21 March 2006
FIRST GLOBAL KNOWLEDGE CENTRE (FGKC), a member firm of the First Global Group, is unlocking new doors of opportunities to build a new breed of professional bankers, by teaming up with India-based INTERNATIONAL INSTITUTE OF ISLAMIC BUSINESS & FINANCE (IIIBF) to provide professional certification for bankers, finance professionals and students seeking a career in the rapidly growing Islamic finance industry.

The Islamic finance industry over the past three decades have established more than 267 Islamic banks and financial institutions throughout the world, managing funds to the tune of USD 260 - 500 Billion and said to be growing rapidly at a rate of 23.5% annually, thus making a major impact in the global financial market. The Islamic finance industry hitherto have tapped only 20% of its market potentials, whilst leaving the rest 80% to be tapped objectively, in the years ahead.

"We are indeed very much happy and honored to have the affiliation and strategic alliance with the International Institute of Islamic Business & Finance, which is a prestigious and renowned institution in the Islamic finance industry when it comes to bringing professional bankers together, sharing knowledge and offering structured programs in the field of Islamic economics & Islamic finance" said Mr. Mohamed Kiyas, the General Manager of First Global Knowledge Centre.

Today, it is evident and also witnessed by many that there is a dearth of professional Islamic bankers in the market and the demand for such bankers is very high and the most difficult to attract even with attractive packages. The gap between the demand for and supply of Islamic bankers is widening mainly due to new Islamic banks and financial institutions being established throughout the world and also the international conventional banks have got the appetite and entering the Islamic finance industry by setting up Islamic banking windows, subsidiaries and also converting into fully-fledged Islamic banks.

The programs offered through the strategic alliance between FGKC and IIIBF are the Certified Islamic Banker (CeIB), Certified Islamic Insurance Professional (CeIIP) and the Certified Islamic Investment Analyst (CeIIA). These programs are structured mainly for the budding finance professionals, bankers, graduates, students etc., who would like to get themselves equipped with the right qualifications and training to build a new career in banking and finance.

A qualified candidate will carry the respective programs titles such as: Certified Islamic Banker (CeIB), Certified Islamic Insurance Professional (CeIIP) and the Certified Islamic Investment Analyst (CeIIA) and this could be his/her gateway to the rapidly growing multi-billion dollar Islamic finance industry, which is yet to be tapped objectively ...

... to improve the lives, financial and investment choices of millions of people, both Muslims and non-Muslims, all over the world by offering Islamic finance and investment choices through equity participation, risk sharing and fair dealings.

-Ends-

About FGKC:
First Global Knowledge Center is a member of the First Global Group. First Global intends to become the first Islamic investment bank in Sri Lanka that effectively combines an uncompromising commitment to Islamic principles; (ii) a highly competent management team, blend with individual performance, teamwork and leadership; (iii) a diversified range of Shari'ah compliant innovative investment and financing products and services; and (iv) the capacity to originate, develop, arrange and distribute Shari'ah compliant products and services to selected markets in the Asian region, whilst having a global mindset.

About IIIBF:
International Institute of Islamic Business and Finance (Triple IBF) was established in the year 1999 by IBF NET

Limited that owns the Islamic Business and Finance Network - the largest global network of IBF professionals with over 3500 members at present. IBF Net

Limited is a company with its offices at Bhubaneswar and Chennai (Madras) India.

Contact Personnel at FGKC:
Mohammed Kiyaz
General Manager
First Global Knowledge Centre
(A member firm of the First Global Group)
Address (1): 27/2, Park Lane,
Nawala Road,
Rajagiriya,
Sri Lanka.

Address (2):
P.O.Box 1973,
Colombo,
Sri Lanka.
Tel: +9411 2863493 / 2864477
Fax:+9411 4413030
E-mail: info@firstglobal-group.com  
mkiyaz@yahoo.com
Website: www.firstglobal-group.com

Board Members of FGKC:
Muhammad Ikram Thowfeek,
Chairman & Managing Director
Dr. M.A.M. Shukry, Director of Studies

Contact Personnel of IIIBF:
Dr Mohammed Obaidullah
President
International Institute of Islamic Business and Finance (IIIBF)
Tel: +966 2 6754073, +966 502565238
E-mail: info@iiibf.org
Website: www.iiibf.org

© Press Release 2006