KUALA LUMPUR, Nov 25 (Bernama) — The Chartered Institute of Islamic Finance Professionals (CIIF) emphasised the global need for an expanded pool of skilled Islamic finance professionals to address the rapid growth and the emerging challenges driven by inflationary pressures, geopolitical tensions, banking sector stresses, and advancements in technological and digitalisation among others, within the financial services sector. Additionally, a fresh influx of talent is essential to meet the growing demand for ethical and sustainable financial solutions offered by Islamic finance while closing the gaps. This insight was underlined during CIIF’s 3rd Conferment Ceremony for its newly conferred Chartered Members, held on Saturday at Sasana Kijang, Kuala Lumpur.
With the Global Islamic Financial Services Industry assets growing by 4% year-on-year (YoY), which is equivalent to a total estimated worth of USD3.38 trillion in 2023¹, Mr Kemal Rizadi Arbi, President of CIIF, said that continuous quest for knowledge upgrade is essential for Islamic finance professionals to deliver high-quality workmanship and foresight that would contribute back to the industry greatly.