Ethica Institute of Islamic Finance will roll out a fully Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI)-compliant certification to Australia, Malaysia, Singapore, and New Zealand.
“Because of the vast distance between the Gulf and southeast 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 recognised certification that harmonises standards across regions,” said an Ethica 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 license went to Equitable Financial Solutions and grants marketing and selling rights for Australia, Malaysia, Singapore, and New Zealand. Now Ethica’s four-month Certified Islamic Finance Executive (CIFE) programme is delivered 100% online. This means that these countries are now connected to the same standardised training delivered in Dubai, Bahrain, and London.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
With rising interest rates being a hot topic at this year’s AFP conference, many treasurers were discussing how they can structure their ... read more