Malaysia’s Islamic finance university and the research arm of Kuwait Finance House have partnered to develop training and internship programmes to address a growing demand for professionals with Islamic finance knowledge, reported Reuters.
This tie-up aims to tackle the problem faced by the Islamic finance industry regarding the lack of professionals with both academic and practical knowledge, irrespective of rapid growth over the past few years.
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President and chief executive of the International Centre for Education in Islamic Finance (INCEIF), Daud Vicary Abdullah, said: "Academia has its own processes and metrics but it can be quite technical. This is bridging the gap between academia and the industry."
The deal between the two bodies demands mutual work on executive training, research reports on the industry, and an internship programme that will sponsor up to 10 students at once.
The six-month internships will include training and could lead to permanent positions with KFH, reported Baljeet Kaur Grewal, managing director and vice chairman of KFH Research, Reuters reported.
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