CENTRE OF ISLAMIC BANKING& ECONOMICSPress Release50 Thousand Islamic Financial Professional Needed GloballyHR Crisis May a...
essentials of Islamic banking and finance in order to adjust them in Islamic financial industry which is a wrongapproach a...
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Press release on 50 thousand islamic financial professional

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Press release on 50 thousand islamic financial professional

  • 1. CENTRE OF ISLAMIC BANKING& ECONOMICSPress Release50 Thousand Islamic Financial Professional Needed GloballyHR Crisis May arise if Demand and Supply Remain UnbalancedZubair Mughal, CEO, AlHuda Centre of Islamic Banking and Economics speaking about Islamic Banking andFinance at Moscow Halal Expo at All Russian Exhibition Centre - Moscow, Russia(Moscow) - In accordance with the growing industry of Islamic Banking and Finance, the whole world needs 50,000Islamic Finance Experts right away so that the emerging market of Islamic Banking and Finance may be easilypromoted. These thoughts were expressed by Mr. Muhammad Zubair Mughal, Chief Executive Officer – AlHudaCentre of Islamic Banking and Finance, during his speech on the topic of “Importance of Islamic FinanceEducation” in “Moscow Halal Expo” held in All Russian Exhibition Centre - Moscow; the capital city of Russia. Hesaid that due to the recent International Financial Crises in conventional banking and finance, the world is movingrapidly towards alternative system of banking and finance and undoubtedly, the Islamic banking and financesystem is the first and the foremost choice in this regard because the during financial crisis had very fewer impacton Islamic finance industry which is the assurance of its future success.He said that education of Islamic banking and finance is immediately needed internationally. At this time, 38universities in the world are producing approximately 5000 graduates of Islamic banking and finance per annum,whereas relatively its demand is 10 times more around the globe. If this demand and supply would not bebalanced in short time then Islamic banking and finance industry may face many obstacles in its growth andpromotion. In the recent era, conventional bankers are being provided with trainings having some of the
  • 2. essentials of Islamic banking and finance in order to adjust them in Islamic financial industry which is a wrongapproach and is creating many reservations in financial industry. He further said that in order to establish Islamicbanking and finance system on strong foundations, it is needed to produce graduates with complete knowledge ofIslamic banking and finance having full command on Shari’ah, Fiqah and Islamic financial products. In this regard,AlHuda Centre of Islamic Banking and Economics has introduced its MBA and Post Graduate Diploma on Islamicbanking and finance based on the mode of Distance learning so that the people of countries which currently donot have any facilities of Islamic banking and finance could get advantage of this facility from their office or homeand strengthen the rapidly emerging market of Islamic banking.He said that 4 pronged approaches should be adopted in order to educate masses in the field of Islamic bankingand finance. 1) Graduation, Masters and Post Graduate Diploma programs on Islamic banking and finance shouldbe arranged at University or College level in order to produce incumbents who could fulfill the responsibilities inIslamic financial institutions at managerial level in an excellent manner. 2) At post graduate level, one yeardiploma and six months certificate courses on different topics like Islamic banking, Sukuk (Islamic Bond), Takaful(Islamic Insurance), Islamic Fund and Islamic Microfinance should be arranged so that the experts in these fieldscould be produced. 3) Online programs on Islamic banking and finance should be promoted so that the awarenessof Islamic banking and finance may be promoted worldwide as only 20 countries are providing education in thisfield. 4) Workshops, trainings and publications in the field of Islamic banking and finance should be promoted inorder to encourage awareness among masses regarding this.Head Office: 192- Ahmad Block, Ph: +92-42-35913096-8 E-mail: info@alhudacibe.comNew Garden Town Lahore, Pakistan. Fax: +92 -42-35913056 Website: www.alhudacibe.com

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