Friday, 3rd October 2025

Riphah International University (RIU) and Al Baraka Bank Pakistan have officially signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at strengthening academia–industry collaboration.

The agreement reflects a shared vision of bridging the gap between higher education and the corporate sector by fostering innovation, research, and professional development opportunities. Through this collaboration, Riphah students and faculty will gain practical exposure to the financial and banking industry, while Al Baraka Bank will benefit from fresh academic insights and research-driven solutions.

During the signing ceremony, Mr. Hassan Muhammad Khan, Chancellor of Riphah International University, and Mr. Muhammad Atif Hanif, President of Al Baraka Bank Pakistan, highlighted the importance of creating strong synergies between academia and industry. They emphasized that such partnerships are essential for preparing graduates with market-relevant skills to meet the evolving needs of Pakistan’s economy.

The MoU also aims to promote sustainable growth by encouraging knowledge exchange, capacity building, and practical engagement opportunities for youth.

Riphah International University extends special appreciation to Mr. Raza Khan, Director Finance & DVC Management, for his invaluable support and commitment in making this collaboration possible.