The two major players in the Islamic finance training arena become strategic partners to ensure that the industry enjoys the best international qualifications
IFAAS (Islamic Finance Advisory & Assurance Services - www.ifaas.com), the international consultancy specialising in Islamic finance, today announced that it had signed a Memorandum of Understanding (MOU) with the BIBF that aims to establish a strategic partnership between the two organisations. Under the terms of the agreement, BIBF and IFAAS will develop innovative Islamic finance training programmes and undertake cutting-edge research. BIBF is the leading provider of both conventional and Islamic finance education and training in Bahrain, and the MOU enables the Islamic finance players to benefit from cumulative experience and expertise of IFAAS and BIBF in delivering multi-lingual courses, and significant cross-border and cross-sector experience.
The MOU is effective immediately, and the first joint course - Training Programme for Shariah Scholars: Fundamentals of Finance and Banking Operations - will take place in September 2014. Further courses will be held in the future to cover all 3 main languages Arabic, English and French.
Hani Redha, Head of Centre for Islamic Finance, BIBF, said: "We are extremely pleased to be working with IFAAS as strategic partners to expand the horizons of Islamic finance. By partnering with IFAAS we have been able to extend our own offer immediately: we have increased our outreach, the number of languages we can deliver our courses in, and the people in our dedicated professional team."
Shaher Abbas, Director, Shariah Compliance & Product Development, IFAAS, said: "IFAAS has a strong focus on strategic partnerships: working with credible, leading training providers - no matter where in the world they are based - who want to deliver the best Islamic finance training. It is the strength of these partnerships that helps us to maintain our position at the forefront of the dynamic and fast moving Islamic finance industry.
"It is for this reason that we are delighted to announce that we have signed an MOU with BIBF: a renowned player that has built a reputation as the provider of choice for building capacity and developing human capital in the Islamic finance industry worldwide."
Training is one of the key services that IFAAS offers to its international client base and to date has delivered Islamic finance training in English, French and Arabic to a wide range of professionals from around the globe. Other services offered by the specialist consultancy include Shariah compliance & audit, regulatory reviews, product development, and feasibility studies to discern the practicality of launching new Islamic financial institutions and products. As a key player in the Islamic financial industry, IFAAS has also published a number of ground-breaking market reports for several countries. The company operates from offices in the UK, France and Bahrain.
For more information about courses, please go to http://uk.ifaas.com/shariah-scholars-training-course.
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About IFAAS
IFAAS (Islamic Finance Advisory & Assurance Services) is an independent specialist consultancy headquartered in Birmingham (UK), with offices in Paris (France) and Manama (Bahrain). IFAAS provides professional advisory services to a wide range of financial institutions and industry stakeholders in the critical and complex area of Shariah compliance.
Founded in 2007, IFAAS is at the forefront of the dynamic Islamic Finance industry and has rapidly grown into a leading provider of a wide range of specialist and bespoke Shariah advisory services to some of the leading financial institutions and key stakeholders in the UK, Europe, Middle East, Africa and the Americas.
IFAAS' principle services include Shariah audit and compliance, advisory on product development and operational implementation, marketing strategy for Shariah compliant financial institutions, products and services, PR & communications, market research and feasibility studies and providing professional training in Islamic finance.
Full details can be found at the website www.ifaas.com
FOR FURTHER INFORMATION CONTACT:
Faris Dannan
Social Media & Marketing Executive
+44 (0)8444 821 941
Email: faris.dannan@ifaas.com
© Press Release 2014
