Islamic Finance to Grow at 15 Pct This Year, Says IBFIM

KUALA LUMPUR - The local Islamic finance industry will continue to grow at a steady pace this year and is likely to record an average of 15 per cent growth, said Islamic Banking and Finance Institute Malaysia (IBFIM).

IBFIM Chief Executive Officer Datuk Dr Adnan Alias said the growth will partly be boosted by the growing talent development in the country as well as the take up rate of the Certified Qualification in Islamic Finance (CQIF), a flagship qualification in the Islamic finance.

Speaking to Bernama, he also said the newly-launched 'IBFIM Online', Malaysia's first online learning (e-Learning) for Islamic finance industry certification, would also add to the growth, he said.

 "In some cases, the certifications are mandatory because before you (industry professional) can practice it, you must be certified. It is a kind of standard that ensures the competency and the standard of service to the client.

"The e-Learning, is a new mode of education that provides convenience, flexibility and accessibility of learning to the talent from the industry, thus enhancing the number of take up rate of the certification programme," he said after the launch of the IBFIM Online here.

The online program was jointly-developed by IBFIM, Bank Negara Malaysia and the industry players, and was designed to boost talent development initiative in an exciting platform.

IBFIM is an industry-owned and Regulator-linked institute whose objective is to serve the needs of the Islamic finance industry stakeholders in talent and business development.