UAE: Emirates Institute for Banking and Financial Studies launches programme to develop takaful
Source: Middle East Insurance Review | Mar 2017
The Emirates Institute for Banking and Financial Studies (EIBFS) has partnered the Islamic Banking and Finance Institute Malaysia (IBFIM) to launch a new professional certification programme – Certificate in Islamic Banking and Finance (CIBF). The programme aims to develop qualified personnel with in-depth knowledge of Islamic banking products, services and processes, as well as the Islamic financial market and takaful operations.
The CIBF programme offers insight into the foundations and ethical principles of Islamic banking and finance, and a clear understanding of Islamic financial transactions, as well as the legal and Shariah frameworks that govern the industry. It enables students to identify the guiding principles of Islamic finance, and differentiate between conventional and Islamic banking products and services.
Furthermore, the programme examines the structure and mechanisms of Islamic finance, and analyses the processes and procedures involved in Islamic banking operations.
Through the course, participants will gain a thorough understanding of the capital market and takaful operations.
In addition, the programme acquaints students with the rules of Islamic accounting and financial reporting.
Graduates will be able to manage and resolve all issues related to Islamic finance with the utmost competence.
“Islamic banking and finance has witnessed phenomenal growth in the last decade, with many industry reports confirming that the UAE is poised to emerge as the global Islamic economy hub. In a bid to plug the gap between the demand and supply of trained Islamic finance professionals, EIBFS continues to offer courses that are on par with educational programmes provided by the best institutes in the world,” said Mr Jamal Al Jassmi, General Manager of EIBFS.
He added: “Participants of the programme will be able to meet the demanding requirements of the burgeoning Islamic finance market and identify effective solutions to the multitude of challenges the sector faces today.”