The UK’s Chartered Institute for Securities & Investment (CISI) said that its Islamic Finance Qualification (IFQ) will be offered in Spain, via a long-term training agreement signed between the UK-based accredited training provider Simply Sharia Human Capital (SSHC) and the prestigious Spanish business school, Escuela de Finanzas (EdF).
SSHC will offer the IFQ, a globally-recognised foundation course, as part of the business school’s CISI Masters programme in wealth management and Islamic finance; a five-part course covering financial markets, portfolio construction theory, applied wealth management, Islamic finance and skill management.
With its headquarters in the Spanish city of A Coruña, EdF specialises in postgraduate courses in finance, in both Spain and on campuses in Bogota and Montevideo, South America. For the future, the school is focussed on international business and collaborative partnerships.
Ruth Martin, CISI managing director, said: “We are delighted to support this collaboration between Simply Sharia and EdF. It is important that students are offered qualifications which will not only build on their knowledge but give them the edge and a unique selling point in these difficult job market conditions.”
Venancio Salcines, EdF’s president, added: “Spain has a very strong historic relationship with Islamic countries. It didn´t make any sense that in a country like Spain with this historic background no one offered IFQ, this is why we have embraced this responsibility, and we want to develop this program in the CISI´s framework and with the help of one of the worldwide leaders in Islamic finance”
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.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.