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09 Jul | Tuesday
Islamic Finance in Critical Need of Talent

While staff-pinching is the blight for any employer in any industry, the lack of experienced staff and the recent explosive demand for Shariah-compliant products makes the practice especially hard on the Islamic finance industry.

Islamic finance has been making inroads into mainstream finance and as a result, a huge demand has been created for experts in the field.

The global phenomenon is that an estimated one million professionals are required to fill various positions in the Islamic finance institutions worldwide by 2020.

There is a shortage of talent in the institution and this has encouraged poaching as the “poachers” are willing to pay premium wages and therefore the rivals are caught in a game of “catch up” to fill the talent scarcity.

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