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Could Islamic finance provide an accountancy jobs boost?

 
Accountancy News |  24/11/2009
Could Islamic finance provide an accountancy jobs...Islamic finance is an increasingly important aspect of some accountancy jobs, according to one expert.

Daud Vicary Abdullah, who has just been appointed as the global leader of Deloitte Touche Tohmatsu's Islamic finance industry group, explained that the sector is rapidly expanding.

He said: "The Islamic finance industry is rapidly expanding, which presents opportunities for companies in various businesses around the world."

Demand for such skills has seen Deloitte's member firms providing services including audit, tax and consulting to Islamic financial institutions, as well as advice on sharia compliance issues, Mr Vicary Abdullah added.

Recently, Dr Mohd Daud Bakar, an international sharia expert, called on the accountancy profession to ensure that people have the skills needed to help Islamic finance operations run smoothly.

He warned that the sector could face a talent shortage in the future if action is not taken to address the issue of staff development now.

Posted by Stephen Wilkinson.

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