SEPANG, Nov 29 (Bernama) -- Chartered Institute of Islamic Finance Professionals (CIIF) today entered into a Memorandum of Understanding (MOU) with Jabatan Pendidikan Politeknik dan Kolej Komuniti (JPPKK), a department under the Ministry of Higher Education Malaysia to develop more versatile and competent talents in the country that would contribute substantially to the Islamic Finance industry. The MOU exchange between both parties took place at Sama-Sama Hotel KL International Airport, represented by CIIF’s Grand Council Member, who is also Chief Executive Officer (CEO) of Great Eastern Takaful Berhad, En Shahrul Azlan Shahriman and witnessed by YB Dato' Seri Mohamed Khaled Nordin, the Minister of Higher Education.
 
Dr Azura Othman, CEO of CIIF highlighted that the MOU signifies a solid, strategic move to foster more meaningful partnerships and initiatives with JPPKK in promoting high quality talents in Islamic Finance among polytechnic and community college graduates in Malaysia.
 
“The MOU allows both JPPKK and CIIF to formally restructure and make facelift to the current curriculum of the Islamic Banking and Finance Diploma in polytechnics and community colleges. This paves way for remodelling of the diploma programme to professional qualification, which helps to improve graduates’ employability in turn,” emphasised Dr Azura Othman.
 
“CIIF looks forward to support by elevating the overall education system in terms of equipping the students with current yet practical knowledge and skills in the Islamic Banking and Finance field, as well as boosting the professional growth of the lecturers by providing them with the latest industry insights and teaching strategies.”
 
“We anticipate to bridge all existing gaps with the commencement of this MOU and further enhance the country’s economic ecosystem by filling up the talent gap across the industry and all business sectors. This is timely with the rising demand for Islamic Finance professionals, which is not only in the banking and finance industry but Halal industry as well,” added Dr Azura Othman further.
 
Besides talent development and curriculum mapping, the MOU also outlined other potential areas of cooperation including professional development, research, innovation, expertise sharing and other mutually agreed educational and training fields. The MOU is set to be effective for a period of three (3) years.
 
CIIF is recognised as one of the industry advisors and among the ones who were present at the MOU exchange ceremony organised by JPPKK.
 
CIIF is a professional body for qualified practitioners in the Islamic Finance industry established since 2015. To date, it has a total of 1,480 members worldwide. For more information about CIIF, please visit https://www.ciif-global.org.
 
Chartered Institute of Islamic Finance Professionals
29 November 2023
 

About the Chartered Institute of Islamic Finance Professionals (CIIF)
 
Since 2015, CIIF is established as a professional body for Islamic Finance practitioners to support capacity building agenda of the Islamic Finance industry by setting professional standards to drive the next phase of Islamic Finance human capital development. It first started as the Association of Chartered Islamic Finance Professionals Malaysia (ACIFP) in 2008 for graduates of INCEIF’s Chartered Islamic Finance Professional (CIFP) programme. ACIFP was then transitioned from an Association to an Institute​, which birthed the CIIF to continue carrying ACIFP’s mandate and other major industry mandates.
 
Today, CIIF’s primary mandate is to set the benchmark for Islamic Finance professional education, a platform for networking, continuous professional development for qualified professionals and advocacy of best practices and interests for the Islamic Finance industry. The Institute also serves to develop technically proficient, innovative, industry focus, ethically grounded and globally mobile Islamic finance professionals. Besides that, CIIF is also mandated to spur the professionalisation of the Islamic finance industry through the Islamic Finance Profession Charter signed between the CIIF and industry associations (Association of Islamic Banking Institutions Malaysia, Malaysian Takaful Association and Malaysian Investment Banking Associations). The five-pillar charter represents a commitment of all members to professionalise the Islamic finance profession and support the efforts and endeavours of CIIF in developing competent and dynamic workforce. ​It also serves as a channel for internationalisation agenda and through CIIF’s global footprint, an international network of chapters will form a platform for individual professional members to build alliance. This provides global mobility for the members to serve at their best capacity.
 
Through its professional standards and qualification programmes, including its flagship Chartered Professional in Islamic Finance (CPIF), the CIIF aims to create value and prestige for the profession by equipping its members with knowledge, skills and competencies that are relevant to the industry and having its professional qualification as an industry benchmark. 


SOURCE : Chartered Institute of Islamic Finance Professionals (CIIF)

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--BERNAMA