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Emirati woman becomes world’s first ever recipient of CIMAs Islamic finance certificate

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Points of Essence:

  • Rehab Lootah, a senior vice president of the UAE based Mawarid Finance has emerged the world’s first female recipient of CIMA’s Islamic finance certificate. The certificate comprises professional study of Islamic commercial law, Islamic banking and takaful, Islamic capital markets and instruments and Islamic corporate finance accounting, with comprehensive case study on contract-based Islamic banking transactions. Eyeof dubai.com has the report.

Rehab Lootah, Senior Vice President, Mawarid Finance pjsc

Rehab Mohammed Lootah has been awarded CIMA’s Certificate from the Chartered Institute of Management Accountants, a London-headquartered institute with eight branches in China, Hong Kong, India, Ireland, Malaysia, Singapore, South Africa and Sri Lanka. With this achievement, Rehab Lootah becomes the world’s first woman ever awarded a certificate in this highly specialized professional area.

“The importance of this professional specialization stems out of the vital role played throughout the world by Islamic banking industry including Islamic financing and investment governed by the principles and provisions of Islamic Sharia;” said Rehab Lootah, Mawarid’s SVP-Business Development, Products and Corporate Communication and CEO-Tamaiaz Award.

Rehab added: “Islamic banking constitutes for the Islamic world a basis of economic and social development and is viewed as a practical realization of concepts and rules of Islamic economy.”

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Written by Suapi Shaffaii

December 31, 2008 at 1:39 am

CIMA becomes first accountancy body with Islamic finance certificate

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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.

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Written by Suapi Shaffaii

August 20, 2008 at 7:49 am

Posted in Human Talent

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