15.06.2012 - Global shortage of Islamic finance professionals identified
The world needs 50,000 Islamic finance experts right away to promote Islamic banking and finance. Some 38 universities around the world are producing approximately 5000 graduates in Islamic banking and finance a year but estimated that demand is potentially 10 times that number. According to Muhammad Zubair Mughal, Chief Executive Officer of Lahore-based Al-Huda Centre of Islamic Banking and Finance, warned that If this demand / supply imbalance was not addressed in the short term it would leave Islamic banking and finance facing many obstacles in its growth and promotion. (Press Release)