The Global University of Islamic Finance (INCEIF) and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a memorandum of agreement (MoA) for the development of the private sector in the field of Islamic finance.ICD, the private sector arm of the Islamic Development Bank (IDB) aims to address the shortage of Islamic finance professionals through a capacity building initiative programme, the Islamic Finance Talent Development Programme.
Through the MoA, INCEIF will deliver a postgraduate Islamic finance programme through its Chartered Islamic Finance Professional course to selected participants from ICD’s 46-member countries, said INCEIF in a media release last week.
“ICD will complement the participants’ learning experience through corporate attachments within ICD and the IDB group as well as ICD’s investee companies,” said INCEIF in the release.
The two-year work-andstudy programme is scheduled to commence in the first quarter of 2012.
INCEIF president and chief executive officer (CEO) Daud Vicary Abdullah said, “The ICD is a perfect first to INCEIF as we both share a vision to develop talent for the Islamic finance industry.”
INCEIF is also currently working with partners locally and abroad, including Japan, GCC countries and Europe, providing post graduate programmes and short courses on Islamic finance.
Abdullah signed the MoA on behalf of INCEIF, while ICD was represented by its CEO Kaled Al-Aboodi.
Al-Aboodi said the collaboration would help “build the knowledge in-roads” to the growing interest in Islamic finance mainly in Central Asia, Sub-Saharan Africa, the Middle East and North Africa.
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