The Chartered Insurance Institute (CII) has teamed up with the Islamic Insurance Association of London on the launch of a new MBA in Islamic Finance.
A two-year, part-time graduate degree, it will focus on commerce and management and the hope is that it will help insurance professionals with their career progression at organisations that follow Islamic principles. Applicants will need at least two years of relevant work experience and a UK honours degree, or equivalent.
Presented by the University of Bolton, it will teach students on the unique issues associated with Islamic products, and help them identify risk elements and mitigation techniques.
“We are extremely pleased to have played our part in the creation of this MBA, which will provide a recognised qualification in an ever more important area of the global risk and insurance profession,” said chair of the Islamic Insurance Association of London Max Taylor.
“The involvement of the University of Bolton and the Chartered Insurance Institute ensures this course will set the standard for a qualification which we believe will be recognised and valued by employers across the industry.
“We very much hope this will be seen as an attractive opportunity for students across the world to utilise the MBA in their efforts to pursue a career within Islamic insurance and it forms a significant part of the Islamic Insurance Association of London’s efforts to create the foundations for the establishment of sharia-compliant capacity within the London market.”
Meanwhile, the CII’s CEO Sian Fisher noted that insurers need professionals who are well informed on the market.
“Islamic insurance is of growing importance to the global insurance profession,” she said.“An MBA focusing on this area would make a relevant and positive contribution.”
