Talent deficit in Islamic finance affects quality sukuk issuance

Malaysian Institute of Accountants (MIA) president Datuk Mohammad Faiz Azmi said the new regulatory body (NRB), which is proposed to be set up by the Committee to Strengthen the Accountancy Profession (CSAP), would help monitor the CFOs and recommend appropriate improvements as and when needed.

KUALA LUMPUR: The shortage of high-quality sukuk in the Islamic finance market is a result of the deficit in virtuous talent, a gap that must be filled fast for Malaysia to remain as the front runner in the industry, globally.

Former Malaysian Institute of Accountants (MIA) president Datuk Mohammad Faiz Azmi said this could pose a great threat to the future growth of the industry as well as limit the potential advancement in the sukuk market.