Finance & Banking

BUREAU FOR CONTINUING PROFESSIONAL DEVELOPMENT

TRAINING AND DEVELOPMENT OF HUMAN CAPITAL IN ISLAMIC FINANCE

Bureau for Continuing Professional Development (BCPD) has initiated development of best certification programmes in Kazakhstan with the purpose of forming a pool of professionals in the sphere of Islamic finance starting from 2017. The
Bureau has selected top programmes from international certification and education institutions, and organised trainings for professionals and local community. Currently the BCPD is offering the following certification programmes

Bahrain Institute of Banking & Finance (BIBF, Bahrain):
• Advanced Diploma in Islamic Finance (ADIF).

Chartered Institute for Securities & Investments (CISI, Great Britain).

• Islamic Finance Qualification (IFQ).

International Centre for Education in Islamic Finance (INCEIF, Malaysia).
• Professional Certificate in Islamic Finance (PCIF).

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI, Bahrain).
• Certified Islamic Professional Accountant (CIPA)
• Certified Shariah Advisor and Auditor (CSAA)

The Bureau had also organised Train the Trainer Programs to develop trainers in Islamic Finance certification for further development of educational programmes in this direction. They are:

• Train the Trainer Program Certified Training Professional by Finance Accreditation Agency (FAA, Malaysia) in June 2017, 9 trainers have been accredited

• Train the Trainer Program INCEIF – Professional Certificate in Islamic Finance BCPD has own pool of internationally certified trainers in Islamic Finance.

BCPD is the exam centre for all above mentioned certifications. 336 people were retrained in three years (2017-2019) in BCPD certification programmes, workshops and other educational events.

Over 400 grants awarded to candidates who have successfully completed training.
43 conditional grants were issued to stimulate professional development of financial sector specialists and universities’ teaching staff.

Islamic Finance Week – A platform for discussions in the Islamic finance industry and education issues – conducted annually in Autumn.

First Islamic Finance Week 2017 was conducted in September 18-22 in NurSultan. Main goal of the conference was exchange of international experience and building constructive dialogue with market participants and international partners on issues of development and increasing awareness about Islamic finance in Kazakhstan and the region.

Second Islamic Finance Week in 2018 raised important issues of the Islamic finance industry development in Kazakhstan and all over the world, and also created a dialogue platform for industry professionals, academia and businesses with the purpose of infrastructure development at the Astana International Financial Centre. It should be noted, that AIFC Bureau has been awarded one of the most prestigious prizes in the sphere of Islamic Finance – Global Islamic Finance Awards (GIFA) on September 29, 2018: for «Human Capital Development Initiatives» in the area of
Islamic Finance.

Islamic Finance Week 2019 was intended to involve people in developing а productive dialogue with global Islamic finance leaders in education, financial services, as well as to inspire for proactiveness to help Kazakhstan and the region in paving its unique way on leveraging local Islamic finance potential.

BCPD realises Academic Partnership Programme by opening joint centres in universities and redesigning academic
programmes with the purpose to bring international expertise to universities. Thus, the Islamic finance courses within academic programmes in Finance were launched in M. Narikbayev KazGUU University with BCPD trainers, and trilateral MoU was signed and a joint Islamic Finance Centre was launched in Al-Farabi KazNU in cooperation with Hamad bin
Khalifa University (Doha, Qatar). BCPD also initiated collaboration with the Egyptian University of Islamic Culture
“Nur-Mubarak” in Almaty in 2019 to introduce the content of professional certifications to programme curriculum
and to retrain teaching staff of the university. BCPD conducts numerous Islamic finance programmes info sessions in
universities and financial institutions with the purpose of raising awareness in Islamic finance education and certification issues on regular basis.

Association of Islamic Finance Professionals was established in June 2018. Its activities are intended to stimulate continuing professional development of specialists in Islamic Finance area.

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