Global Islamic Finance Education 2013 (GIFE 2013), the special research report released by Yurizk has revealed the current status of Islamic Finance education globally and critical challenges the industry is facing in terms of human capital development and long term sustainability. Research findings from GIFE 2013 shows that 85% of the educational and awareness initiatives on Islamic Finance are potentially contributing towards skill building for the industry, and only 15% initiatives in education and knowledge dissemination is potentially facilitating research and development.
“GIFE 2013 is a wake up call for all the stakeholders of emerging Islamic Finance industry. This report is an exclusive and timely one for the mass of the industry and if you are looking for a comprehensive insight of Islamic Finance Education sector – this is the document for you,” said Mr. Muath Mubarak, Head of Finance and Corporate Strategy of First Global Group.
Human capital development is a critical challenge for Islamic Finance industry and previously there was no comprehensive study that addresses the major issues and at the same time backs the insight with collective data. GIFE 2013 bridged that gap of information and brought critical insight into the challenges facing Islamic Finance industry in human resources development and the industry’s long term sustainability.
M. Kabir Hassan, tenured Professor in the Department of Economics and Finance at the University of New Orleans, who gives lectures and workshops in the US and abroad on Islamic Finance and edited several books on Islamic banking said, “Yurizk has filled a vacuum in bringing this GIFE 2013 report that details the current state of Islamic finance education in the world. There is an estimated current need of 50,000 professionals for the Islamic banking industry. I have reviewed the report before its release and it followed a sound methodology to derive its conclusions. The education sector and industry will benefit from this report.”
Key findings from GIFE 2013 reveal:
· * There are 742 institutions globally that are involved in education and knowledge dissemination in Islamic Finance
· * Pakistan, Malaysia, United Kingdom, United States, and United Arab Emirates are among the top countries by number of Islamic Finance education and knowledge services providers
· * 85% initiatives within Islamic Finance education and knowledge services are potential contributor towards skill building or professional development in the industry and 15% educational and knowledge dissemination initiatives are potential contributor towards research and innovation.
· * United Kingdom leads Islamic Finance education in Europe with 53% of the total Islamic Finance education and knowledge services providers in the region.
· * United Arab Emirates leads Islamic Finance education in MENA region with 30% of the IFEKSP (Islamic Finance Education and Knowledge Services Providers) in the region.
Spokesperson from a leading Islamic Finance training provider, Ethica Institute of Islamic Finance expressed, “Yurizk has performed an excellent service for the Islamic finance industry by making previously hard to find raw data on education available in its Global Islamic Finance Education Report.”
The research report highlights key challenges that are affecting Islamic Finance education and the industry’s growth and long term sustainability concerns. The report also contains views and opinions of industry Thought Leaders, Academic Scholar, Practitioners on various issues of Islamic Finance education. Findings from GIFE 2013 were presented via live global webcast by Sadia Karim, Founder and CEO of Yurizk and attended by industry practitioners from North America, Europe, Middle East, Africa and Asia.
To see more details and to obtain the GIFE 2013 Full Report, please visit the link below: