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Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents

Consistent with the government’s effort to further promote Malaysia as the International Islamic Finance Education Hub, this article highlights the supply gap in Islamic finance education and identifies issues for future marketability of Islamic Finance Talents. Specifically, this article focuses t...

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Main Authors: Mohd Yusof, Rosylin, Maamor, Selamah, Al-Aidaros, Al-Hasan
Format: Article
Language:English
Published: Faculty of Business Management, UiTM, Malaysia. 2016
Subjects:
L Education (General)
Online Access:http://repo.uum.edu.my/21931/1/JEIR%204%203%202016%201%2010.pdf
http://repo.uum.edu.my/21931/
http://www.jeeir.com/v2/index.php/component/content/article/30-current/2016/vol-4-no-3-2016/129-paper1-vol4-no3-2016
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spelling my.uum.repo.219312017-05-02T06:41:12Z http://repo.uum.edu.my/21931/ Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents Mohd Yusof, Rosylin Maamor, Selamah Al-Aidaros, Al-Hasan L Education (General) Consistent with the government’s effort to further promote Malaysia as the International Islamic Finance Education Hub, this article highlights the supply gap in Islamic finance education and identifies issues for future marketability of Islamic Finance Talents. Specifically, this article focuses the number, nature and nomenclature of programs offered by existing public and private universities in Malaysia and assesses whether the graduates meet the demand of the industry players.This study covers eleven (11) public universities and three (3) private institutions which offer MIF programs both at undergraduate and graduate levels. Based on the survey on existing programs and student enrolment in Muamalat and Islamic Finance (MIF) programs offered by these institutions, the findings reveal that there are 89 Islamic finance programs offered at the various Malaysian institutions. Out of these, 21 are PhD, 36 Masters, 27 Bachelors and 5 Diploma programs. The survey also found that programs with banking and finance focus are the majority constituting at least 37%. These are followed by Muamalat (Shariah and Law) focused programs to the tune of 25%. Others are Islamic economics (20%), Islamic Management (15%) and Islamic accounting (3%). The analysis was also done to critically re-define Islamic Finance education into five domains that is Muamalat (Shariah and Law), Islamic Finance, Islamic Economics, Islamic Accounting and Islamic management and abbreviated as MIF.The study further recommends that Ministry of Education and MQA need to facilitate the approval of new programs in Islamic accounting, Islamic economics and Islamic management.Universities that offer MIF programs should also diversify their programs based on the five domains. Hence, there is a dire need for policy ramifications to include a balance of students’ enrolments in all the five domains to achieve the government target of 54,000 Islamic Finance talents in 2020. Faculty of Business Management, UiTM, Malaysia. 2016-09 Article PeerReviewed application/pdf en http://repo.uum.edu.my/21931/1/JEIR%204%203%202016%201%2010.pdf Mohd Yusof, Rosylin and Maamor, Selamah and Al-Aidaros, Al-Hasan (2016) Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents. Journal of Emerging Economies and Islamic Research, 4 (3). pp. 1-10. ISSN 2289-2559 http://www.jeeir.com/v2/index.php/component/content/article/30-current/2016/vol-4-no-3-2016/129-paper1-vol4-no3-2016
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic L Education (General)
spellingShingle L Education (General)
Mohd Yusof, Rosylin
Maamor, Selamah
Al-Aidaros, Al-Hasan
Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents
description Consistent with the government’s effort to further promote Malaysia as the International Islamic Finance Education Hub, this article highlights the supply gap in Islamic finance education and identifies issues for future marketability of Islamic Finance Talents. Specifically, this article focuses the number, nature and nomenclature of programs offered by existing public and private universities in Malaysia and assesses whether the graduates meet the demand of the industry players.This study covers eleven (11) public universities and three (3) private institutions which offer MIF programs both at undergraduate and graduate levels. Based on the survey on existing programs and student enrolment in Muamalat and Islamic Finance (MIF) programs offered by these institutions, the findings reveal that there are 89 Islamic finance programs offered at the various Malaysian institutions. Out of these, 21 are PhD, 36 Masters, 27 Bachelors and 5 Diploma programs. The survey also found that programs with banking and finance focus are the majority constituting at least 37%. These are followed by Muamalat (Shariah and Law) focused programs to the tune of 25%. Others are Islamic economics (20%), Islamic Management (15%) and Islamic accounting (3%). The analysis was also done to critically re-define Islamic Finance education into five domains that is Muamalat (Shariah and Law), Islamic Finance, Islamic Economics, Islamic Accounting and Islamic management and abbreviated as MIF.The study further recommends that Ministry of Education and MQA need to facilitate the approval of new programs in Islamic accounting, Islamic economics and Islamic management.Universities that offer MIF programs should also diversify their programs based on the five domains. Hence, there is a dire need for policy ramifications to include a balance of students’ enrolments in all the five domains to achieve the government target of 54,000 Islamic Finance talents in 2020.
format Article
author Mohd Yusof, Rosylin
Maamor, Selamah
Al-Aidaros, Al-Hasan
author_facet Mohd Yusof, Rosylin
Maamor, Selamah
Al-Aidaros, Al-Hasan
author_sort Mohd Yusof, Rosylin
title Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents
title_short Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents
title_full Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents
title_fullStr Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents
title_full_unstemmed Bridging the supply gap in Islamic finance education: current landscape and future marketability of talents
title_sort bridging the supply gap in islamic finance education: current landscape and future marketability of talents
publisher Faculty of Business Management, UiTM, Malaysia.
publishDate 2016
url http://repo.uum.edu.my/21931/1/JEIR%204%203%202016%201%2010.pdf
http://repo.uum.edu.my/21931/
http://www.jeeir.com/v2/index.php/component/content/article/30-current/2016/vol-4-no-3-2016/129-paper1-vol4-no3-2016
_version_ 1644283376736141312
score 13.211869

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