Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are the most required skills and competencies in Islamic financial industry?

user-image
Question added by Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform
Date Posted: 2014/02/09
Shahidul Islam
by Shahidul Islam , Assistant Officer , First Security Islami Bank Ltd

1) Adequate knowledge about Holy Quran & Hadith.2)Modern technological skills3)Communication skills4)Others management skills

Mohammed Al-Saggaf
by Mohammed Al-Saggaf , Credit Supervisor , Machinery Rental Alternatives Co. (Zahid Group)

The same skills required to do the conventional equivalent with the addition of

1.     The sincere intention to follow the Islamic rules. This might sound ridiculous but it is necessary as you will need to give up business due to incompatibility with Shari’ah and without the sincere intention, you will always try to find a work around that might not be with full compliance of the Shari’ah.

2.     Knowledge of the Islamic Contracts and how different from their conventional equivalent as well as the reason behind the prohibition of the conventional ones.

 

3.     Basic knowledge of what’s allowed in Islam and what’s forbidden (a.k.a. Halal and Haram) with regard to the businesses that you would be involved with.

More Questions Like This