Malaysia is currently the best Islamic finance hub as it offers all the required facilities, one of Asia’s top banker Tan Sri Azman Hashim said.
These include research, training and the laws, said Azman, who is chair of AmBank Group.
He said with more Islamic finance centres in the world, the better it is for the advancement of global Islamic finance sector.
“This would further promote Islamic finance in the world, against conventional finance,” he told reporters after the signing ceremony of a memorandum of agreement between Open University Malaysia (OUM) and Islamic Banking and Finance Institute of Malaysia (IBFIM).
Azman is also OUM pro-chancellor.
OUM president and vice chancellor Prof Emeritus Tan Sri Anuwar Ali said the five-year collaboration, amounting to RM5 million, includes the development and implementation of the information technology (IT) infrastructure for the first fully computerised Takaful Basic Exam (TBE) for takaful agents.
“We will assist IBFIM in the design, development, maintaining the TBE Management System, as well as developing the e-learning materials for the programme,” he said.
IBFIM chief executive officer Datuk Dr Adnan Alias said as of April this year, 2,544 takaful agents have taken the computerised TBE in 20 OUM examination centres nationwide.
“We are catering for a wide market. There are now 75,000 takaful agents in the country and we have also received requests from other countries to bring such examinations to their shores soon,” he said.