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Human Capital Development In Islamic Finance The Success Story Of Kazakhstan

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The Bureau for Continuing Professional Development has initiated development of the best certification programmes in Kazakhstan with the purpose of forming a pool of professionals in the sphere of Islamic Finance starting from 2017. The Bureau has selected top programmes from international certification and education institutions and organised trainings for local community and professionals. Currently, the Bureau has the following certification programmes in the pool:

The Bureau had also organised Train the Trainer Programs to develop trainers in Islamic Finance Certification for further development of educational programmes in this direction. They are:

  • Train the Trainer Program Certified Training Professional by Finance Accreditation Agency (FAA, Malaysia) in June 2017, 9 trainers have been accredited
  • Train the Trainer Program INCEIF – Professional Certificate in Islamic Finance
Mr. Nurlan Kussainov, CEO of the AIFC Authority receiving the “Human Capital Development Award”
at the GIFA 2018 on behalf of the AIFC Bureau for Continuing Professional Development.

BCPD is the exam centre for all the above-mentioned certifications

There are 60 retrained people in BIBF IBFC and CISI  IFQ, 5 certified in CISI IFQ  to date.  The total number of retrained people in BCPD Islamic Finance programmes is more than 100.

Conditional grants are issued in BIBF IBFC, CISI, PCIF (INCEIF), CIPA (AAOIFI) to stimulate professional development of financial sector specialists and universities’ teaching staff.

Islamic Finance Week – platform for discussions of Islamic Finance industry and education issues – is conducted annually in October.

BCPD is developing its presence is academia by opening joint centres in universities and redesigning academic programmes.    Thus,    Islamic    Finance courses within academic programme in Finance are launched in M. Narikbayev KazGUU University with BCPD trainers, and tri-lateral MoU and joint Islamic Finance Centre is launched in Al-Farabi KazNU in cooperation with Hamad bin Khalifa University (Doha, Qatar).

BCPD had conducted numerous Islamic Finance programmes info sessions in universities in Almaty and Nur-Sultan with the purpose of raising awareness in Islamic Finance education and certification issues.

Society of Islamic Finance Professionals had been registered in 2018 for the development of Islamic Finance community. It is a nonprofit organisation, which is aimed to develop expertise and initiatives of local Islamic Finance professionals.

Mr. Alibek Nurbekov, Head of the AIFC Islamic Finance & Business Hub receiving the “Upcoming
Personality in Islamic Finance for Policy Development Award” at the GIFA Awards 2018.
Ms. Madina Tukulova, Senior Manager of the AIFC Islamic Finance & Business Hub receiving the “Top
50 Most Influential Women in Islamic Business and Finance Award” at the WOMANi 2019.

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