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Sunday, November 22 - 2009

Shape Financial Corp. launches certified Islamic financial analyst program

Shape Financial Corp., a member of Alshaya Group International, has launched a series of online courses to fill the gap in the market for Islamic training and courses online. The professionals within the Islamic finance sector and those who are interested to learn about this growing market will greatly benefit from these courses.

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We have launched the first course "Foundations on Islamic banking and Finance" in both English and Arabic, and I believe that users will greatly benefit from this comprehensive course which covers the basics of Islamic banking and finance said Mr. Kamran Baig, who is the Vice President for Shape.

Mr. Baig who has joined Shape from the U.S. brings his experience from Fortune 500 firms in the areas of managing technology for financial applications. He led the online conversion project for Shape to bring their instructor-led courses to the online space.

"We have achieved a delicate balance between flexibility to take the courses online in a self-paced environment with interactivity to keep users interest and retention ratio high",


said Mr. Baig.

Shape's courses are offered in three levels. Level 1 consists of Introductory courses. The courses in this level are designed for individuals who may be completely unfamiliar with Islamic banking and finance. The contents create the building blocks for CIFA levels 2 & 3. Level 2 courses include product specific courses such as Islamic Capital Markets, Islamic Treasury, Islamic Trade Finance. The elements are meant to give a 360 degree overview of Islamic transactional concepts including Islamic law, practical commercial examples, accounting, capital management, and adaptations for commercial purposes. Level 3 or the Advanced Courses are designed around six core elements of knowledge excluding accounting which is offered at this level by AAOIFI.

A candidate may focus on a single universe or all integrated knowledge groups. All modules include discussions of marketing, accounting, risk management, and comparison or contrasts to traditional banking and finance.

All modules include real market exercises and mini-case studies. At the end of each module, there is an interactive game.

This is a unique offering and well timed according to the market demand. A number of professionals have already enrolled in the coursework along with institutional users. This is a great product and the market is ready for it.
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Notes and media contacts

For additional information on the CIFA program or individual courses please contact:
Kamran Baig
Vice President
Shape Financial Corp.
Tel: +965-22980500 ext 305
Mob: +965-97224093
Alsoor Street, 9th Floor Munther Tower,
Salhiya, Kuwait

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