The MoU signed in Lahore by the heads of the both of the banks. The head of HBL islamic banking and CEO of AKhuwat Dr AMjad Saqib.
Furthermore, the purpose of the MoU is to provide low cost housing to the masses. Through the mutual cooperation of both of the banks( HBL & Akhuwat). Both of the banks will come together in this MoU to provide loans which will be compliant to Shariah.
Moreover, Al Meezan Investments signed an agreement with the directFN to acquire their services. Hence, To implement Comprehensive Asset Management Core System as directed in a press release yesterday. The new Core System will help customers of the Al Meezan Investments manage the complete suit of services in a single window.