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| Source: aafaq Islamic Finance. |
Aafaq Islamic Finance, a provider of Islamic finance products and services in the UAE, announced the first-ever CPA Islamic Finance certification programme in the UAE in conjunction with the Institute of Certified Public Accountants of Pakistan (ICPAP) in early April.
Dr Mahmoud said: “In today’s business setup, relevant working experience and an internationally recognised professional certification will certainly propel future career advancement and personal development. In the Islamic finance sector, the first CPA Islamic Finance certification provides the necessary world-class training to professionals who are seeking to improve their skills in order to become competitive in the local and international arenas. The launching of the programme is in sync with Dubai and the UAE’s ever-expanding business environment, with the Islamic finance industry in particular experiencing exponential growth. This means that the country will see an increased demand for a well-trained, highly qualified workforce. ”
Abdul Jaleel Al-Blouki, Deputy Chairman of aafaq Islamic Finance added: "Our partnership is in line with HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council directives during the Government Summit held recently in Dubai, where he focused on the importance of education and human development.
This collaboration is aligned with both parties' goals of promoting and developing the Islamic finance sector as well as furthering Arabs' global competitiveness. Aafaq intends to expand its activities in the Islamic finance industry through information, awareness and capacity building through its affiliated subsidiaries, namely the Institute of Finance & Management and the Research & Development Center.
The CPA Islamic Finance Certificate is chaired by a CPA Islamic Board convened under the patronage of Sheikh Faisal Bin Saoud Bin Khalid Al Qassimi, Dr Mahmoud Abdalaal (Chairman of the board and CEO of aafaq islamic Finance), Mujtaba Naseem (Vice Chairman) and two members from the Institute of Certified Public Accountants of Pakistan (ICPAP). The advisory council will consist of major organisations and global personalities.
Dr Mahmoud said: “In today’s business setup, relevant working experience and an internationally recognised professional certification will certainly propel future career advancement and personal development. In the Islamic finance sector, the first CPA Islamic Finance certification provides the necessary world-class training to professionals who are seeking to improve their skills in order to become competitive in the local and international arenas. The launching of the programme is in sync with Dubai and the UAE’s ever-expanding business environment, with the Islamic finance industry in particular experiencing exponential growth. This means that the country will see an increased demand for a well-trained, highly qualified workforce. ”
Abdul Jaleel Al-Blouki, Deputy Chairman of aafaq Islamic Finance added: "Our partnership is in line with HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council directives during the Government Summit held recently in Dubai, where he focused on the importance of education and human development.
"The
launch of this programme comes in line with HH's vision to increase
awareness, expand knowledge and development of human capital. The programme is in sync with Dubai and the UAE's ever-expanding business
environment, with the Islamic finance industry particularly experiencing
exponential growth. This means that the country will see an increased
demand for a well-trained, highly qualified workforce. The CPA Islamic
Finance certificate provides the necessary world-class training to
professionals who are seeking to improve their skills in order to become
competitive in the local and international arenas."
This collaboration is aligned with both parties' goals of promoting and developing the Islamic finance sector as well as furthering Arabs' global competitiveness. Aafaq intends to expand its activities in the Islamic finance industry through information, awareness and capacity building through its affiliated subsidiaries, namely the Institute of Finance & Management and the Research & Development Center.
Many Emiratis have already enrolled in the programme offered at ICPAP’s UAE headquarters, which continues to attract growing interest from a fast-expanding Islamic finance industry. The sector is poised to double its assets to US$3.4 trillion by 2018.
“This is one of the unique certificates that will provide the Islamic financial sector with the proper knowledge and expertise. It will provide Islamic finance professionals and practitioners with sound accounting framework from both international financial reporting and shari'ah perspectives. With growth of Islamic finance industry, finance professionals will therefore have to upgrade their knowledge and skills to remain ahead of the competition. The certification aims to address this demand as well as ensure that the Middle East and Asian region will consistently sustain the highest Islamic finance standards,” added Mujtaba.
“This is one of the unique certificates that will provide the Islamic financial sector with the proper knowledge and expertise. It will provide Islamic finance professionals and practitioners with sound accounting framework from both international financial reporting and shari'ah perspectives. With growth of Islamic finance industry, finance professionals will therefore have to upgrade their knowledge and skills to remain ahead of the competition. The certification aims to address this demand as well as ensure that the Middle East and Asian region will consistently sustain the highest Islamic finance standards,” added Mujtaba.