Monday, August 5, 2013

International Islamic Financial and Halal Corporate Knowledge Hub ?


Preview                                                                                      

The annual growth rate of the modern Islamic financial products and services across the world as at 2013 is 20.4% (indicative), but undesirably noted here that, the adequate Shari’ah justified knowledge, research, solutions and development to support the above growth  are yet far behind. As a result, the Islamic financial and Halal industries globally are facing the shortage and short-coming of Shari’ah equipped required professionals, research and solutions so to facilitate the operations with excellent results.

Thus, it is an urgent step to focus on the knowledge culture specializing in applied Islamic finance & Halal business towards creating dynamic professionals, researchers and solution providers in facilitating the industries accurately by know-how and what within the right spirit of Shari’ah principles, standard system, policies and acceptable mechanisms.

The contemporary world recognizes Malaysia as among the leading providers of Islamic financial & Halal business products and services besides its education and professional offerings. To keep up such image with sustainability Malaysia has the potential to lead the applied Islamic financial & Halal corporate human capital development, research and   industrial solutions.

The above mission may truly be achieved though the establishment of “International Islamic Financial & Halal Corporate Knowledge Hub Malaysia”, so to centralize the applied Islamic financial & Halal corporate education & research development in view of preparing internationally acceptable academics, professionals, researchers & solution providers thus, may effectively meet the global industrial & academic expectation in reality.

Prime Objectives                                                                         
1.      Creating Malaysia, the “International Islamic Financial & Halal Corporate Knowledge Hub” by leading applied Islamic Financial and Halal Corporate Education & Research in preparing right Professionals to meet the contemporary global industrial demands.
 
2.      To open up a standardized (Centralized) opportunity for every Higher Learning Institutions of Malaysia with applied Islamic Financial & Halal Corporate Education & Research by establishment and duly implementation through:
 
(i)                   A globally (ISO) standard applied Islamic Financial and Halal Corporate Education Centre (by adapting CPBL model) in view of contributing towards a sustainable Human capital (professional) development scheme across the world.

(ii)                 Enrichment of applied Research culture (by adapting CPBR model) so to contribute with adequate references for the industries, professionals, academia, regulators, government, NGO and those of interested and involved ones in the Islamic finance & Halal business in the contemporary practicality.

(iii)               Providing appropriate Solutions (by adapting CPBS model) through professional consultancy, advisory and solution providing to corporate as well as intellectual problems faced by the academia, professionals, practitioners, regulators, government, NGO and the industries of Islamic financial  & Halal Business environment globally.

(iv)                Exploring and sharing accurate knowledge and information through effective Events (conference, seminar, summit, convention, colloquium, workshop, symposium and professional & industrial training) on day to day issues involving Islamic finance Halal business.

(v)                 Developing standard System, policies, guidelines, structure, model, reformation structure, transformation paradigm and soft-ware solution (by adapting CPBS) on Islamic Financial & Halal business products and services for the governments NGO, regulators, industries, professionals and operators in different parts of the contemporary world.
 
3.      To contribute towards producing able Professionals to meet the local, regional and global demands in the Islamic financial & Halal corporate industries as to human resources, qualified professionals, practitioners and subject experts are concerned.

 4.      To attract the global Islamic financial & Halal business industries to appreciate Malaysia as the leader in Islamic financial & Halal corporate Education & Research with standard mechanisms.

 5.      To attract the investors to invest in Malaysia for the standard Education, Research & Solutions in the applied Islamic finance & Halal business.

What Niche for Malaysia with the Scheme (K-Hub) whilst the Operation in Nature Exists at Home & Abroad as well?
                                   
It is an undeniable fact that, some selected Islamic banking, finance & commerce related knowledge based programs and activities are offered and or undertaken by individuals, institutions and organizations in different parts of the world including in Malaysia, which may be estimated at about 30% of the total demands of the global industries.

Despite such a phenomena, the existing offerings & activities with knowledge and information in the specialized sectors of Islamic finance and business have not sufficiently been claiming to meet the global industrial demands as to required qualified professionals to support the industrial growth through the right Shari’ah trained corporate-professionals.

Malaysia has been known with appreciation by the world of Islamic corporate knowledge to have been playing a potential role with utmost concern in preparing the professionals with knowledge and due experiences to support the Islamic financial and corporate industries across the world. Despite such continuing effort, its realisation is only at an average level as compared to what the annual industrial growth at 20.4% and its parallel professional demands in supporting the industries globally. Furthermore, the programs and the activities offered and undertaken by the local institutions have not also been comprehensive enough in covering all practical subjects, components or sectors with detail Shari’ah justified solutions so to meet the corporate demands in managing the industries with right directions as required by the Shari’ah standard.
Therefore, it is timely for the government of Malaysia in its talented capacity to take an effective immediate opportunity to lead the Islamic corporate-human capital & professional development scheme with applied knowledge, research & talents in view of producing talented professionals and industrial solutions for the Islamic financial and corporate industries as per today’s global demands, through the establishment of a first ever  “International Islamic Financial & Halal Corporate Knowledge Hub, Malaysia” and its micro-operation by the Malaysian Universities and Higher Learning institutions by establishing the “International Centre for Excellent in Applied Islamic Finance & Halal Business”.

Such noble initiative may rank Malaysia, the pioneer & the leader in producing right Professionals, Research, Talents & Solutions in meeting the demands of the Islamic financial & Halal corporate industries across the contemporary world with quality of high- achievership, EnSha Allah (swt).

Centralizing the Scheme (K-Hub)                                                                                           
An opportunity with encouragement in standardised applied Islamic financial & Halal corporate Education, Research & Solutions providing will be opened to all Universities & Higher learning institutions of Malaysia by the establishment of the “International Centre for Excellent in Applied Islamic Financial & Halal Business  Malaysia” respectively under the flagship of “International Islamic Financial & Halal Corporate Knowledge Hub”, by centralizing at the Ministry of Education (MoE).

Standardization (System & Policies)                                                                           
All Standards & Policies shall be Compliant with MQA / ISO and other International Standards by adapting corporate problem based learning (CPBL), corporate problem based research (CPBR) and cased solution (CPBS) models.
Quality Assurance (MQA / ISO)                                                                              
 The total policies, planning, structure, activities, functions and culture of the “International Islamic Financial& Halal Corporate Knowledge Hub” and its Micro-operating Component with the lead operators (Universities & Higher learning institutions of Malaysia) “International Centre for Excellent in Applied Islamic Finance & Halal Business Malaysia” shall be globally acceptable standard.

 

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