CII and University of Bolton launch new Executive MBA course
The Chartered Insurance Institute and Islamic Insurance Association of London have worked with the Centre for Islamic Finance at the University of Bolton to launch a new Executive MBA in Islamic Insurance and Risk Management, which will be delivered by distance learning with a blend of live online sessions, tutor support and independent study.
Alongside management subjects within an MBA the qualification includes modules on Islamic Insurance and Islamic Risk Management to enable professionals to develop comprehensive and contemporary knowledge and understanding of methodologies and concepts of Islamic Law, and the application of legal principles within Islamic business transactions.
Max Taylor, Chair of the Islamic Insurance Association of London, said: “We are extremely pleased to have played our part in the creation of this MBA, which will provide a recognised qualification in an ever more important area of the global risk and insurance profession.
“The involvement of the Centre for Islamic Finance at the University of Bolton and the Chartered Insurance Institute ensures this course will set the standard for a qualification which we believe will be recognised and valued by employers across the profession.
“We very much hope this will be viewed as an attractive opportunity for students across the world to utilise the MBA in their efforts to pursue a career within Islamic insurance, and it forms a significant part of the Islamic Insurance Association of London’s efforts to promote the establishment of Sharia-compliant capacity within the London market.
“As the University’s partner in this MBA we will work closely with the Centre for Islamic Finance led by Professor Abdel-Haq to ensure that students have access to the expertise within the London market.”
Jonathan Clark, interim CEO of the Chartered Insurance Institute said: “Insurers are looking for professionals who are well informed about the market, its challenges and opportunities if they are to succeed commercially by meeting the needs of new and diverse customers.
“Islamic insurance is of growing importance to the global insurance profession. An MBA focusing on this area will make a relevant and positive contribution.
“This qualification combines the specialist understanding of Islamic insurance and risk management, with the core University of Bolton MBA suite of modules supporting critical business and leadership skills. We are delighted to be able to offer this opportunity to students.”
Professor George Holmes, Vice Chancellor and President of the University welcomed this new development saying “Engagement with professional bodies is a key strategy of the university and we are delighted to be working with the Chartered Insurance Institute and Islamic Insurance Association of London to further develop the Centre for Islamic Finance. This is a further enhancement of the Centre and I look forward to the first cohort joining us and following their progress.”
Authored by The Chartered Insurance Institute
