Launches First Islamic Finance Training Portal

Published May 26th, 2009 - 02:18 GMT Launches First Islamic Finance Training Portal

The Islamic finance industry gets its first dedicated training portal:, Islamic Finance Training, Online. Certified by leading scholars, the portal is the first to provide streamable, interactive Islamic finance training modules "ideal for training across large-scale institutions," as one prominent user, Yusuf Jha, Shariah Controller at Abu Dhabi Islamic Bank, describes it.

Commenting on the launch, IslamicAdvisory's MD Atif Khan said, "So far the Islamic finance industry has relied on 2 day crash courses to get by. But bankers are frustrated with paying thousands of dollars for theory and coffee. What is needed is practical, bank-wide training throughout the year, with case studies, quizzes, and in-house testing."

IslamicAdvisory memberships start at $49/month for individuals and $6,995/month for entire banks. All training content is based on the latest AAOIFI (Accounting and Auditing Organization of Islamic Financial Institutions) Shariah Standards, the leading standard-setting body in Islamic finance. While meeting these global standards, the training modules also address individual bank needs as an outsourced tool for their training departments. In fact, one major Islamic bank recently conducted a Shariah review and found IslamicAdvisory's modules to effectively complement their existing in-house training.

The website has an impressive array of training modules ranging from introductory level, such as "Understanding Sukuk," to the practical and customer-facing, like "How Is A Murabaha Different From A Conventional Loan?" and even the advanced, like "How To Calculate An Ijarah (Islamic Lease) Schedule." The site offers dozens of interactive online quizzes and exercises and a 90-minute certification exam. New training modules are added every week.
In the free access area of the website, IslamicAdvisory offers a community experience with discussion forums, podcasts, live webinars, member profiles, and the largest Islamic finance Q&A database available online.


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