A memorandum of understanding to share research and knowledge has been signed by Dubai Centre for Islamic Banking and Finance and Zhishang Interculture Communication.

Dubai Centre for Islamic Banking and Finance, a unit of Hamdan Bin Mohammad Smart University, has signed a memorandum of understanding with Zhishang Interculture Communication, reports Trade Arabia.

The two organisations will work together to share knowledge, exchange research and academic results and publish research reports in Chinese.

The memorandum of understanding was signed at the Hamdan Bin Mohammad Smart University’s campus in December 2015 by Mansoor Al Awa, chancellor of the university, and Lee Hang, chief executive of Zhishang Interculture Communication.

The agreement has provisions for joint conferences, workshops, forums and academic seminars. It also allows for both parties to issue Islamic bonds to Chinese entities.

Al Awa said: “This mutually beneficial collaboration is aligned with the university’s full commitment to human capital development in Islamic banking and finance through the provision of quality education, training, research and community service. The agreement also further bolsters our mission to help drive Arab economies through knowledge creation.”