DUBAI, United Arab Emirates, Nov. 18, 2014 (GLOBE NEWSWIRE) -- via PRWEB - The Global Banking and Finance Review in the UK announced that Ethica Institute of Islamic Finance in Dubai wins the award for "Best Islamic Finance Training Institution MENA 2014" and "Best Islamic Online Finance Program MENA 2014." Global Banking and Finance Review is a leading financial news provider with 2 million readers from over 200 countries around the world.
Ethica's Certified Islamic Finance Executive (CIFE) program has now certified professionals in over 160 financial institutions in 64 countries. Ethica's spokesperson said, "It is an honor to receive these awards, by the grace of God. In reality, Ethica shares it with the community of professionals who place their trust in us. The world is ready for an alternative to interest-based finance and the excesses that bring us a new financial crisis every decade, and we are grateful to be recognized for the small role we play in promoting this awareness."
The Global Banking and Finance Review looks at a variety of factors, but market recognition is paramount. Shamraz Kitchilan, a banking professional from Sri Lanka summarized his thoughts on one of Ethica's initiatives and the resulting market recognition as follows: "The 700 page handbook of Islamic finance is indeed a highly praiseworthy initiative launched by Ethica. The fact that highly valuable and hard to get knowledge was compiled as an e-book and offered free to anyone interested in this topic, is a generous and selfless act. It only goes to show why Ethica is the industry leader, demonstrating true professionalism and social responsibility."
Ethica initiatives have trained tens of thousands of professionals around the world through its award-winning CIFE certification program, 7 day free course, 700 page e-book, thought leadership webinars, and partnerships across the globe. Such professionals include a diversity of individuals: an American social entrepreneur brings Islamic banking principles to alleviate poverty in Vietnam; a British wealth-advisor develops a Shariah-compliant microfinance model for schools in Palestine; a 66 year old retired professional in China writes an Islamic banking manual in Chinese; and an investment banker establishes the first Islamic bank in Tajikistan.
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