Deloitte, IRTI sign training initiative deal
Jeddah, July 14, 2013
The Deloitte Islamic Finance Knowledge Center (IFKC) in the Middle East has signed a deal with the Jeddah-based Islamic Research and Training Institute (IRTI) for a collaborative training initiative.
The initiative seeks to develop a competency-based training (CBT) programme in different practice areas of the Islamic Finance and Takaful (IFT) industry, said a statement.
“This initiative between Deloitte and IRTI draws on the importance of collaboration among industry stakeholders to strengthen knowledge-sharing process and address the industry challenges and market practices. In particular this collaboration aims to streamline professional education and capacity building in Islamic finance,” said Joseph El Fadl, regional leader global FSI at Deloitte Middle East.
“IRTI considers IFKC as a strategic partner to inspire and deliver cutting edge research, capacity building, and information services in the area of Islamic economics and finance,” said professor Mohammad Azmi Omar, director general of the IRTI.
The 2013 Stability report by the Islamic Finance Service Board (IFSB) states that ‘some of the remaining challenges to be overcome include the development of human capital which increases with the development of innovative Islamic financial products and services’.
The four key objectives identified to provide ‘Continued Professional Development’ and Executive Education programmes for industry stakeholders are to strengthen collaborative approach; to provide high quality practitioner training and support; to assist clients, developing talent management strategies and competency-based training approach in Islamic finance practice; and to set the standards of professional excellence and good practices of leadership development in Islamic finance, said the statement. - TradeArabia News Service