Ethica Institute Makes History at Mashreq Bank: Delivers First Bank-Wide Islamic Finance E-Learning

Islamic finance just got one step closer to addressing its biggest problem: a lack of qualified bankers and scholars.Today, the UAE's largest private bank, Mashreq Bank, rolled out the first ever bank-wide Islamic finance e-learning solution at its Islamic banking division,Mashreq Al Islami.Hiring Ethica, the Islamic finance e-learning institute, brings Mashreq 100% online Islamic finance training and certification across their entire network of branches.

The move marks a major turning point in an industry heavily bottlenecked by a lack of trained bankers and scholars. To date, banks have had to rely on external consultants to deliver short courses, but today's announcement makes year-round, bank-wide Islamic banking courses approved by scholars a working reality.

Mashreq Al Islami's Chief Executive Officer, Moinuddin Malim said, "Our partnership with Ethica demonstrates our commitment to ensure imparting quality programs, which caters to both basic Islamic banking courses as well as more sophisticated programs. We hold Sharia'h compliance as the core value of our business."

Ethica's Managing Director, Atif Khan said, "Whether training 100 bankers or 1,000 bankers, in tough times only e-learning provides the cost-effectiveness and year-round learning advantage over more expensive delivery channels such as classroom training. We are delighted to finally deliver Islamic banking courses to bankers anywhere, anytime."

Mashreq piloted Ethica with a few hundred users before rolling out bank-wide training. Earlier this year Dow Jones affiliate Zawya.com and New York based Banker's Academy signed on with Ethica as well.

In 2010, Ethica Institute of Islamic Finance (www.EthicaInstitute.com) was chosen by more professionals for Islamic finance certification than any other organization in the world. The Dubai-based institute received the award nomination for "Best Islamic Finance Training Institution" in 2009 and 2010 by Islamic Business and Finance Magazine. Mashreq Bank is the largest private bank in the UAE with assets of $25 billion and launched Mashreq Al Islami, their Islamic finance division, in March of this year.

For more information about this article, or to schedule an interview with Ethica Institute of Islamic Finance, please call Sameer Hasan at +971-4-305-0782 or e-mail at info at ethicainstitute dot com.

Ethica Institute of Islamic Finance™ is the world’s only accredited institute delivering Islamic finance training and certification 100% online. More people now choose Ethica’s CIFE™ (Certified Islamic Finance Executive™) than any other Islamic finance certificate. As the most recognized Islamic finance certifier in the world, Ethica™ was nominated “Best Islamic Finance Training Institution” two years running by IB&F, the industry’s leading award-granting body. Ethica™ remains the only online institute in the world to deliver standardized certification based on AAOIFI, the leading standard-setting body in Islamic finance.

About : Ethica Institute of Islamic Finance

Company Name: Ethica Institute of Islamic Finance
URL: www.EthicaInstitute.com
Contact Telephone Number : +9714 305 0782
Contact Email: contact@ethicainstitute.com
Address: Level 25, Monarch Office Tower, 1 Sheikh Zayed Road.
City: Dubai (United Arab Emirates)
ZipCode: 127150

This release was published on openPR.