The Third Islamic Finance Leadership Programme, to be held at Clare College, University of Cambridge – Cambridge Islamic Finance Leadership Programme (Cambridge-IFLP) – will help to prepare the next generation of outstanding leaders in Islamic banking & finance by providing them with unique mentoring opportunities, rigorous leadership training from renowned leaders, and industry-specific perspectives through case studies specifically written for this programme.
Those selected for the Cambridge-IFLP will be eligible to receive Cambridge IFA Certificate in Islamic Finance Leadership.
Subsequently, we shall also develop Cambridge Islamic Finance Fellowships (CIFF) to offer an opportunity to the selected candidates to work at the participating Islamic banks and financial institutions (and other such organisations) for a duration of 3-6 months.
The Fellowships are open to young Islamic banking & finance professionals and mid-career executives up to the age of forty, or forty five for women with children.
There are no restrictions on the nationalities of the candidates but preference will be given to those coming from the OIC countries.
The Cambridge-IFLP aims at bringing 35-50 men and women in Islamic banking & finance, on middle and upper middle management positions, to the prestigious University of Cambridge for a period of 5 days, with a view to offer them an opportunity to become members of the most prestigious mentoring programme in Islamic banking & finance.
The 5-day extensive leadership training will be given by well-established leadership and management gurus from around the world.
The social networking event at the University of Cambridge will benefit from the presence of a number of mentors – well-established leaders of the global Islamic financial services industry.
Five most outstanding attendees of the Cambridge event will be chosen for Cambridge Islamic Finance Awards.
The objective of these workshops (3 in total) is to offer the delegates an opportunity to assess their leadership skills with the help of Workshop Leaders and other delegates in an interactive peer-review process. We have developed a Self Assessment Leadership Toolkit (SALT TM), which will be provided to all the delegates prior to their arrival at Cambridge. The SALT TM aims at identifying strengths and weaknesses with respect to leadership.
These workshops, along with interactive social activities during the Cambridge-IFLP and Leadership Activities, will allow the delegates to seek mentorships and develop relationships with the leaders in the Islamic financial services industry.
The closing workshop aims to highlight the specific benefits of Cambridge-IFLP, and how the delegates should benefit, ex post.
There are 3 cases written by experts, to be included in the Cambridge-IFLP programme.
One case is on the transformation of an Islamic bank from an at-risk organisation to a leading player in an Islamic banking market. This case will focus on the leadership role of top management in the transformation process.
The second case is about conversion of a conventional bank into an Islamic bank, specializing in a niche market.
Again, the focus is on the role of leadership in the conversion process. This will in particular be helpful for those delegates who work for conventional financial institutions with engagement in Islamic banking and finance.
The third case is on a leading personality in Islamic banking and finance, who faced a crisis in their career. The case attempts to highlight weaknesses and strengths of decision-making during a crisis.
Leadership can best be understood by studying and closely observing the leaders. Cambridge-IFLP aims to invite 5 leading personalities in the global Islamic financial services industry to share their perspectives on leadership. The delegates will be able to interact with these leaders formally and informally, and ask questions during 5 formal interview sessions.
The aim of Leadership Activities is to identify leadership skills and traits in a fun way. This will also help the delegates to appreciate importance of a number of basic and usually ignored and under-rated skills, notably problem solving, emotions management and cognitive intellegence.
Leadership Talks covers a wide range of topics and perespectives, including structuring and product development, human resource development, leadership roles of Shari’a scholars and law firms, and leadership perespectives from experts from outside the Islamic financial services industry.
There will be numerous social activities, allowing the delegates to interact with each other and with mentors to benefit from them in relaxed, yet productive, environment of the University of Cambridge. These include a Garden Party, Punting, and a Leadership Walk, among many others.