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ICD wants IFTDP programme to be gold standard in Islamic finance human capital development

February 18, 2014

The Islamic Corporation for the Development of the Private Sector (ICD), a member of Islamic Development Bank Group, has celebrated the completion of the First Cohort of its Islamic Finance Talent Development Program (IFTDP).

The IFTDP has been designed for mid-career professionals who possess prodigious leadership competencies. Its sole objective is to build up a pool of highly talented Islamic finance executives who are capable of leading the industry in the future.

The IFTDP for experience professional has a world-class rotational programme that includes three high-impact eight-month assignments in an IDB Group sub-business and a comprehensive in-residence global training curriculum over the course of two years. The classroom training will lead to the Certified Islamic Finance Professional (CIFP) qualification, awarded by INCEIF.

The ICD aspires that the IFTDP programme will become the "gold standard" in developing the Islamic finance human capital.

A shortage of qualified human capital is one of the most serious challenges facing the Islamic finance industry today. The ICD, while embracing its developmental mandate, has developed, in 2011, the IFTDP as a means of addressing this shortfall.

"The focus of IDBG was to generate competent executives to the office and to help shape various opportunities for the institution" said Mr. Khaled Al-Aboodi, the CEO and General Manager of the ICD.

The talent strategy of IDB Group based on the difficulties faced by Islamic financial institutions in finding talents and realizing the importance of human capital development, together with the belief that attracting and retaining talent is the most powerful factor behind the success and excellence of organizations, the IDBG Group established the Young Professional Program (YPP) as well as the Islamic Finance Talent Development Program (IFTDP).

While the IFTDP is the latest addition by ICD to develop world-class Islamic finance executives, the Young Professional Program (YPP), for more than two decades, has been the preeminent program preparing outstanding young graduates to become global development leaders.

The YPP was launched with a mandate to attract high-quality intellectual talent from across the World. The Program enables each Young Professional (YP) to receive extensive exposure and experience of the IDB Group's various activities through job rotations in different departments. 

The objective of the two programs is to offer, attract and retain world-class talents by offering luxurious benefits, comfortable perks, and superb professional development, while instilling a deep rooted sense of Ummah-centric community and responsibility. Upon successful program completion, the participant will gradually climb up the professional grades in the IDB Group.

The IFTDP & YPP have been a career differentiator since their inception. IDB Group boasts of its well-growing IFTDP & YPP alumni who have been recognized for their contributions through the acceleration of their career progression within the Multilateral Development Institutions.

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Source: CPI Financial

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