CIMA, HSBC Amanah partner in Islamic finance subject

KUALA LUMPUR: The Chartered Institute of Management Accountants (CIMA) has entered into a global partnership with HSBC Amanah to provide CIMA’s Certificate in Islamic Finance.
They said in a joint statement Tuesday that HSBC Amanah, which is HSBC group’s global Islamic financial services arm, would be involved in the programme, based on its industry track record.

“This is an exclusive partnership programme aligning two global brands committed to the promotion and development of the Islamic finance sector worldwide through high quality, relevant and practical products and via focus on education and professional qualification,” the statement said.

The CIMA Certificate in Islamic Finance is the first global qualification to be offered by a professional chartered accountancy body to focus on Islamic finance. It is available to staff working within the Islamic financial services industry and those entering this sector.

The certificate would be valuable for newcomers to Islamic finance and financial professionals seeking accreditation and qualification in this field.

The programme would provide the professionals the recognition of a CIMA international qualification and expertise in Islamic finance.

CIMA chief executive Charles Tilley said the collaboration showed how important Islamic finance is to the international banking community and finance professionals throughout the world.

Global Head of HSBC Amanah, Nabeel Shoaib said raising the standards of the Islamic finance industry entails more investment in education and advanced research and development, and this was an area of paramount importance for HSBC Amanah.

“Our partnership with a leading institute like CIMA is a clear example of our commitment to continually addressing the challenge of developing and retaining human assets, which remains a pressing issue for the Islamic finance industry globally,” he said.