KUALA LUMPUR, Nov 10 (Bernama) -- Chartered Institute of Islamic Finance Professionals (CIIF) today highlighted that it foresees a larger group of professional talents are needed globally to respond to new set of challenges brought upon by the current wave of technological innovations that are happening in the financial services industry worldwide. In addition, fresh pool of talents are also needed to fill new gaps and roles arising from the growing demands for ethical and sustainable finance offered by Islamic Finance. This statement was made during the CIIF's 2nd Conferment Ceremony for its new Chartered Members that took place recently in Kuala Lumpur.
 
With the Global Islamic Financial Services Industry assets growing by 11.3% (year-on-year), equivalent to a total estimated worth of USD 3.06 trillion in 2021, YBhg. Dato' Badlisyah Abdul Ghani, President of CIIF said that having the right and insightful knowledge is essential for Islamic Finance professionals to deliver high quality service to stakeholders.
 
"In this day and age where the world is changing, upskilling of the Islamic Finance workforce is key. The challenges that we face may look the same on the surface but lose its similarity across time. It gets harder that some even say the world has gone through a tipping point of no return when it comes to climate change," emphasised Dato' Badlisyah.
 
“In addressing this tipping point, integrity in carrying out our responsibilities is key. Integrity is not just about being honest, but giving the right solutions to clients,” he advised further.
 
Meanwhile, the Chief Executive Officer of CIIF, Dr Azura Othman highlighted that the role of Islamic Finance has become more eminent than ever.
 
“Islamic Finance professionals need to be further equipped with advanced knowledge and skills, instilled with greater capabilities to face different sorts of challenges from all corners. Our promise is to continue providing the best quality programmes and qualifications for all members and students in responding to the economic transformation, requirements and progression throughout their careers,” mentioned Dr Azura.
 
According to Dr Azura, CIIF places great importance in partnerships and collaborations and to date, the CIIF has embarked on collaborations with institutions such as Bank Rakyat, which saw more than 50 candidates completing their professional qualification and elevated to Chartered Members, and with FWD Takaful that has brought immense benefits and high impact to the capacity building of talents for the Takaful industry.
 
The Ceremony saw 121 new members conferred as Chartered Members of the Institute, with 51 members attaining it by undergoing the Chartered Professional Islamic Finance (CPIF) programme and 70 members through the Chartered Fast-Track Master Class (CFM).
 
CIIF is a professional body for qualified practitioners in the Islamic Finance industry with 1,346 members worldwide currently.
 
Chartered Institute of Islamic Finance Professionals
10 November 2022
 
 
SOURCE : Chartered Institute of Islamic Finance Professionals (CIIF)
 
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--BERNAMA