Malaysia, Kuwait to train Islamic banking professionals

Will jointly develop training and internship programs.

Malaysia's International Center for Education in Islamic Finance (INCEIF), its Islamic finance university, and KFH Research, the research arm of Kuwait Finance House, will develop training and internship programs to address the growing demand for Islamic finance professionals.

The agreement calls for joint work on executive training, research reports on the industry and an internship program that will sponsor up to 10 students at a time. The six-month internships will include training and could lead to permanent positions with KFH.

The partners noted that the Islamic finance industry lacks a large pool of professionals with both academic and practical knowledge, a problem that the tie-up aims to solve.

"This is bridging the gap between academia and the industry," said Daud Vicary Abdullah, INCEIF President and Chief Executive.