16 Jul 2013 07:54

KUALA LUMPUR, July 15 (Bernama) -- The Islamic Banking and Finance Institute Malaysia (IBFIM) is the first training provider in Malaysia to become a Finance Accreditation Agency-(FAA) registered training provider (FTP).

In a statement today, IBFIM said this will now enable FAA to accredit the learning programmes it offered for the professionals in the finance services industry (FSI).

FAA, an international and independent quality assurance and accreditation body supported by Bank Negara Malaysia and Securities Commission Malaysia, is responsible for quality assurance and promotion of learning initiatives within the FSI through learning programmes, institutional and individual accreditation, as well as promotion of future learning practices.

IBFIM said with the FAA Provisional Accreditation awarded to eight learning programmes, it was living its charter to build capability and professionalism within the Islamic finance community.

"FAA, through its rigorous assessment of the quality of learning programmes provided by IBFIM, concludes that the eight met the minimum standards stipulated in the FAA Learning Criteria which conforms to the FAA Quality Framework as well as industry requirements.

"Essentially, with the accreditation, the accredited learning programmes have met international best practices and benchmarks, resulting in the increase of knowledge and skills base of the FSI practitioners undertaking these learning programmes," it said.

It said employers would now have full confidence in the quality of the learning programme outcomes delivered.

IBFIM is an industry-owned and regulator-linked institute dedicated to producing well-trained, skilled and competent human capital for Islamic finance industry.

IBFIM undertakes three core pillars of activities -- training and certifications, Shariah advisory and business consultancy and knowledge management and publications distribution. -- BERNAMA