INCEIF Contributes to IF Talent Development in Kazakhstan

Nur Sultan, 5 Oct 2019 – The Astana Islamic Finance Centre Bureau for Continuing Professional Development Ltd today hosted the 3rd Annual Islamic Finance Week conference, which brought together more than 500 experts, professionals and industry representatives on one platform.

For a week, leading international experts in the field of Islamic finance from more than 10 countries discussed emerging topics such as Islamic fintech, Islamic social finance, valuation improvement, innovative Sukuk and capital market structures.

In addition, The AIFC Bureau signed agreements with foreign partners to strengthen its Islamic finance initiatives, including an agreement with INCEIF. The agreement will see INCEIF partnering with the AIFC Bureau to offer the Professional Certificate in Islamic Finance, a fully online programme developed for industry professionals who wish to gain knowledge in certain areas of practice, in concise yet thorough curriculums. The programme is expected to attract potential students from the Central Asia region.

At the signing ceremony to mark the partnership, AIFC Bureau Deputy CEO Yernur Rysmagambetov said: “We are pleased to announce that the Bureau with the support of INCEIF will open a university with programmess in Islamic finance. In addition, we are moving to a qualitatively new level in our Islamic finance journey. Together with our partners, we plan to implement and demonstrate successful business cases in the Islamic finance industry.”

INCEIF PCEO Prof Dato’ Dr Mohd Azmi Omar said: “Kazakhstan is an important player in the development of Islamic finance. Today we presented a master plan (roadmap) for the development of Islamic finance in Kazakhstan and the AIFC, which were prepared with a grant awarded by the Islamic Development Bank. The master plan includes various areas of industry development up to 2025, including Islamic banking, capital market, Takaful and re-takaful, and halal industry. We believe that Kazakhstan will be able to attract funds for the development of the industry not only from Central Asia, but also from Southeast Asia and the Middle East, as well as from other countries.”

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