The partnership entails promoting professional qualifications in Islamic banking and co-organising informative workshops on the topic.
Wednesday 03, July 2019 BY KUDAKWASHE MUZORIWA
Emirates Institute for Banking and Financial Studies (EIBFS) has singed an MoU with Dubai Islamic Economy Development Centre (DIEDC) to exchange knowledge and experiences in banking, economics and financial literacy in the field of Islamic finance.
EIBFS stated that the MoU mandates the two parties to develop and conduct training programmes for finance professionals, both locally and abroad, focused on the Shari'ah standards outlined by the Accounting and Auditing organisation for Islamic Financial Institutions (AAOIFI) and relevant government entities.
The partnership seeks to promote professional qualifications in Islamic banking and the co-organising of informative workshops on Shari’ah-compliant finance.
Jamal Al Jassmi, the General Manager of EIBFS, said, “The latest figures by the Dubai Statistics centre reveal that Islamic economy contributed AED 41 billion to Dubai’s gross domestic product (GDP) in 2017.”