IMSciences wins Rs 21.93 million FIC Fund to set up CEIF

The Institute of Management Sciences (IMSciences), Peshawar won Rs 21.93 million as contribution of Financial Innovation Challenge Fund (FICF) Round on "Promoting Excellence in Islamic Finance," according to a press release issued here on Saturday. The release said the fund is established by the UKAID and is implemented in Pakistan by the State Bank of Pakistan. IMSciences secured the fund based on its highly qualified faculty in Islamic finance, knowledge and research infrastructure, and collaborations with national and international partners in the industry.