The School of Management of the University of Louvain in Belgium launched a diploma in Islamic Finance. The courses which will run with the help of the Brussels-based organization called Islamic Markets Advisors, ISFIN, will start in April in Belgium and Luxembourg.
The LSM and the ISFIN, both in a joint press release, said that Islamic finance has become an important part of the international financial system and is one of its fastest-growing components. Islamic investments and the cash convertible amounts available in the UAE and Asia are making this industry go on top in a few years’ time.
This portion of banking is growing 50% faster than the entire banking industry in several banking markets. Islamic banking assets have become more than USD 2 trillion.
Being the 3rd place in the world for Islamic finance empowerment, Luxembourgآ requires high-level executive training in this booming sector. Belgium has some of the major international companies and institutional head offices. In the last few years, Belgian authorities and institutions have focused their activities and interests on the Gulf, the Mediterranean, and other Muslim markets.
Luxembourg and Belgium are portraying themselves to become recognized actors in Islamic finance, funds, and the Islamic economy.
Professor and LSM Dean, Michel De Wolf, said “the LSM offers world-class courses and highly specialized options based on advanced research. LSM is the business school of the University of Louvian, one of the oldest universities in Europe. It provides opportunities for interdisciplinary and international experiences.”
Professor Laurent Marliere, head of ISFIN said “from an emerging niche, Islamic Finance has become a worldwide phenomenon and a solid pillar of the financial industry. It is growing 50% faster than the entire banking industry in several core-banking markets”.
“This innovative and brand new area is lacking experts. This university diploma is specially designed for bankers, managers, corporate lawyers, accountants, finance auditors,” he added.