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New course in Islamic finance

/ 25 October 2011

The Chartered Institute of Management Accountants (CIMA) announced the launch of its Advanced Diploma in Islamic Finance for finance and banking professionals in the UAE.

The CIMA Advanced Diploma in Islamic Finance (CADIF) is the first qualification of its kind to be offered by an international professional accountancy body, and marks a major step forward for the Islamic finance industry, which has its roots in the Middle East.

“Islamic finance is becoming much more prominent globally, growing from a niche industry to a mainstay of finance. To really stand out from the crowd, the UAE needs to have a core competitive advantage and the key to this is investment in human capital,” said Geetu Ahuja, CIMA regional manager, Middle East.

The industry is growing rapidly today, with the sector’s global worth estimated to be between $850billion and $1trillion.

 
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