25 July 2011

Nigeria: Islamic Finance Institute Holds Training in Kano

Kano — The Islamic Institute of Accounting and Finance of Nigeria yesterday concluded a two-day conversion course on Islamic Accounting and Finance for Accounting and other related professionals in order to blend Islamic finance with conventional finance. The event which took place at Mambayya House drew participants from Jigwawa, Borno, Sokoto, Katsina, Kaduna and kano states.

Register and Chief Executive Officer of the Instititute, Dr.Busari Shamsudeen Akande said the Institute organized the conversion program to enable participants get abreast of Islamic finance in preparation for the take of Islamic Banking in Nigeria.

He said: "The aim of the Institute is to prepare Islamic financial experts in the country so that when Islamic Banking finally takes off, we don't have to import expatriates from outside. The executive conversion programme is meant to bridge the gap between conventional finance and Islamic finance. The conversion is a prerequisite for induction and membership of the Institute of Islamic Accounting and Finance of Nigeria."

The two day executive conversion training focused on Islamic Banking and Accounting, Banking and Finance in comparison to Islamic Accounting, Islamic Insurance, Forensic and Islamic auditing.

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