KUALA LUMPUR: University of Reading (UoR), University of Reading Malaysia (UoRM) and the International Centre for Education in Islamic Finance (INCEIF) signed a Memorandum of Agreement (MoA) aimed at reinforcing collaborative efforts between the three parties yesterday,
INCEIF President and CEO Dato’ Dr. Mohd Azmi bin Omar signed on behalf of INCEIF, while UoR and UoRM were represented by UoRM Provost Professor Dr. Tony Downes. The signing took place at INCEIF campus in Kuala Lumpur.
The universities and INCEIF have a longstanding collaborative relationship that began in 2008. With the signing of this MoA, the three parties will work closely together to foster opportunities for research, publications and colloquia, promote staff and student exchanges for their personal and professional development, develop programmes, exchange academic materials and publications and provide various cultural and intellectual enrichment opportunities for staff and students, to name a few.
Among others, UoRM’s Henley Business School began offering the university’s MSc Investment Banking and Islamic Finance (MSc IBIF) to students with INCEIF’s Professional Certificate in Islamic Finance, specialising in Islamic Capital Market, in 2018. This specialist 12-month Master’s programme provides students with the opportunity to develop and demonstrate their understanding and detailed foundation of both the theory and practical applications of modern finance both in conventional and Islamic jurisdictions.
According to Professor Dr. Downes, “This MoA takes our collaboration with INCEIF to the next level. Islamic Finance is such a thriving industry and, with the university’s presence in Malaysia, we are well poised to tap into the opportunities presented here to equip our students with specialist skills and knowledge to pursue rewarding careers in a diverse range of fields.”
Dato’ Mohd Azmi said: “I am happy to note that University of Reading, in particular Henley Business
School, has continued its collaboration with INCEIF through its Malaysian branch. Our unique mission is to elevate and advance the practice of Islamic finance globally. By joining forces with Henley Business School, a triple internationally accredited school, we are ensuring that our Islamic Finance postgraduate studies have access to a wider audience globally. INCEIF is also on track to be the Islamic Finance business school of choice.”
The modules to be delivered specifically by INCEIF under the MSc IBIF programme are the Principle of Islamic Commercial Jurisprudence which would be delivered at the UoRM.
Educity campus in Johor the first semester of studies, risk Management for Islamic Financial Institutions which will be delivered by INCEIF at INCEIF campus and Islamic Banking Practices which will be delivered by INCEIF at INCEIF campus.
UoRM will deliver the following Islamic finance and investment banking modules at the UoRM campus, which features Islamic Finance Modules such as Design, Implementation and Risk Aspects of Islamic Financial Products, Financial Analysis of Islamic Financial Institutions Investment Banking Modules, Securities, Futures and Options and Fixed Income and Equity Investments.