2008/06/13
More experts needed for Islamic finance sector
KUALA LUMPUR: More professionals are needed to meet the demand of the global Islamic finance sector, said Higher Education Minister Datuk Seri Mohamed Khaled Nordin.
He said the growth in the industry had created demand for professionals who were well versed in syariah and current issues.
"We need an adequate supply to support the growth as only 745 professionals have majored in Islamic finance," he said at the launch of the International Centre for Education in Islamic Finance master's programme here yesterday.
Present were Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz and the centre's governing council chairman, Dr Rozali Mohamed Ali.
Khaled said the bank projected that 11,600 professionals in Islamic finance were needed by 2010.
He said it was heartening that the centre would produce Islamic finance graduates who would cater to the domestic and international markets.
He added that the centre had a potential to become the national centre of excellence in Islamic banking and finance besides becoming an education hub.
The centre, established by the bank in 2006, is the only education centre in the world dedicated to Islamic banking and finance and offers a Master in Islamic Finance degree.
Rozali said the University of Reading in the United Kingdom would launch a master's degree programme in Investment Banking and Islamic Finance in August as part of their collaboration.
It will be one of the first degrees in the UK with Islamic-based syllabus taught by Islamic finance specialists from both universities.
Khaled said university placement results for Sijil Tinggi Persekolahan Malaysia holders would be announced next week.
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