The Deloitte Islamic Finance Knowledge Center (IFKC) has signed a co-operation deal with the Finance Accreditation Agency (FAA), an organisation supported by Bank Negara Malaysia and Securities Commission Malaysia, which promotes leading practices in Islamic Finance training development.

The initiative aims to provide quality assurance and accreditation in Islamic finance executive education by having Deloitte IFKC professional training programmes benchmarked against best practices and adhere to the highest standards of quality through reviews by international experts around the world.

The programme strives to enhance opportunities for practitioners in the Middle East and elsewhere to benefit from an international quality assurance framework developed for the financial service industry.

“Our capacity programme strategy aims to work diligently and closely with the Islamic finance industry and help diffuse high standards of good practices in all aspects. It has particular emphasis on quality of professional training and executive education,” said Joe El Fadl, financial services industry leader, Deloitte Middle East.

Dr Amat Taap Manshor, chief executive officer of the FAA, said: “In today’s highly dynamic and evolving financial system, establishing business relations to strengthen the financial institutions cannot be overemphasised. FAA enters this significant partnership to reach this goal which supports the agenda in bringing the best practices to the industry at the same time promoting quality learning within the Financial Services Industry.”

The initiative recognises the importance of upholding quality learning in Islamic financial service industry.

Dr Hatim El Tahir, director of the Deloitte IFKC, said: “Teaming up with FAA and other leading industry players is an endorsement of the importance of energising capacity collaboration among stakeholders and step forward in practice synergies between key markets.” - TradeArabia News Service