Career Options In Islamic Banking And Finance - Part 8
Full Webinar available at bit.ly Attendee (Yusuf): What is the role of IT professionals in Islamic banks, I have 3 years of experience in the IT industry, should I first start from the IT perspective while gaining experience in Islamic finance and then switch to the finance side or should I first start from the IT perspective in an Islamic bank while gaining experience in Islamic finance and then switch to the finance side? Atif: My advice is always to do what you really want to do. So if you really like the IT side then pursue that. If you really like the finance side then pursue that. If your background is 3 years experience in the IT industry, the execution of an Islamic finance transaction is necessarily different from a conventional transaction and in the absence of training and well trained individuals you need to create systems that are in place that will dummy proof the execution. So that for instance somebody doesn't present an invoice and then say I'd like to do a Murabaha. So that's problematic obviously for those of you who know how Murabahas are supposed to be conducted. Now whats your role in that? Obviously if you have an IT experience combined with product knowledge in Islamic finance you're golden, so I would say once you have those things and then you go into an Islamic financial institution fully employed then you can obviously select what interests you. Yusuf: Just to touch upon that question perhaps just in terms of my understanding, I'm not entirely ...