Global Islamic Finance Standards Come to Australia, Malaysia, Singapore, and New Zealand

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• Publié par: ethica-institute-of-islamic-finance
• Nombre de lectures: 16
• Langue: English

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Global Islamic Finance Standards Come to

Australia, Malaysia, Singapore, and New

Zealand

PR Newswire

DUBAI, UAE, June 11, 2012

DUBAI

, UAE,

June 11, 2012

/PRNewswire/ --

It takes 7 hours to fly from

Dubai

to

Kuala Lumpur

; 6 more to

Sydney

. And then

there's the trip back. Throw in airports, jet lag, and delays, and it is no wonder

that a short business trip to

South East Asia

from most parts of the world feels

like it takes a week. In a world of Skype and streamed video, air travel just does

not have the same appeal anymore. As a result, while 90% of the countries

offering Islamic finance now follow one set of standards, namely AAOIFI's,

South East Asia

has been left behind with its own set of standards.

This is about to change.

Ethica Institute of Islamic Finance, the most heavily-enrolled Islamic finance

program in the world, will be the first globally recognized institute to bring fully

AAOIFI-compliant certification to

Australia

,

Malaysia

,

Singapore

, and

New

Zealand

. AAOIFI is the Accounting and Auditing Organization for Islamic

Financial Institutions, the de facto standard for over 90% of the world's

jurisdictions.

"Because of the vast distance between the Gulf and

South East Asia

, the two

regions historically developed their industries quite separately from each other.

With Ethica's 100% online platform, we finally bridge the distance with globally

recognized certification that harmonizes standards across regions," said

Ethica's spokesperson. The institute leads the Islamic finance certification

industry with over 20,000 paying users in 44 countries and a network of

resellers in 10 countries.

Ethica's highly sought after exclusivity license went to Equitable Financial

Solutions and grants marketing and selling rights for

Australia

,

Malaysia

,

Singapore

, and

New Zealand

. Usman Siddiqui, Equitable's Managing Director,

said, "Partnering with Ethica enables EFSOL to deliver a world-class Islamic

finance certification to a market that has massive potential. Innovation and

development in Islamic finance will not happen if our current base of

professionals and academics are not versed in a better understanding of

Islamic finance."

What makes the partnership especially promising is that Ethica's 4-month

Certified Islamic Finance Executive (CIFE) program is delivered 100% online.

This means that these countries are now connected to the same standardized

training delivered in

Dubai

,

Bahrain

, and

London

. The

Dubai

-based institute's

clients include large banks like Mashreq Bank which trains 1,000 employees

using Ethica, universities like La Trobe, and Dow Jones affiliate Zawya, which

offers Ethica to its 750,000 users.

About Equitable Financial Solutions (EFSOL)

Equitable Financial is a

Sydney

-based company providing viable Shariah-

compliant financial solutions to the Australian community and the region. In

addition to offering a Mudarabah-based investment fund and a Musharakah-

based home financing product, EFSOL provides training and certification to the

business community. EFSOL has sold numerous properties and educated many

professionals about the benefits of Islamic finance and now plays a vital role in

marketing and distributing Ethica's global certification program across the

region. To learn more about Ethica's training programs in

Australia

,

Malaysia

,

Singapore

, and

New Zealand

, please call [phone] or e-mail at

[e-mail].

About Ethica Institute of Islamic Finance

(http://www.EthicaInstitute.com)

Winner of "Best Islamic Finance Qualification" at the 2011 Global Islamic

Finance Awards, Ethica is chosen by more professionals and students for

Islamic finance certification than any other organization in the world. With over

20,000 paying users in 44 countries, the

Dubai

-based institute is accredited by

leading scholars and serves banks, universities, and professionals across over

100 organizations. To watch an Ethica training video click here.

For more information about this article, or to schedule an interview with Ethica

Institute of Islamic Finance, please call [phone] or e-mail at

[e-mail].