In January 2013, we highlighted the issue of skills shortages and gaps potentially limiting the ambitions of aspiring Islamic finance hubs in the Arab World. A key challenge that all aspiring Islamic finance hubs face is developing a banking workforce with Sharia knowledge, the ability to clearly explain Islamic banking products, and the ability to contribute to product development. Without these competencies staff in Islamic financial institutions have difficulties explaining products to customers and are unable to contribute to product innovation. In the run up to the recent Global Islamic Economy Summit in Dubai, our research on skills needs required by emerging Islamic financial hubs was cited in by several news outlets and institutions in the GCC.
View Our Other Work on Islamic Finance and Banking in the Arab World
In our blog post Skills Shortages and Gaps May Limit the UAE’s Islamic Finance Hub ambitions (http://tahseen.ae/blog/?p=597), we highlight that the UAE, for example, faces tremendous skills shortages in forging a vibrant Islamic finance industry.
In our blog post Tahseen Consulting’s CEO Sees Strong Growth Potential for Local Banks in the UAE (http://tahseen.ae/blog/?p=735), Walid Aradi outlines why local banks have been gaining market share from international competitors in the UAE
In our blog post Tahseen Consulting Analysis Cited by Abu Dhabi Council for Economic Development in its Analysis on the Growth of Islamic Finance in the UAE (http://tahseen.ae/blog/?p=694), Tahseen Consulting’s Wes Schwalje comments of on the growth of Islamic finance in Abu Dhabi