Fujairah Challenged to Set Up Course and Certificate in Islamic Banking

One of the suggestions that emerged at the Fujairah International Business Forum 2011 this last week was for Fujairah to establish a certificate course in Islamic banking to train people working in the banking and services sectors.

The chairperson of the forum, Dave Bradley, gave a welter of statistics to illustrate the international growth in halal products and the dramatic rise in Islamic financial products and services.

Ms. Farah Spencer, a representative of Green Alternatives Development Group in Saudi Arabia, said there was an opportunity for Fujairah to create an Islamic Banking Certificate to train bankers and workers in financial institutions in the UAE and the Middle East. She said, “It would save people from this region from having to go to Paris or London to get qualified.”

When asked in the Question and Answer time what type of institution would be needed, Ms. Spencer indicated that it may be best to have a private College running the training as currently happens in the UK. It would need to be set up in conjunction with the government and Shariah scholars.

Related

More Women Urged to Establish and Manage Businesses in Fujairah & UAE, FIF, 7 April 2011.

More Small and Medium-Sized Enterprises Advocated for Fujairah, FIF, 6 April 2011.

International Business Forum Highlights Fujairah’s Assets and Opportunities, FIF, 4 April 2011.

Fujairah International Business Forum 2011 to Explore New Horizons, FIF, 13 March 2011.

Geoff Pound

This article is also posted in the Fujairah in Focus—Facebook Page.

Image: A sample certificate in Islamic Banking.