FOR IMMEDIATE RELEASE
Muhammad Abbas & Co. Signs MOU with International Islamic University, Islamabad to Advance Academia–Industry Technology Collaboration
Partnership brings IIUI’s Faculty of Computing & IT together with MAC’s accounting, tax, and audit practice to develop practical technology solutions, and to create research, training, and career opportunities for IIUI students
Islamabad, Pakistan — September 22, 2026 — International Islamic University, Islamabad (IIUI) and Muhammad Abbas & Co., Chartered Accountants (“MAC”), a firm of Chartered Accountants registered with the Institute of Chartered Accountants of Pakistan (ICAP), have signed a Memorandum of Understanding (MOU) establishing a framework for academia–industry collaboration in technology development, innovation, and commercialization.
Under the MOU, IIUI’s Faculty of Computing & IT — including its Department of Computer Science — and MAC will work together to identify real business and professional-service problems that can be addressed through technology, and to develop practical solutions spanning artificial intelligence, automation, tax technology, accounting technology, audit technology, and other digital systems. MAC will contribute domain expertise, business requirements, and market context, while IIUI will provide technical and academic expertise through its faculty, researchers, and students.
The collaboration is expected to span five key areas:
- Joint Research & Development — AI, automation, data analytics, tax technology, accounting technology, audit technology, and digital transformation
- Product & Solution Development — software applications, AI solutions, ERP/business systems, tax and compliance platforms, and automation tools
- Student & Final-Year Projects — industry-relevant problem statements, mentorship, and applied research opportunities for IIUI students
- Internships & Employment — internships, industrial placements, and employment opportunities for IIUI students and graduates, subject to availability and merit
- Technology Transfer & Entrepreneurship — a pathway from prototype to pilot and, where commercially viable, toward deployment — including linkage with IIUI’s Business Incubation Center (BIC)
From the signing
PhotographsThe MOU is non-exclusive and establishes a framework for mutual collaboration rather than fixed obligations for either party, with specific projects to be documented through separate written agreements as they are developed and mutually agreed.
About International Islamic University, Islamabad (IIUI)
International Islamic University, Islamabad (IIUI) is a federally chartered public university established in 1980 and one of the largest and most internationally diverse universities in Pakistan, with students from more than fifty countries. Its Faculty of Computing & IT — comprising the Departments of Computer Science, Software Engineering, and Bioinformatics — advances research, education, and industry collaboration in computing, with a focus on preparing graduates to address real-world technological challenges.
About Muhammad Abbas & Co., Chartered Accountants
Muhammad Abbas & Co. (MAC) is a QCR-rated firm of Chartered Accountants registered with the Institute of Chartered Accountants of Pakistan (ICAP), based in Islamabad, providing accounting, taxation, financial reporting, compliance, and advisory services to clients across Pakistan and internationally.