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BIBF in deal with university

August 5, 2014

MANAMA: BIBF has signed a memorandum of understanding (MoU) with the University of Bolton to develop an MBA in Islamic banking.

As per the MoU, which was signed in the UK, BIBF will act as lead content provider for Islamic finance subjects and will supervise all dissertations, while the University of Bolton faculty will deliver the core MBA subjects.

Graduates of BIBF's Islamic finance programmes will be eligible for exemptions from some of the subjects, providing them with a shortened pathway to obtain an MBA with a specialisation in Islamic finance.

"The initiative further bolsters our position as the global content provider of choice for Islamic finance," BIBF director Solveig Nicklos said.

"We expect the new programme to become an attractive means for students globally to develop expertise in Islamic finance, and for our graduates to further their studies in the UK."

According to a recent BIBF research paper, the Islamic financial sector, which in 2012 had an overall asset valuation of more than $1,350 billion globally, is expected to create anywhere from 250,000 to one million professional Islamic finance jobs worldwide by 2020. The University of Bolton is a leading academic institution renowned for its vocationally-focused and industry-relevant degree programmes with an exceptional track record.

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Source: Gulf Daily News (Bahrain)

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