The IFC Scholar Professional Development Programme, developed by the IFC, a UK based not-for-profit organisation, and assisted by the Chartered Institute for Securities & Investment Institute (CISI), provides a Continuous Professional Development (CPD) approach comprising of relevant and structured learning activities on conventional markets.
The programme is exclusively tailored for Shariah scholars and those involved with the Shariah assurance process and is currently being run successfully in London and Kuala Lumpur. Although the project is being rolled out globally, the IFC are committed to work closely with the Bahrain Waqf Fund to ensure the delivery of a course that best fits the requirements of its local Shariah scholars.
Executive Director for Banking Supervision at the CBB and Chairman of the Waqf Fund,, Khalid Hamad said: "The Waqf Fund's joint initiative with the IFC aims to enhance Shariah scholars' understanding of the conventional financial markets and products, to assist them with a comparative understanding that bridges the gap between bankers and scholars during transaction structuring and approval process. We are proud to be able to serve and develop the industry, and are also working on other initiatives to produce more Shariah scholars specifically for the Islamic finance industry."
IFC Chairman, Tariq Masood, said: "We welcome the decision by the Bahrain Waqf Fund to introduce this unique programme designed to empower Shariah scholars. It is encouraging to see Bahrain, a recognised global hub for Islamic finance, working together through global partnerships by joining with the UK and Malaysia on this programme to benefit what is now a truly global industry."
CISI Managing Director, Ruth Martin, said: "The IFC/CISI Scholar Professional Development Programme is integral to cross-cultural understanding of the western and Shariah models of finance and we look forward to working with the IFC in its future development."
The IFC will feature their capability in education and training as part of an 18 strong delegation of UK-based Islamic financial organisatons at a dedicated UK pavilion, hosted by UK Trade & Investment; at the 16th Annual The World Islamic Banking Conference in Bahrain.
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Waqf Fund signs up IFC for Shariah training programme
- Bahrain: Wednesday, December 09 - 2009 at 11:40
- PRESS RELEASE
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Bahrain-based Waqf Fund for research, training and education in Islamic finance established by the Central Bank of Bahrain (CBB) with 18 financial institutions, mostly Islamic as its members, has entered into a partnership agreement with the Islamic Finance Council UK (IFC) to trial a unique training programme aimed at developing conventional markets training for Shariah scholars.
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Posted by Husam OdiabatWednesday, December 09 - 2009 at 11:40 UAE local time (GMT+4)
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About the Islamic Finance Council UK:
The Islamic Finance Council UK (IFC) is a not-for-profit body established to promote and develop the Islamic finance industry. Based in Scotland, the IFC has run a number of educational and awareness events and is engaged in advanced research, thought leadership and strategy advisory. The IFC specializes in advising Government bodies on Islamic finance strategies and its members contribute to various UKTI and Treasury Islamic finance working groups.
About UK Trade & Investment (UKTI):
UK Trade & Investment (UKTI) is the government organisation that helps UK-based companies succeed in the global economy. We also help overseas companies bring their high quality investment to the UK's economy - acknowledged as Europe's best place from which to succeed in global business. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. We provide companies with the tools they require to be competitive on the world stage. For more information please visit
The Islamic Finance Council UK (IFC) is a not-for-profit body established to promote and develop the Islamic finance industry. Based in Scotland, the IFC has run a number of educational and awareness events and is engaged in advanced research, thought leadership and strategy advisory. The IFC specializes in advising Government bodies on Islamic finance strategies and its members contribute to various UKTI and Treasury Islamic finance working groups.
About UK Trade & Investment (UKTI):
UK Trade & Investment (UKTI) is the government organisation that helps UK-based companies succeed in the global economy. We also help overseas companies bring their high quality investment to the UK's economy - acknowledged as Europe's best place from which to succeed in global business. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. We provide companies with the tools they require to be competitive on the world stage. For more information please visit
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