Global Islamic Finance Standards Come to Australia, Malaysia, Singapore, and New Zealand
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Global Islamic Finance Standards Come to Australia, Malaysia, Singapore, and New Zealand

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2 Pages
English

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Global Islamic Finance Standards Come to Australia, Malaysia, Singapore, and New Zealand PR Newswire DUBAI, UAE, June 11, 2012 DUBAI, UAE, June 11, 2012 /PRNewswire/ -- It takes 7 hours to fly from Dubai to Kuala Lumpur; 6 more to Sydney. And then there's the trip back. Throw in airports, jet lag, and delays, and it is no wonder that a short business trip to South East Asia from most parts of the world feels like it takes a week. In a world of Skype and streamed video, air travel just does not have the same appeal anymore. As a result, while 90% of the countries offering Islamic finance now follow one set of standards, namely AAOIFI's, South East Asia has been left behind with its own set of standards. This is about to change. Ethica Institute of Islamic Finance, the most heavily-enrolled Islamic finance program in the world, will be the first globally recognized institute to bring fully AAOIFI-compliant certification to Australia, Malaysia, Singapore, and New Zealand. AAOIFI is the Accounting and Auditing Organization for Islamic Financial Institutions, the de facto standard for over 90% of the world's jurisdictions. "Because of the vast distance between the Gulf and South East Asia, the two regions historically developed their industries quite separately from each other. With Ethica's 100% online platform, we finally bridge the distance with globally recognized certification that harmonizes standards across regions," said Ethica's spokesperson.

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Global Islamic Finance Standards Come to
Australia, Malaysia, Singapore, and New
Zealand
PR Newswire
DUBAI, UAE, June 11, 2012
DUBAI
, UAE,
June 11, 2012
/PRNewswire/ --
It takes 7 hours to fly from
Dubai
to
Kuala Lumpur
; 6 more to
Sydney
. And then
there's the trip back. Throw in airports, jet lag, and delays, and it is no wonder
that a short business trip to
South East Asia
from most parts of the world feels
like it takes a week. In a world of Skype and streamed video, air travel just does
not have the same appeal anymore. As a result, while 90% of the countries
offering Islamic finance now follow one set of standards, namely AAOIFI's,
South East Asia
has been left behind with its own set of standards.
This is about to change.
Ethica Institute of Islamic Finance, the most heavily-enrolled Islamic finance
program in the world, will be the first globally recognized institute to bring fully
AAOIFI-compliant certification to
Australia
,
Malaysia
,
Singapore
, and
New
Zealand
. AAOIFI is the Accounting and Auditing Organization for Islamic
Financial Institutions, the de facto standard for over 90% of the world's
jurisdictions.
"Because of the vast distance between the Gulf and
South East Asia
, the two
regions historically developed their industries quite separately from each other.
With Ethica's 100% online platform, we finally bridge the distance with globally
recognized certification that harmonizes standards across regions," said
Ethica's spokesperson. The institute leads the Islamic finance certification
industry with over 20,000 paying users in 44 countries and a network of
resellers in 10 countries.
Ethica's highly sought after exclusivity license went to Equitable Financial
Solutions and grants marketing and selling rights for
Australia
,
Malaysia
,
Singapore
, and
New Zealand
. Usman Siddiqui, Equitable's Managing Director,
said, "Partnering with Ethica enables EFSOL to deliver a world-class Islamic
finance certification to a market that has massive potential. Innovation and
development in Islamic finance will not happen if our current base of
professionals and academics are not versed in a better understanding of
Islamic finance."
What makes the partnership especially promising is that Ethica's 4-month
Certified Islamic Finance Executive (CIFE) program is delivered 100% online.
This means that these countries are now connected to the same standardized
training delivered in
Dubai
,
Bahrain
, and
London
. The
Dubai
-based institute's
clients include large banks like Mashreq Bank which trains 1,000 employees
using Ethica, universities like La Trobe, and Dow Jones affiliate Zawya, which
offers Ethica to its 750,000 users.
About Equitable Financial Solutions (EFSOL)
Equitable Financial is a
Sydney
-based company providing viable Shariah-
compliant financial solutions to the Australian community and the region. In
addition to offering a Mudarabah-based investment fund and a Musharakah-
based home financing product, EFSOL provides training and certification to the
business community. EFSOL has sold numerous properties and educated many
professionals about the benefits of Islamic finance and now plays a vital role in
marketing and distributing Ethica's global certification program across the
region. To learn more about Ethica's training programs in
Australia
,
Malaysia
,
Singapore
, and
New Zealand
, please call +61-2-800-50235 or e-mail at
info@efsol.com.au.
About Ethica Institute of Islamic Finance
(http://www.EthicaInstitute.com)
Winner of "Best Islamic Finance Qualification" at the 2011 Global Islamic
Finance Awards, Ethica is chosen by more professionals and students for
Islamic finance certification than any other organization in the world. With over
20,000 paying users in 44 countries, the
Dubai
-based institute is accredited by
leading scholars and serves banks, universities, and professionals across over
100 organizations. To watch an Ethica training video click here.
For more information about this article, or to schedule an interview with Ethica
Institute of Islamic Finance, please call +971-4-455-8690 or e-mail at
info@ethicainstitute.com.