New Dubai-based centre to promote Islamic Banking around the world

| Wednesday, July 31, 2013
Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, launched the ‘Dubai Centre for Islamic Banking and Finance’ yesterday, which will offer students a Master degree, foundation certificates and short-term training programmes in Islamic banking and financing via Hamdan Bin Mohamad e-University (HBMeU).
“The launch of the centre is a significant boost to the Islamic economy sector in the UAE and a major step forward in the economic development agenda of Dubai,” said Shaikh Hamdan.
The centre is in line with the initiative launched by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Speaking on this partnership, Shaikh Hamdan stated: “The partnership between ‘Dubai Centre for Islamic Banking and Finance’ and HBMeU represents the importance of fruitful cooperation between different sectors in the country through investing in the best expertise and global experience in the field of Islamic economy which will benefit the sector and promote Dubai as the hub of the world economy.”
The programmes offered will cover key subjects such as Islamic banking, finance, Sharia, economics, accounting, risk management and corporate governance.
The centre will also conduct research to “advance the professional and theoretical foundation for Islamic banking and finance. It will also play a role in improving access to Islamic banking and finance education for the wider community in the Arab world.
The Chancellor of HBMeU stated that an international advisory board will help implement the services provided by the centre.
“Because this is an international initiative, we put together an international experienced advisory board which will help establish the centre under the umbrella of the university,” said Dr Mansoor Al Awar, Chancellor of HBMeU.
The programmes offered will adopt a blended learning approach of face-to-face learning, online collaboration and self-paced learning.

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