gcc’s first: hbmsu master’s program in islamic banking and finance obtains full academic accreditation from finance accreditation agency

UAE – Earning another major achievement and a first-of-its-kind in the Gulf, the Hamdan Bin Mohammed Smart University (HBMSU) was awarded full academic accreditation by international and independent quality assurance body, Finance Accreditation Agency (FAA), for its Master’s Program in Islamic Banking and Finance. The move is a major boost to HBMSU’s leadership in investing in human resources to transform Dubai into a global capital for the Islamic economy.

Prof. Moustafa Hassan, Vice Chancellor for Academic Affairs, HBMSU, said: “The full academic accreditation for the Master’s program in Islamic Banking and Finance comes as a forward step towards the path of excellence and a likely development in the preparation of a new generation armed with modern knowledge and efficiency. The move supports Dubai’s transformation into a global capital for Islamic economy, which translates the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. This new achievement puts us in front of a new responsibility to further develop our world-class academic programs and to keep it at pace with latest technological developments that meets the country’s developmental needs. Rest assured that we remain fully committed in providing a better education for future innovators in the UAE and the Arab world, based on the strong pillars of smart technology, innovation, quality and scientific research.”

HBMSU is the first academic institution in the Gulf region to earn full international accreditation for Master’s Program in Islamic Banking and Finance following a rigorous evaluation process involving FAA’s panels of leading international experts in Islamic banking and finance. The evaluation was based on the FAA’s international standards relating to accreditation of finance-related academic and learning programs. With the accreditation, HBMSU’s Dubai enter for Islamic Banking and Finance is also recognized by FAA as a Registered Training Provider.

Mr. Khairul Nizam, CEO of FAA said: “we are very proud and honoured that HBMSU and Dubai Centre for Islamic Banking and Finance have achieved the accreditation that is guided by internationally-benchmarked quality assurance processes and first-in-the-world learning standards on Islamic finance”.

The accreditation and recognition by FAA highlight the strong capability of HBMSU’s Dubai Center for Islamic Banking and Finance to develop highly qualified professionals and contribute towards the growth of Islamic finance and economy.