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Saudi HRD forms strategic alliance with Five Pillars

On October 20, 2009 Saudi HRD tied up with Singapore based Islamic Finance consultancy Five Pillars to offer Islamic finance training in Riyadh, Saudi Arabia.

With the growing interest of financial institutions to adopt Shari’a compliant banking, the need for tying up with a professional Islamic finance consultancy was important for us to leverage opportunities in the financial sector.

Raj Mohamad, Managing Director of Five Pillars says: “This partnership assists in bringing the financial management know-how from the Far East into the Middle-East and spearheads the development of Islamic financial products”.

With Saudi HRD & Five Pillar’s first successful Islamic Finance training program underway to a large financial institution in Saudi Arabia, we see a promising future for our cooperation.

Currently offering Islamic finance solutions to clients in Saudi Arabia, together with Five Pillars we hope to develop more specialized banking courses in the future to address the market needs and help bridge the gap.