A capacity development workshop on Islamic Capital Market has been held for officials from various Maldives financial institutions in Male, Maldives. The workshop was jointly organized by the Islamic Research and Training Institute (IRTI), a member of the Islamic Development Group, and Maldives Capital Market Development Authority (CMDA).

Held from 25 to 27 November 2019, the training program discussed various topics and issues in Islamic capital market, specifically Islamic fund management with a portfolio management approach, Shari’ah screening process, asset allocation strategies, accounting treatment of asset management industry, and Islamic fixed investment management.

Twenty-seven participants attended the workshop from different financial institutions from Maldives, consisting of asset portfolio managers, brokers, dealers, investment advisers, regulators, Shari’ah advisors, financial industry operators, and academics.

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In his speech at the opening of the progam, Professor Ibrahim Zakariyya Moosa, Vice Chancellor of the Islamic University of Maldives, expressed his appreciation for the cooperation with IRTI in organizing the workshop. He added that the workshop will provide the Maldivian officials with advanced knowledge to confront contemporary challenges and new trends in the Islamic finance industry.

IRTI Learning Specialist, Mr. Mohamed Abdeltawab, also spoke of the significance of the cooperation between IRTI and CMDA. He further explained that the workshop was specifically customized for the Maldives financial institutions’ officials and that the sessions were delivered by some of the best scholars in the Islamic financial industry. The workshop was facilitated by Dr. Dawod Ashraf, IRTI Senior Researcher, and Prof. Zulkaranian Sori, INCEIF Associate Professor.