Islamic financial services will only be able to thrive alongside traditional services if accountants develop the required skills, it has been claimed.
Dr Mohd Daud Bakar, an international sharia expert, has called on those involved with the sector to ensure people are given the opportunities they need to develop their skills.
According to Dr Bakar, global qualifications such as the Certificate in Islamic Finance offered by the Chartered Institute of Management Accountants (CIMA) can go someway to ensuring this happens.
Dr Robert Jelly, director of education at CIMA, agreed, pointing out that a global qualification in the subject could help accountants stand out from the crowd.
Islamic finance has attracted increased attention since the start of the credit crunch, with many claiming it is a viable alternative to mainstream offerings.
Abdullah Ahmad Badawi, the former prime minister of Malaysia, was just one of several figures to suggest that the system is more stable than conventional financial structures.
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