Brunei Institute of Leadership and Islamic Finance (BILIF) and London Institute of Banking and Finance (LIBF) recently signed a memorandum of understanding (MoU) for cooperation and collaboration in the area of developing human capital in the banking and finance sector.
BILIF Chief Executive Officer Hajah Sufinah binti Haji Sahat and Managing Director of Professional Education at LIBF Mark Heaton inked the MoU.
The partnership allows for BILIF to offer LIBF’s Professional Diploma in Banking & Finance (PDipB&F) and Advanced Diploma in Banking & Finance (AdvDipB&F).
PDipB&F comprises industry-recognised qualifications which support career pathways in business and commercial banking roles. It equips participants with specialist knowledge and builds industry-relevant competencies in the said fields.
Upon completion, participants will be qualified for the AdvDipB&F, where they will be given the opportunity to upgrade their knowledge on the strategic issues faced by banks, risk and strategic management, as well as innovations in the banking sector.
Participants will have the flexibility of completing these diplomas at their own pace. The PDipB&F can be completed within 16 months or earlier, whereas the AdvDipB&F can be completed within 12 months or earlier.
Upon completion of these diplomas, participants who have three years of professional experience are eligible to apply for the Chartered Associateship of the London Institute of Banking & Finance.
The chartered status will raise participants’ professional profile and assist them in advancing in their career.
BILIF, formerly known as the Centre for Islamic Banking, Finance and Management (CIBFM), is the centre of excellence for the finance industry under the purview of Brunei Darussalam Central Bank (BDCB).
BILIF provides high-quality learning solutions and organises signature and collaborative events for human capacity development in the areas of Islamic finance and leadership.
LIBF, founded in 1879, is a university college that aims to advance banking and finance by providing outstanding education, tailored to the needs of individuals, business and society.
LIBF is based in the United Kingdom, with regional offices in United Arab Emirates and Singapore.
Through their programmes and certifications, LIBF provides professional recognition in banking and finance, from the award of a certificate through to granting their highly regarded the chartered associateship status.