Human capital and collaborative initiatives: Human capital development

Human capital and collaborative initiatives: Human capital development

https://islamicmarkets.com/articles/human-capital-and-collaborative-initiatives-human-capital-development
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Human capital development best practice begins at the education level. Despite over 378 institutions providing Islamic finance education globally , there is a lack of consistency in the delivery of courses; in academic information and definitions; in assessments, curriculum and even the competencies candidates acquire. Many courses from reputable universities are heavy on the Islamic finance knowledge, but lack the practical knowledge needed to work in the industry and innovate through technology. It is essential for the industry to address this mismatch between education and skills, and to work with educators to formulate, develop and agree on professional standards, and the use of Fintech and digital expertise to raise competencies.

The industry must also make a concerte...