Islamic Finance News Portal – Bringing you the latest updates in global Shariah finance

Watch out for news alert!

CIMA becomes first accountancy body with Islamic finance certificate

with 3 comments

Points of Essence:

  • CIMA plans to offer Certificate in Islamic Finance to meet the global demand for an Islamic finance certification.
  • The certificate will be the first qualification offered by a professional accounting body and offered in collaboration with the Malaysian International Institute of Islamic Finance (IIIF).

The growing demand internationally for Islamic finance has ventured CIMA to be the first professional accountancy body globally to offer a ‘Certificate in Islamic Finance’ that covers Islamic commercial law, Islamic banking and Takaful, Islamic capital markets and instruments and Accounting for Islamic financial institutions.Mr Faizal Salieh, Managing Director/CEO of Amana Investments Ltd, spoke to an enthusiastic cross section of members and passed finalists of the Chartered Management Accountants body (CIMA) CIMA Students and members on “ISLAMIC FINANCE AND BANKING: THE FIRST PRINCIPLES” at a programme organised by the Management Information and Resource Centre of the CIMA Sri Lanka division.

Mr Salieh who counts over 30 years of professional banking experience including conventional commercial banking, development banking and Islamic financial services elaborated on the principles of the Sharia law and explained how the Islamic banking and financial services and products are developed and delivered in keeping with these principles. He also spoke at length on the Islamic financial services its products and introduced several key technical terms been used in the industry. Mr Salieh’s presentation was followed by a lively discussion by the audience on Islamic Fnance and Banking.

Islamic Finance and Banking has a 40 year history since its origination as an organised practice in the ‘60s. Today it is the fastest growing segment in the global financial industry evoking encouraging responses from a wide cross section of customers, markets, conventional banks, regulators and policy makers across the world. It is no longer confined to the traditional boundaries of Islamic nations and is spreading in European countries including the UK and Far Eastern countries such as Thailand and Singapore.

With the growing demand internationally for Islamic finance, CIMA now offers a certificate course in Islamic Finance that covers Islamic commercial law, Islamic banking and Takaful, Islamic capital markets and instruments and Accounting for Islamic financial institutions.

The Certificate in Islamic Finance from CIMA is the first truly global qualification of its kind to be offered by a professional accountancy body and is offered in collaboration with the International Institute of Islamic Finance (IIIF) in) in Kuala Lumpur, Malaysia – a leading provider of in Islamic educational products.

Source: http://www.dailymirror.lk

Advertisements

Written by Suapi Shaffaii

August 20, 2008 at 7:49 am

Posted in Human Talent

Tagged with ,

3 Responses

Subscribe to comments with RSS.

  1. I am looking to find financial certifications in the Uninted States.

    What resources are available?

    Rod Taylor
    Tulsa, Oklahoma, USA

    Rod Taylor

    November 1, 2008 at 4:59 am

  2. The CIMA Certificate in Islamic Finance (Cert IF) is the first global qualification offered by a professional chartered accountancy body with sponsorship from HSBC Amanah to focus on the fast growing sector of Islamic finance.

    The certificate is valuable for newcomers to Islamic finance as well as financial professionals seeking accreditation and qualification in this field.

    CIMA Cert IF is a self study, distance learning qualification, and is available for study across the globe. For more information and registration visit their web-site, http://www.CIMAglobal.com/IslamicFinance

    I’ve passed all the 4 papers in first attempt with an aggregate 84% marks in mid-February 2009 (Masha Allah), which made me the 12th person in the World to have attained this qualification.

  3. CIMA should welcome this development and hope to reach agreement on such a body in which our qualification If your business is professional competence. Development at any stage, if the products are considered CIMA their work area as diluting the value of basic skills.

    islamic banking certificate

    September 10, 2010 at 5:26 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: