferences. Both institutions will mutually promote each other’s initiatives and leverage their respective expertise to strengthen the Islamic financial ecosystem in the region.
Mr. Muhammad Zubair Mughal, CEO of AlHuda CIBE, states that “Islamic finance in the CIS region is growing steadily and holds immense potential. AlHuda CIBE has been working in the CIS for the last 20 years with strong roots and deep connections to the financial and academic communities. Through this partnership with AIFB, we aim to further expand our efforts in promoting Shariah-compliant finance, capacity building, and distance learning opportunities to nurture the next generation of Islamic finance professionals in the region.”
Ms. Madina Tukulova, Chairperson of AIFB, said that “It is our great pleasure to sign this strategic partnership agreement with AlHuda CIBE. Together, we will work collectively for the development and promotion of Islamic finance and business in Kazakhstan and the wider CIS. This collaboration will not only support professional education but will also foster innovation and growth in Islamic financial markets across our region.”
This partnership marks a significant milestone in advancing Islamic finance in the CIS, bridging expertise from AlHuda CIBE’s two decades of global experience with AIFB’s strong regional presence and commitment to financial innovation.
About AIFB:
The Association of Islamic Finance and Business (AIFB), Kazakhstan is a non-profit organization registered under the Astana International Financial Centre (AIFC). It serves as a hub of expertise, education, and collaboration in the field of Islamic business and finance. AIFB brings together professionals, entrepreneurs, academics, and industry participants to promote Islamic financial principles, develop educational programs, support market growth, and foster a fair, ethical, and sustainable financial system in Kazakhstan and the wider CIS region.
About Alhuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy & Education through various well-recognized modes viz. We provide services in Islamic Financial Product Development, Shariah Advisory, Training, Islamic Microfinance, and Takaful Consultancy, complemented by our well-recognized publications in Islamic Banking and Finance.
We are dedicated to serving the community as a unique institution, advisory and capacity building since 2005. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. AlHuda has contributed to the growth of Islamic Banking and Finance in over 104 countries. Learn more at: www.alhudacibe.com
