Dubai: Dubai-based Ethica Institute of Islamic Finance, the world’s most heavily-enrolled Islamic finance certifier with over 20,000 paying users in more than 100 institutions in 47 countries, has signed an exclusivity agreement with Alar Conseil, an independent Moroccan advisory and training firm specialized in human resources development, in order to facilitate Moroccans with globally recognized Islamic Finance training and certifications.
According to experts, Morocco is turning out to be one of the most exciting markets in Islamic banking. With more than half the population already using banks or willing to switch to an Islamic option and with 94 percent recently surveyed “in support” of Islamic banking, Morocco’s Islamic banking sector is set to grow at rapid pace.
Currently over a dozen Islamic banking applications are on the table at the central bank and one bank is expected to begin operations later this year. This means that numerous banking professionals will start seeking certification in Islamic finance immediately.
To serve this growth market, Ethica Institute of Islamic Finance will deliver exclusively through Alar Conseil so that Moroccans can access the institute’s globally recognized training and certification online and face-to-face.
Through Ethica, Moroccan bankers now get 100 percent AAOIFI-compliant training in rapid 4-month programs, delivered 100 percent online or face-to-face. AAOIFI is the Islamic finance industry’s leading standard-setting body.
Alar Conseil’s Managing Director, Amine Rossafi, said, “Morocco is at the last stage of building a regulatory framework to develop Islamic finance. Today we are very excited to announce our partnership with Ethica. Professionals and students in Morocco will now access high quality Islamic finance courses at the most heavily-enrolled Islamic finance certification institute in the world. Our partnership with Ethica reinforces our commitment to promote Islamic finance through e-learning and by providing customized training and seminars.”
Ethica’s spokesperson commented, “If Morocco’s Islamic finance sector is going to succeed, the key is to deliver standardized, AAOIFI-compliant certification in the fastest, most cost-effective way possible. That is what we aim to do, God willing, in a partnership between Alar Conseil and Ethica.”
Alar Conseil is pioneering several initiatives to bring best-in-class training and management consultancy to serve individuals, universities, schools, and companies. As part of its mission, Alar Conseil is engaged in introducing and promoting ethical alternatives to the conventional interest-based finance system.
Ethica Institute of Islamic Finance is the winner of “Best Islamic Finance Qualification” at the Global Islamic Finance Awards, Ethica is chosen by more professionals for Islamic finance certification than any other organization in the world. With over 20,000 paying professionals in 47 countries, the Dubai-based institute serves banks, universities, and professionals across over 100 organizations with its 4-month Certified Islamic Finance Executive (CIFE) program delivered 100 percent online. The CIFE is the only globally recognized certificate accredited by scholars to fully comply with AAOIFI, the world’s leading Islamic finance standard.