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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Sukuk , Faiz , Azmi , sukuk , talent ,

Next In Business News

Maybank appoints of Malique Sidique as acting GCFO
SMRT eyes growth in key markets, expands footprint
Ringgit firmer against US dollar on sustained hope for Fed rate cut
Johor Plantations posts higher net profit of RM257.32mil for FY24
Teo Seng Capital expects stable performance for the year
EcoWorld sells land in Johor to Microsoft for RM693mil
Chemlite Innovation Bhd receives Bursa Securities approval for ACE Market listing
Bursa Malaysia ends lower, RichTech Digital surges 28%
Central banks of Malaysia, Indonesia and Thailand enhance local currency transaction framework
SC introduces Regulatory Sandbox to facilitate innovation

Others Also Read