UAE: Education has
been identified as a key driver for growth within the Islamic finance
industry and institutions have been working on both sides of the
provider/consumer divide to ensure that education is playing its part in
fuelling the development of Islamic finance. In that spirit, leading
Islamic finance media company REDmoney Group has signed an agreement with
international exchange NASDAQ Dubai and UAE-based Islamic advisory
partnership AIMS, under which the three entities will collaborate to
provide training courses to develop human capital in the financial
sector, both Islamic and conventional.
The three-way partnership will see these market leaders working together
to design, market and deliver high quality, high level courses in the UAE
organized by NASDAQ Dubai Academy, the exchange’s training arm, that will
cover a wide range of topics including: corporate banking, investment
banking, capital raising, risk management, treasury products and fund
management.
Commenting on this landmark collaboration, Andrew Tebbutt, the managing
director of REDmoney, said: “We are very excited to be working with some
of the industry’s most recognized names. The financial sector is no doubt
a rapidly growing market and with that there is a huge need for quality
professionals, especially in the Islamic segment. We look forward to meeting
the talent gap with our first rate educational training programs.”
The number of programs available for Islamic finance education is growing
in both size and reach, with providers in countries around the world
offering students the opportunity to study Islamic finance at a higher
level, in preparation to add much needed numbers to the industry’s
workforce. It is estimated that Dubai will require more than 8,000 new
employees trained in Islamic finance by next year to reach the targets
set by the emirate in order to reach its goal of becoming the capital of
the Islamic economy. Globally, it is estimated that 50,000 new employees
are necessary for the development of the industry.
The first series of courses will be held in Dubai and will include: the
Derivatives and Options Masterclass, to take place between the 2nd
and 4th November; followed by Islamic Treasury & Risk
Management Products to take place from 17th to 19th
November.
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