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College to draft Islamic finance curriculum

INCEIF President and CEO Daud Vicary Abdullah. PHOTO | DENNIS ONSONGO | NMG
INCEIF President and CEO Daud Vicary Abdullah. PHOTO | DENNIS ONSONGO | NMG 

A Mombasa-based college yesterday signed a three-year memorandum of Understanding (MoU) with Malaysian training university to develop curriculum on Islamic Finance.

Coast International College (CIC) also signed a letter of collaboration with the Inceif, The global University for Islamic Finance which is a research training university owned by the Central Bank of Malaysia.

The MoU was signed by college principal Loise Gichuki, Inceif president and chief executive Daud Vicary Abdullah, founder of CIC Suleiman Shahbal and other representatives.

The programme will offer Diploma in Islamic finance.

Through the agreement, the Malaysia University will provide curriculum, course materials and lectures related to Islamic jurisprudence, Islamic Law of contract, financial accounting and fundamentals of Islamic Banking among others.

The Inceif president said the MoU will pave way to the hosting of Islamic Finance conferences in Africa as part of cooperatively propagating and advancing Islamic Finance knowledge to develop the global finance Industry.