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AUK Collaborates with KFH to Enhance Students' Learning Experience

The Dean of the College of Business & Economics at AUK, Professor Jin Wang and Dr. Ali Aljamal, Chair of the Department of Economics, met with Mr. Hamad Abdulmohsen Al-Marzouq, Chairman of Kuwait Finance House (KFH), in January to explore possible venues for collaboration. The meeting was arranged following a lecture by Chairman Al-Marzouq at AUK last October entitled "Islamic Banks vs. Conventional Banks Differences and Similarities"."

During his lecture, Mr. Al-Marzouq highlighted principles of the Islamic financial system, some key differences between Islamic banks and conventional financial and banking systems in terms of philosophy, mission and risk treatment.He also discussed recent trends in terms of growth and development of Islamic banking and financing. President Nizar Hamzeh received the Chairman and attended the lecture along with crowds of faculty, students and members of the general public.

KFH, as a global leader in Islamic banking and finance, plays an important role not only in the Kuwaiti economy, but the regions as well. This event bridges the divide and provides AUK faculty and students with opportunities to remain abreast in this vital sector in Kuwait and the Gulf and offers venues for collaboration in teaching, research, and experiential learning programs. This comes in line with AUK's commitment to obtaining prestigious programmatic accreditations, such as the Association to Advance Collegiate Schools of Business (AACSB) accreditation.

"The lecture by the KFH Chairman in October and our subsequent meeting with him in January provide opportunities for future conversations and engagement with the leaders in the Islamic banking sector, which will enrich and strengthen our portfolios for earning AACSB accreditation as AACSB accreditation demands evidence of continuous quality improvement in three vital areas: engagement, innovation, and impact," said Dean Wang.

"We are on the lookout for opportunities to establish ties and relationship with the very business community we serve. This outward orientation pays dividends on all levels. It enables us to develop academic programs responsive to the needs of the job market, advances our research and scholarship, and enriches learning experiences of our students," said Dr. Aljamal.

Following the inaugural presentationof Mr. Al-Marzouq, KFH offered to hold a "Sukuk Seminar" for students and AUK stakeholders in April, as part of their corporate social responsibility. The seminar, which is free of chargeand open to all AUK students, is on practical applications of Sukuk in the Financial Markets by Mr. Mohammad Al-Duwailah, Chief Dealer of Capital Markets at Kuwait Finance House. The "Sukuk Seminar" will take place on 13 April 2016 in AUK's Multipurpose Room. It will be hosted by the Center for Continuing Education in collaboration with the College of Business & Economics and will be held during AUK Career Week.

Events such as these foster interaction between CBE and students on one hand and the business world and its leaders on the other. It is part of CBE’smission to establish closer ties and meaningful relationships with industry leaders in order to remain informed of their needs promote scholarship and engage in research that can pay dividends to our community and its stakeholders.

About KFH
Kuwait Finance House (KFH) is considered a pioneer in the banking phenomenon known as Islamic Finance or Shari'a Compliant Banking. KFH is the first Islamic bank established in 1977 in the State of Kuwait and today it's one of the foremost Islamic financial institutions in the world.

KFH has steadily managed to expand its business and achievements to lead the Islamic banking industry and become a pioneer financial establishment, not only in the Islamic banking industry, but also in the banking sector as a whole, besides being one of the biggest lenders in both the local and regional markets.

KFH provides a wide range of banking Shari'a compliant products and services, covering real estate, trade finance, investment portfolios, commercial, retail and corporate banking and is available in Kuwait, Kingdom of Bahrain, Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Malaysia, and Germany.

Mr. Hamad Abdulmohsen Al-Marzouq, Chairman of Kuwait Finance House (KFH)

AUK President, Professor Nizar Hamzeh with Mr. Hamad Abdulmohsen Al-Marzouq

Dr. Ali Al Jamal, Dr. Ali Aljamal, Chair of the Department of Economics

A group photo of the CBE faculty and students with AUK President and Mr. Al-Marzouq

Released by the Office of Public Affairs on the 10th March 2016

Photography by the Office of Public Affairs (C) 2016

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