Dubai International Financial Centre Authority (DIFC Authority) has partnered with Dar Al Sharia Limited-DIFC - Dubai Islamic Bank's (DIB) Sharia advisory arm - to offer free short course on Islamic finance.
The new DIFC move is in line with the noble initiative taken by HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE Ruler of Dubai last year to promote Dubai as the international hub for Islamic economy and finance which has created enormous interest in local and international financial circles.
Elaborating the move, Chirag Shah, Chief Strategy and Business Development Officer at DIFC Authority said "keeping in view Dubai's aim to attain the coveted status within the shortest possible time, the urge amongst the banking and finance professionals to learn the basics of Islamic finance is growing stronger. However, in this fast-paced world, it is difficult for them to find time to attend lengthy courses for the purpose".
He added "In view of the foregoing, DIFC Authority is delighted to join hands with Dar Al Sharia to offer the free short course on the subject for the people working within DIFC. This is a 3-hour foundation course covering the core principles of Islamic finance with emphasis on relevance of Islamic banking and finance principles in the modern day financial world".
"Islamic finance is one of the fastest growing industries in the world. However, authentic education on the subject is not widely and easily available. We are delighted to work with Dar Al Sharia to make an effort to bridge this gap". Shah concluded.
First such course was offered at DIFC's Centre of Excellence on Monday 19 May to a full-capacity batch of 100 participants who had registered on first come first served basis. The course was well received and the participants were highly appreciative of the initiative. The course shall be repeated from time to time to benefit larger segment of DIFC community.
The course has been developed by the industry experts from Dar Al Sharia who have played important role in the progression of Islamic banking and finance industry within and outside UAE during the last 10 years.
Based on growing demand, DIFC Authority and Dar Al Sharia may consider launching advanced courses on various aspects of Islamic banking and finance starting from after the summer vacation.