Education supported by practical training is fundamental to an individual's long-term development and self-empowerment, raising and maintaining professional competence and standards.
The potential demand for Shariah-compliant products and services from a large world population has created new business opportunities for all financial institutions.
The Institute is committed to creating a wider base of knowledge of the moral and ethical principles applied in Islamic banking and Islamic insurance and to educating and training to facilitate career progression for individuals of any faith, and with no faith. The Institute's other related activities include:
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Executive Development
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Lectures and Seminars
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Publishing a monthly journal: NEWHORIZON and reference books
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Advisory Services, responding to various enquiries concerning Islamic finance and assisting students pursuing Master's and doctoral study programmes in Islamic finance
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On-going research in order to create a positive image of the practices and developments in the field of Islamic finance
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Monitoring developments in information technology and their application in Islamic finance
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Maintaining the Institute's own website and its NEWHORIZON magazine website as excellent sources of information on key aspects on Islamic banking and insurance with articles written by scholars and practitioners
The future would see the Institute's learning courses and training programmes being distributed on an interactive e-learning platform with video lectures and real-time communication allowing contact between students and tutors as well as experts in different jurisdictions
"The Institute of Islamic Banking and Insurance has been instrumental in breaking down the barriers that previously existed between the UK based practitioners of Islamic finance during the early 1990s. This in turn has resulted in new levels of co-operation that have served to greatly expand the transaction flow and asset base of our marketplace."
Stella Cox
Pioneer in Islamic financial instruments in the UK Managing Director Dawnay Day UK
"I have found the Institute's activities highly interesting and the publications very useful for our study of the Islamic economy; I would once again like to thank you for guiding us in our research activities."
Koichiro Tanaka
Japanese Institute of Middle Eastern Economics
"The Institute of Islamic Banking and Insurance's programme of lectures and meetings in London has brought greater understanding of the whole range of Islamic banking products and investors. Its journal, 'NEWHORIZON', is also helping this educational process."
Robin T Fox, Group Vice Chairman
Dresdner Kleinwort Benson, London UK
"I take this opportunity to congratulate the Institute on the excellent work achieved and to thank the IIBI for its contribution to the development of Islamic banking."
Mr Abdou-El-Ilah Begaid portfolio management, Credit Suisse Geneva, Switzerland