How to Increase Career Prospects in Islamic Finance Profession?
Islamic Banking sector is distinctive and a popular area of finance that has become a force to be reckoned with in the international forum. According to the World Bank report for future Islamic Banking competitiveness predictions, there is a good chance that in the next twenty years, Islamic Banking will top the charts as the world’s leading system of finance and banking. The industry faces a growth rate of 15-20% per annum and we all know what that means, more resources and better opportunities for Certified Islamic Bankers. Many study programs, for example Certified Islamic Banker is designed for finance professionals, and it may be achieved online by studying Islamic banking courses and Islamic finance courses.
What is Islamic Finance?
Well, that’s easy. The world has evolved in several ways in the past hundred years and as the economic structures of different countries grow complex day by day, many interested in attaining their place in the decision-making arena of banking and finance are facing a unique market that has risen out of religious contexts. Islamic Finance is a system that covers the area of banking and finance based on the Muslim Shariah Law. This law discourages the payment of interest upon loans and therefore adding a whole new dimension to Banking.
Why is becoming a Certified Islamic Banker a promising idea?
According to ratings by Standard and Poor’s, the total number of assets in the possession of Shariah compliant institutions amount to $4 trillion. That is a number worth looking at for many professionals in the field who would like to take an interest in learning more about Islamic Finance. This system’s impressive performance in the past recessionary periods has also lead to Western Banks opening their own Islamic windows. Adding to this, Islamic banking is equity based, sustainable and an environmentally and socially responsible way of financing. The best part is, it’s not only restricted to Muslims but people from all walks of life.
What are the Qualifications needed?
A global qualification has been established from both a Shariah and technical perspective that provides the one’s seeking job security in the market to not face any unnecessary problems. One can study the Islamic finance courses online and it could be completed in three to four months. This leads to them being awarded with a Certified Islamic Finance Expert (CIFE) and Certified Islamic Banker (CIB) certifications. Islamic banking courses can be learned online by AIMS, who have made it easier for anyone wanting to go in the field.
“Takaful, pension funds, wealth and fund management – this is the future for Islamic Finance”, said Haris Ahmed, director of Academy for International Moderns Studies (AIMS). Many of the options given to us now include the option to focus our energy on choosing to become Certified Islamic Banker as the prospects in the future for the industry are rapidly growing and with a good conscience. Socially acceptable and fundamentally monitored by sacred law, Islamic Finance is creating better career prospects in the world we live in as we speak.