Memorandum of Understanding (Mou) Between Shaheed Zulfikar Ali Bhutto Institute Of Science & Technology (SZABIST), Karachi and Ihsan Trust
Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST), Karachi has signed a Memorandum of Understanding (MoU) with Ihsan Trust (IT) at SZABIST’s 90 Clifton Karachi on March 25, 2013. Dr.Saqib Rizavi, President SZABIST, Dr. Amanat Ali Jalbani, Vice President Academics SZABIST, Mr. Fayyaz ur Rehman Khan, Vice President, Product Development & Shariah Compliance Meezan Bank and Mr. Ahmed Ali Sidiqui, Head of PDSC, Meezan Bank and Treasurer, Ihsan Trust were present during the MoU signing ceremony.
This MoU confirms an understanding between SZABIST and IT for strengthening each other’s capacity in providing education to those individuals who have acquired admission in SZABIST on merit but are not in the financial position to afford tuition fee. Meezan Bank will facilitate Qarz-e-Hasna facility to needy students of SZABIST so that they can complete their education at 0% interest rate. Ihsan Trust will provide 40% of tuition and other fee as Qarz-e-Hasna, while SZABIST will give upto 40% scholarship through SZABIST Scholarship Fund. The selected student will contribute the rest.
This event was attended by faculty, staff and students of SZABIST, in presence of dignitaries from Meezan Bank.