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The Institute of Finance and Management (IFM), a leading training institute for international professional certifications in Islamic Finance, has become part of a strategic collaboration with the Emirates College of Technology's (ECT) and Continuous Education Centre (CEC), an Abu Dhabi-based personal institution of college, to explore mutual collaboration in the development of human resources, research study and consultancy. The Memorandum of Agreement (MoU) was signed by Dr. Mahmoud Abdalaal, CEO of aafaq Islamic Finance, and Prof. Bruce Taylor, President of ECT, and Wael Al-Anqar, Chairman of the Board of Trustees and CEC speaker.

Under the terms of the contract, IFM and ECT will issue joint professional diploma in Islamic Finance inclusive of Islamic Banking, Islamic Capital Markets, Risk Management for Islamic Financial Institutions, Accounting, International Financial Reporting Standards (IFRS) vs Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), and Takaful. The certifications bearing the logos of both celebrations will be released upon successful conclusion of the course.

Dr. Mahmoud Abdalaal stated: "We remain to partner with pioneering and prominent organizations in the UAE to add to the development and advancement of the nation's economy, particularly by preparing qualified and knowledgeable experts who can lead the nation to financial quality. The extremely strategic partnership in between IFM and ECT and CEC will offer top quality training and expert advancement programs to students to sustain their profession development. We are positive that this collaboration will result in building visionary Islamic finance leaders of the future who will lead Dubai in its efforts to become the capital of the global Islamic economy in a few years.".

"In a strategic move, ECT has actually teamed up with IFM to provide joint diploma and certification courses in wide range of Islamic Finance -relevant topics to build the professional skills of the UAE," stated Prof. Bruce Taylor. "CEC is a reputed institution for distinctive curricula and the courses provided under the MoU are specifically developed for striving students planning to build a career in the appealing Islamic Finance sector. We are positive that our partnership will assist in strengthening the UAE's human capital, enabling them to play a definitive role in the banking and financing market to address the challenges of the international economy.".

"The partnership between IFM and ECT-CEC will provide the very best Islamic Finance programs and courses with a strong concentrate on research study, development, and training. We aim to underscore the value of Islamic Finance in the existing and future financial viewpoints. Aside from benefiting both parties, the partnership will contribute in constructing a generation of qualified professionals with the abilities to address the challenges of the local, regional and worldwide economies," concluded Dr. Mahmoud Abdalaal.

Launched to support the Islamic Economy principle, IFM provides an unique variety of certificates with international partners together with a large spectrum of management courses and programs through an e-learning platform. In addition, it offers expert training services to individuals, institutions, banks and organizations.

The ECT was developed in 1993 by the UAE Ministry of Education to offer technical and company advancement education. The CEC was opened with the goal of providing varied, effective and premium training programs and professional advancement services to people and institutions in the general public and private sectors.

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