KUALA LUMPUR (March 24): The Islamic Banking and Finance Institute Malaysia (IBFIM) provides important tools to develop talent in the Islamic finance industry, to ensure that professionals have the necessary skills and knowledge to meet the growing demand for Islamic finance expertise, while demonstrating socially responsible and ethical values.

The recently held fourth IBFIM Certification Conferment Ceremony (4th ICCC) underscored its effort to recognise Islamic financial institutions that demonstrate a strong commitment to develop Islamic financial talent.

“Islamic finance is based on the principles of Islamic law, or shariah, which governs all aspects of Muslim life. It is a system that prohibits interest-based transactions and promotes ethical and socially responsible investments,” IBFIM said in a statement.

While it has its origins in the Muslim world, it has now become a global phenomenon and is practised by people of all religious and racial backgrounds, and the institute, specialising in Islamic finance, has made it a mission to develop knowledge, enhance skills, and facilitate its growth via innovative approaches, the statement said.

IBFIM aims to embed Islamic finance values and principles into practices within the banking industry and has positioned itself as a global Islamic finance platform for knowledge acquisition and to be the preferred knowledge partner for the development of global Islamic finance, the statement said.

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