Universiti Islam Sultan Sharif Ali (UNISSA) through the Faculty of Economy and Islamic Finance (FEKIm) has reached a milestone in producing the first batch of graduates with a Bachelor of Science in Islamic Finance (BScIF).
Last Monday, at UNISSA’s 10th Hafl Al-Takharruj (convocation ceremony), nine graduates received their Associate Qualification in Islamic Finance (AQIF), awarded by the Islamic Banking and Finance Institute of Malaysia (IBFIM).
IBFIM is a lifelong learning institution for the Islamic finance services industry. It is also a registered Syariah advisor under the Capital Markets Service Act 2007, and has been providing various Syariah advisories and consultations in the financial services industry.
Professional certification in Islamic finance offered under IBFIM, including AQIF, has been accredited by the global financial industry as meeting the required standards, in addition to receiving full accreditation from the Finance Accreditation Agency (FAA).
A programme-mapping was implemented between the BScIF and AQIF by IBFIM, in 2017.
The thorough evaluation process found that the BScIF course content met the requirements, as well as the AQIF certification criteria. Therefore, BScIF graduates who meet the stipulated requirements are subsequently recognised with AQIF conferment by IBFIM.
The AQIF award is one of the academic excellence achievement, as well as recognition from international professional training institutions and a significant benchmark on the quality of Islamic banking and financial curriculum of the BScIF programme. It has placed FEKIm under UNISSA on a par with renowned higher learning institutions in Malaysia, such as Universiti Sains Islam Malaysia (USIM), Universiti Utara Malaysia (UUM), Universiti Kebangsaan Malaysia (UKM), Universiti Sultan Azlan Shah (USAS) and Universiti Malaysia Kelantan, which similarly have strategic industrial reaction with IBFIM.
FEKIm Dean at UNISSA Dr Abdul Nasir bin Haji Abdul Rani explained, “The AQIF certification is an added value to the BScIF degree received by the graduate. In addition, the recognition is also important in boosting the capacity of Muslim graduates as a highly-skilled, dynamic, competent and marketable workforce need by the Islamic banking and finance industry, not only locally, but also across international borders.”
In realising its vision as the leading academic centre of excellence particularly in terms of Islamic studies, banking and finance, and entrepreneurship, the FEKIm of UNISSA will ensure that its academic programmes are up-to-date, of high quality, and on par with the academic programmes being offered internationally.