Education Corner

Artificial intelligence and Islamic finance education

In my previous report, I wrote about the importance of artificial intelligence (AI) in Islamic finance education. The importance of the information technology is well understood by the major institutions offering Islamic banking and finance postgraduate courses and professional bodies offering certification programs. For example, fintech has been thought as a core subject at the …

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The Islamic Social Finance Center: A tangible outcome from Islamic finance training

To meet the growing social and economic needs of Muslims in the Philippines, especially on their traditional turf in Mindanao, a newly formed Islamic Social Finance Center (ISFC) was launched on the 14th July 2018 in the Philippines. In unveiling the programs of the ISFC, Amanoding D Esmail, the center’s founder, said before an audience …

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Financial literacy: An essential skill in the 21st century

Throughout their lifetime, individuals today are more responsible for their personal finances than ever before. With life expectancies rising, pension and social welfare systems are being strained. Financial literacy affects everything from day-to-day to long-term financial decisions, and this has implications for both individuals and society. Low levels of financial literacy across countries are correlated …

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Islamic finance education: Are we building stone houses or setting up tents?

As the world changes, globalization and artificial intelligence will have more of an impact on careers and lifestyles. More than ever, the youth need an education that equips them with the skills they need to thrive in university and in the global workplace of the future. However, based on my personal experience of teaching Islamic …

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Distribution of Islamic finance educators in Malaysian universities: Is there a perfect blend?

The current state of Malaysia’s Islamic finance talent (educators who are involved as teachers and researchers in the various domains under Islamic finance education) in universities sees more Shariah and law experts. At least 30.1% (see Table 1) of instructors belong to this domain. The Islamic banking and finance subject has fewer experts standing at …

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