The Chartered Institute of Insurance (CII) has teamed up with the Islamic Insurance Association of London (IIAL) and the Centre for Islamic Finance at the University of Bolton to launch a new executive MBA in Islamic insurance and risk management.
Recognising the growing importance of Islamic insurance in the global market, the qualification aims to help professionals develop a comprehensive understanding of Islamic law and how its concepts are applied in Islamic business transactions.
Jonathan Clark, interim CEO of CII, said that the programme combines “specialist understanding of Islamic insurance and risk management, with the core University of Bolton MBA suite of modules supporting critical business and leadership skills.”
“Insurers are looking for professionals who are well-informed about the market, its challenges and opportunities if they are to succeed commercially by meeting the needs of new and diverse customers,” said Clark, adding that an MBA focused on Islamic insurance will allow professionals to make a positive contribution to an emerging segment of the industry.
“We very much hope this will be viewed as an attractive opportunity for students across the world to utilise the MBA in their efforts to pursue a career within Islamic insurance,” said IIAL chair Max Taylor, who described IIAL’s involvement in the programme as its latest effort to promote the establishment of Sharia-compliant insurance within the London market.
The two-year, part-time degree will be delivered by the Centre for Islamic Finance at the University of Bolton through distance learning, blending live online sessions with tutor support and independent study.
“Engagement with professional bodies is a key strategy of the university, and we are delighted to be working with the Chartered Insurance Institute and Islamic Insurance Association of London to further develop the Centre for Islamic Finance. This is a further enhancement of the centre, and I look forward to the first cohort joining us and following their progress,” said Professor George Holmes, vice chancellor and president of the University of Bolton.
