Khaleeji Bank, a leading Islamic bank in Bahrain, has sealed a Memorandum of Understanding (MoU) with Euro University Bahrain to provide innovative education financing solutions.
The MoU was signed by Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, and Prof. Andrew Robert Nix, President of Euro University Bahrain. The signing ceremony was held in the presence of managers and officials from both institutions at Khaleeji Bank’s headquarters in the GFH Tower.
The partnership highlights the bank’s commitment to supporting the region’s education sector by offering innovative, Shari’a-compliant banking products and services that meet the evolving needs and enhance the financial sustainability of the sector.
Through this move, Khaleeji Bank aims to help parents secure funding for their children’s tuition fees with a convenient repayment plan. This solution enables parents to manage their financial commitments while securing a bright future for their children.
Additionally, the partnership encourages the university students to explore a range of financial products and offerings, especially the Ajyal Accounts. Furthermore, the collaboration will organize regular workshops on the campus to provide students with insights into dedicated banking products and financial management practices, aimed at promoting a culture of saving and financial responsibility among the youth.
Ameera Ahmed Al Abbasi Head of Retail Banking – Khaleeji Bank
“We are delighted to strengthen our partnership with Euro University Bahrain. At Khaleeji Bank, we believe that investing in education is the most important investment for the future of our nation. Through this partnership, we provide flexible and Shari’a-compliant financing solutions that enable students to focus on their studies without placing undue financial burdens on their parents, while also contributing to building a generation equipped with the tools for success and fostering lasting trust between the bank and the academic community in the Kingdom of Bahrain.”
Prof. Andrew Robert Nix, President of Euro University Bahrain, added that, “This agreement marks a strategic step towards enhancing the learning environment at Euro University Bahrain. It paves the way for innovative financial solutions that allow our students to pursue their academic programs with greater ease, encourages parents to invest in their children’s futures, and affirms our commitment to offering a holistic educational journey that combines quality with affordability, further strengthening our partnership with national players in the financial sector.”
