Daud Vi­cary Ab­dul­lah

Pres­i­dent & CEO In­ter­na­tional Cen­tre For Ed­u­ca­tion In Is­lamic Fi­nance (INCEIF)

Insurance - - COVER STORY -

INCEIF is a univer­sity set up by Bank Ne­gara Malaysia to de­velop com­pe­tent hu­man cap­i­tal for the global Is­lamic fi­nance in­dus­try. To bet­ter serve the in­dus­try, INCEIF has em­barked on syn­er­gis­tic col­lab­o­ra­tions with in­dus­try play­ers to en­sure that its grad­u­ates re­main rel­e­vant and will be sought af­ter.

Firstly, we need to un­der­stand that grow­ing the pool of qual­i­fied pro­fes­sion­als in any in­dus­try re­quires strong, col­lab­o­ra­tive ef­forts by all the rel­e­vant stake­hold­ers. From ed­u­ca­tional and train­ing in­sti­tu­tions, in­dus­try or­gan­i­sa­tions, to hu­man re­source and government agen­cies and the prospec­tive tal­ent them­selves in terms of

Firstly, we need to un­der­stand that grow­ing the pool of qual­i­fied pro­fes­sion­als in any in­dus­try re­quires strong, col­lab­o­ra­tive ef­forts by all the rel­e­vant stake­hold­ers.

their will­ing­ness to con­tin­u­ously learn and de­velop their own skills.

Here at INCEIF, our aca­demic pro­grammes which are the Char­tered Is­lamic Fi­nance Pro­fes­sional, the Masters in Is­lamic Fi­nance and the PhD in Is­lamic Fi­nance are de­signed to be in­dus­try driven to en­sure that the in­dus­try gets the right tal­ent with a good level of knowl­edge and em­ploy­able skills. Fur­ther­more, INCEIF takes a proac­tive stance on qual­ity, and through reg­u­lar en­gage­ment with the re­lated in­sti­tu­tions and in­dus­try play­ers as well as our grad­u­ates, we are able to con­tin­u­ously mon­i­tor and im­prove the qual­ity of our ser­vice and en­hance the con­tent of our pro­grammes.

One of the ef­forts taken to­wards en­sur­ing the qual­ity of our grad­u­ates and wealth of knowl­edge re­source at INCEIF is through a top-notch li­brary. The Knowl­edge Man­age­ment Cen­tre (KMC) at INCEIF is one of the most com­pre­hen­sive Is­lamic fi­nance li­braries in the re­gion. INCEIF's KMC aims to be the best fi­nance li­brary in the world with a grow­ing col­lec­tion that en­com­passes re­sources on both Is­lamic and con­ven­tional fi­nance as well eco­nom­ics, bank­ing as and re­lated sub­jects. The Dig­i­tal Li­brary acts as an in­sti­tu­tional repos­i­tory that fa­cil­i­tate and sup­port the teach­ing, learn­ing and re­search ac­tiv­i­ties of INCEIF.

The de­ci­sion to be part of the Knowl­edge Man­age­ment Task Force (KMTF) is in line with INCEIF's goal to be a knowl­edge leader in Is­lamic fi­nance. The INCEIF com­mu­nity, com­pris­ing our stu­dents, grad­u­ates, fac­ulty and KMC users, will now en­joy ac­cess to greater re­sources which are re­sid­ing at the other BNM af­fil­i­ate in­sti­tu­tions. Not only would the com­mu­nity be able to lever­age on the knowl­edge and ex­per­tise of other in­sti­tu­tions through the KMTF, but INCEIF can now of­fer them a richer col­lec­tion through the publi­ca­tion ex­change pro­gramme.

KMTF's pro­posed Fi­nan­cial Ser­vices Knowl­edge Por­tal devel­op­ment will also pro­mote INCEIF's rich col­lec­tion to the in­dus­try. As the only univer­sity in the col­lab­o­ra­tion, INCEIF's unique con­tri­bu­tion would be through the re­search work un­der­taken by our fac­ulty and stu­dents on key is­sues such as mi­cro-fi­nance, risk shar­ing, and wealth man­age­ment that are ben­e­fi­cial to both an or­gan­i­sa­tion and so­ci­ety at large. The re­search goes be­yond those done by INCEIF fac­ulty and stu­dents as we also work with our part­ners in the Mid­dle East, Europe, Asia and Africa that in­clude The World Bank, Is­lamic Fi­nan­cial Ser­vices Board, Is­lamic Devel­op­ment Bank and rep­utable for­eign univer­si­ties.

The pro­posed Fi­nan­cial Ser­vices Ex­perts Yel­low Pages which list the fi­nan­cial ex­perts in the coun­try would be used as a plat­form to pro­mote the `brains' at INCEIF that in­clude world class econ­o­mists, econo­me­tri­cians and bank­ing and cap­i­tal mar­ket ex­perts.

For INCEIF, fu­ture ini­tia­tives from this col­lab­o­ra­tion would in­clude greater ef­forts in pro­mot­ing key re­search in ar­eas such as cap­i­tal mar­ket, risk shar­ing, real econ­omy and prod­uct devel­op­ment. In ad­di­tion, we would be able to share the knowl­edge and in­for­ma­tion from mem­bers of MII, IBFIM and IBBM - all of whom stand to ben­e­fit from INCEIF re­search work and cus­tomised ex­ec­u­tive ed­u­ca­tion pro­grammes.

The de­ci­sion to be part of the Knowl­edge Man­age­ment Task Force (KMTF) is in line with INCEIF's goal to be a knowl­edge leader in Is­lamic fi­nance.

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