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Posts Tagged ‘Islamic Finance Training Providers

Don: Better knowledge of Islamic financing needed

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Points of Essence:

  • Inceif, an Islamic finance training outfit, collaborated with Britain’s University of Reading to offer a masters course on investment banking and Islamic finance. Commencing in September, the 12 month course aims towards filling in the knowledge gap in the Islamic finance to take the industry to a greater height. Bernama has the report.

KUALA LUMPUR: The lack of understanding of Islamic financing needs to be addressed so that people are not confused and misguided, says International Centre for Education in Islamic Finance (Inceif) chief academic officer/dean Prof Datuk Dr Syed Othman Alhabshi.

He said even some employees who worked at Islamic banks couldn’t fully understand the concept of syariah-compliance.

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Written by Suapi Shaffaii

January 8, 2009 at 4:25 pm

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

IBFIM Plans To Offer Islamic Financial Planner Programme Overseas

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Points of Essence:

  • Malaysian based Islamic finance training provider, IBFIM mulls into exporting its Islamic Financial Planner program (IFP). IFP will cater to the need to provide effective financial planning, as planners needed to acquire expertise in developing new financial planning models, strategic analysis, investment advice and tax planning.

KUALA LUMPUR, Nov 24 (Bernama) — Recognising the importance of the Islamic financial market, the Islamic Banking and Finance Institute Malaysia (IBFIM), plans to export the Islamic Financial Planner (IFP) programme overseas.

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Written by Suapi Shaffaii

November 24, 2008 at 7:03 pm

Waqf Fund launches Graduate Sponsorship Program with first batch of Islamic Finance Diploma

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Points of Essence:

  • Bahrain led the initiative to expand a pool of Islamic finance talents by establishing a waft fund which provides for research, education and training for Islamic finance industry. This is to address the acute shortage of Islamic finance talents this industry is facing.
  • The fund is open to Bahraini graduates who will be required to undergo an intensive period of study at BIBF, while also working as interns at the most prominent Islamic banks and conventional banks with Islamic windows which are members of the fund. It will see the first graduate of this sponsored program within the next 6 months.

As part of its initiative to develop the human resource for the Islamic finance industry, the Waqf Fund for Research, Education and Training proudly announces the launch of its Graduate Sponsorship Program.

Khalid Hamad.

Khalid Hamad.

The core strategy of the program is to facilitate the simultaneous development of Bahraini graduates both academically and practically, in order to ensure a constant supply of a qualified work force for the Islamic finance industry in Bahrain.

This program was developed by the Waqf Fund as a result of recommendations from the 1st Senior Roundtable Discussion earlier this year, and in consultations with CEOs and senior management of Islamic banks and conventional banks with Islamic windows, who are also Waqf Fund members. The industry players had unanimously pointed out the shortage of qualified human resource as one of the biggest challenges facing the industry.

The Graduate Sponsorship Program is an intensive program where Bahraini graduates will undergo an intensive period of study at BIBF, while also working as interns at the most prominent Islamic banks and conventional banks with Islamic windows which are members of the Fund.

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Written by Suapi Shaffaii

November 4, 2008 at 2:44 pm

UK to Provide Scheme on Islamic finance Education

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Points of Essence:

  • UK is poised to become an international provider for Islamic finance training under an education scheme to be provided by the UK Trade & Investment.

Gov’t organisation seeks to educate on Islamic finance

Andrew Cahn, chief executive of UK Trade & Investment, said: “In these tough times it’s more important than ever that we make the most of growing sectors like Islamic finance.

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Written by Suapi Shaffaii

November 4, 2008 at 2:20 pm

BIBF launches Master’s degree in Islamic finance

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Points of Essence:

  • Bahrain based BIBF’s Centre for Islamic Finance will roll out its first Master’s degree with dual concentration in finance and Islamic finance in March next year. In collaboration  with the De Paul University of Chicago, the program expects to address the shortage of critical talents in Islamic finance. BIBF will complement the existing training institutes in Kuala Lumpur (INCEIF) and London (IIBI).

MANAMA: BIBF’s Centre for Islamic Finance is introducing the first Master’s degree with dual concentration in finance and Islamic finance. The course, which begins in March, is a joint venture between the BIBF Centre and the De Paul University of Chicago.

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Written by Suapi Shaffaii

October 7, 2008 at 10:07 pm