PCEO speaks at one of the region’s largest Islamic finance industry meets

SINGAPORE: INCEIF President & CEO Mr Daud Vicary Abdullah today addressed the participants at the 4th Annual World Islamic Banking Conference: Asia Summit (WIBC Asia 2013).
Speaking on “Improving Human Capital in the Islamic Banking Industry” at one of the summit sessions, Mr Daud said  for the industry to move forward where human capital is concerned, areas that needed focus include developing quality education and ensuring that the talents were of international standards.

According to him, the shortage of Islamic finance experts could be attributed to:

  • Qualification not globally recognised;
  • Organisations not hiring qualified people;
  • Mismatch of jobs to the talents.

Mr Daud is optimistic that getting support from a collective voice in the industry would certainly augurs well for the industry. This could be achieved by mobilising effective international cooperation and getting the stakeholders to come together and collectively drive the needed changes where human capital issues are concerned.
Themed “Bridging the World of Islamic Finance: Boosting International Linkages and Cross-Border Opportunities”, WIBC Asia 2013 was attended by 482 industry leaders representing over 175 international and regional organisations. More than 55 international speakers and industry thought leaders discussed critical issues that the Islamic finance industry in Asia is currently facing and analysed key strategies on boosting international connectivity in Islamic finance.

Some of the summit participants made time to visit the INCEIF booth, set up outside summit venue as part of INCEIF awareness campaign, to find out more about INCEIF and its programmes.

The summit kicked off on 3 June with a pre-conference summit on Islamic liquidity management, Islamic hedging and capital market instruments hosted by the Bahrain-based international standard-setting body – the International Islamic Financial Market (IIFM). The pre-conference summit featured an inaugural keynote session led by Khalid Hamad Abdul-Rahman Hamad, Chairman of the International Islamic Financial Market (IIFM) and Executive Director of Banking Supervision at the Central Bank of Bahrain; and Ng Nam Sin, Assistant Managing Director, Development Group, Monetary Authority of Singapore.

A key highlight of WIBC Asia 2013 was the high profile Power Debate session led by internationally respected CEOs and industry leaders. The Power Debate Session featured Shayne Nelson, Chairman of Standard Chartered Saadiq Islamic Banking, Chief Executive Officer Private Bank and Group Head SME Banking, Standard Chartered; Toby O’Connor, Chief Executive Officer of the Islamic Bank of Asia; Badlisyah Abdul Ghani, Executive Director/Chief Executive Officer of CIMB Islamic Bank Berhad; Muzaffar Hisham, Chief Executive Officer of Maybank Islamic Berhad; Hussain AlQemzi, Chief Executive Officer, Noor Islamic Bank and Group Chief Executive Officer, Noor Investment Group; Syed Abdull Aziz Jailani Syed Kechik, Chief Executive Officer of OCBC Al-Amin Bank Berhad; and Abdulrazzak Mohammed Elkhraijy, Executive Vice President and Head of the Islamic Banking Development Group, The National Commercial Bank-Saudi Arabia.

Please click here to view Mr Daud Vicary Abdullah presentation.

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