Rapidly expanding Islamic finance suffers from a dearth of skilled human resource with syariah-compliance knowledge. The Institute of International Finance (IIF) described it as a challenge for the industry, which has grown at a time when conventional banking and finance have undergone crises, offering a more resilient alternative.
“Further improvements in oversight, the development of secondary markets, regulatory issues and risk management remain,” says Lauren Clark an analyst from IFF’s Africa/Middle East Department and George T. Abed, senior counselor and director of the department, in a report………………………………………..Full Article: Source