Preparation of competitive Islamic finance workforce stressed

Staff Reporter

Tuesday, October 18, 2011 - Karachi—Pak-Qatar General Takaful Ltd. (PQGTL) and Tajweez Advisory Co. WLL Bahrain, in cooperation with the International Islamic Financial Consultant (IIFC) jointly organized a three-day intensive workshop titled ‘Islamic Product Structuring and Pricing, Tools and Techniques’ at the Institute of Bankers Pakistan, conducted by a team of Shari’ah scholars and technicians.

Pak-Qatar General Takaful Limited (PQGTL), the Qatari-sponsored Takaful Operator, was the lead Sponsor of the workshop. “This workshop was not conducted on commercial basis. Importance was given to attracting experts to deliver their time and insights, which makes this workshop different from other trainings,” said Muhammad Raza, Joint Senior Vice President Re-Takaful and Risk Management at PQGTL, Chief Guest at the certificate distribution ceremony.

The workshop was accredited and made available to members of the Institute of Chartered Accountants of Pakistan (ICAP) who were eligible for 24 CPD hours. Amongst the IFIs which participated in the program included Dubai Islamic Bank, Al Meezan Investment Management, Meezan Islamic Bank, BankIslami, Habib Bank Ltd. and Burj Bank.

“We are committed to the development of highly skilled Islamic Finance workforce at a global level, and hence the Islamic Finance 360 training project,” said Farhan Noor, Executive Director Islamic Finance at Tajweez Advisory.

“We chose Pakistan as our project launching pad given the dynamics of the industry and the availability of experts here. Our vision is to bring unsurpassed Islamic Finance trainings and professional development opportunities to the world through individual and institutional level collaborative partnerships”, he added. “To this effect we are pursuing collaborations with infrastructure institutions, IFIs and business universities.”

Tajweez Advisory Co. WLL is the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector. Work is underway to take the Islamic Finance 360 project and the entire gamut of Tajweez Advisory offerings to Riyadh, Kuala Lumpur, Luxemburg, and London in near future.

IIFC presents end-to-end solutions, from training and organizational development to structuring Shari’ah-compliant transactions for different organizations.

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