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Malaysia 'needs' 35,000 qualified Islamic finance professionals by 2030

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Islamic Banking and Finance Institute Malaysia (IBFIM) Chief Executive Officer Datuk Dr Adnan Alias said Malaysia‘needs 35,000 Islamic finance talents by 2030 to cope with the rapid growth of the industry’.

Business Times of Malaysia reports that IBFIM aims to maintain supplying an annual average of 30 per cent of Malaysia's Islamic Finance industry workforce. Speaking at the signing of a memorandum of agreement (MoA) signed on 10 December withBinary University of Management and Entrepreneurship, Adnan said, "We are looking at universities that have strong entrepreneurship development. After this, we are thinking of Universiti Teknologi Mara and Universiti Malaysia Kelantan,"

Under the five-year MoA, IBFIM will supply 16 syllabuses and instructors of Islamic wealth management to Binary University and the latter would impart entrepreneurial skills through the courses offered.

At its inaugural certification ceremony on 8 December, some 300 certified holders were honoured in various programmes in IBFIM including Islamic Financial Planning, Certified Credit Professional – Islamic and Associate Qualification in Islamic Finance. In addition, seven outstanding certified holders who excelled in the examinations received special ‘highest achiever awards’.

IBFIM also presented the "Islamic Finance Talent Development Champion Awards," to RHB Bank, Malayan Banking, Malaysia Building Society and Public Bank.

(Courtesy: Global Islamic Finance Magazine)
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