CIIF 3 rd ANNUAL GENERAL MEETING 25 JUNE 2019, GRAND HYATT HOTEL, - - PowerPoint PPT Presentation
CIIF 3 rd ANNUAL GENERAL MEETING 25 JUNE 2019, GRAND HYATT HOTEL, KUALA LUMPUR Presented by Dr Azura Othman Chief Executive Officer 1 Key Highlights of 2018 2 Events & Professional Programmes Agenda A Glimpse of 2019/20 3 4 A Peek
25 JUNE 2019, GRAND HYATT HOTEL, KUALA LUMPUR
Presented by Dr Azura Othman Chief Executive Officer
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CPIF pilot programme and admission of 2 cohorts of The Islamic Banker (TIB) candidates (56 in total) as the first batches
candidates
CIIF-Bank Rakyat TIB collaboration
Issuance of Standards and Guidelines and effective date January 2019
Continuing Professional Development (CPD) Standard
RM3mil for CPIF development
STF-I Funding
Full speed development of CPIF
CPIF
98 CEOs and C- suites from all Islamic banks and Takaful companies
and first 11 Fellow Members
Chartered Fellowship Masterclass (CFM)
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2018 2019 2020 2021
✓ Institutionalisation of CIIF’s qualifications ➢ Joint declarations with IFI ✓ Review of CIIF Standards and Professional Programmes ⏳ Relocation to AICB Building ⏳ CIIF Competency Development Framework ⏳ International chapters ✯ Official launch of CPIF ✯ CPD roll out ✯ International collaborations ✎ International conferences and forums ✎ CIIF Competency Development Framework fully implemented ✎ International chapters in major IF centres ✎ Global network of members ⏳ Institutionalisation of CIIF’s qualification in international institutions ✯ First graduates of CPIF ✯ Issuance of two new standards ✓ First intake for CIIF Professional Programme ➢ Collaboration: Bank Rakyat The Islamic Banker Programme ✓ Conferment of first cohort of Fellow Members ➢ Chartered & Fellowship Masterclass (CFM) ⏳ First international chapter and country chapter ⏳ Issuance of Concept Paper
Professionalisation Blueprint ⏳ CIIF’s 1st Professional Symposium ⏳ CIIF’s 1st Nexus Forum` ✯ More international chapters ✯ Major international roadshows ✯ CPIF going global ✯ Internship and externship programmes
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▪ Completion of charter by-laws in preparation for establishment of overseas chapters ▪ CIIF international membership to date is 17% of total membership ▪ Issuance
CIIF Professional Philosophical document ▪ Issuance
CPD Standards and Guidelines INITIATIVES, EVENTS & ACTIVITIES ▪ Industry review of CPIF ▪ CPIF pilot programme with Bank Rakyat The Islamic Banker Programme FLAGSHIP PROGRAMME ▪ Chartered Professional in Islamic Finance (CPIF) ▪ Chartered and Fellowship Masterclass (CFM) ▪ Completion delivery of 7 cohorts ▪ 11 Fellow Chartered Member ▪ 83 Chartered Members ▪ Signed joint declaration with Islamic banks, Takaful
and full fledged Islamic Development Financial Institutions. ▪ MOU discussions with Jabatan Pendidikan Politeknik & Kolej Komuniti, UNITAR and Universiti Malaysia Kelantan (UMK).
PROFESSIONAL DEVELOPMENT Developing technical and non- technical skills INDUSTRY RECOGNITION Industry adoption of CIIF professional qualification GLOBAL OUTREACH Establish global inter-linkages and collaboration
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North America 0.1% Europe & Central Asia 1.2% Middle East & Africa 8.9% East Asia & Pacific 3.1% South Asia 3.3%
Malaysia 83.4%
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149 Other region 941 Malaysian
Sub-Saharan Africa
Middle East & North Africa
South Asia
East Asia & Pacific
Europe & Central Asia
North America
Somaliland
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Malaysia
Student Member Junior Associate Member
Chartered Member Senior Associate Member
As at 31st December 2018
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(upon incorporation)
10 20 30 40 50 60 70 80 90 100
Student Member
10 20 30 40 50 60 70 80 90 100 10 20 30 40 50 60 70 80 90 100 10 20 30 40 50 60 70 80 90 100
Junior Associate Member Senior Associate Member Chartered Member Legend: Percentage of Members By Category 10
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11 523 162 151 377
Fellow Member Ordinary Member - Member Associate Member - Senior Associate Associate Member - Junior Associate Student Member - N/A
Members By Category Total:
members As at 31st May 2019
464 145 117 402 Total:
members As at 31st December 2018 11
101,705 805,050
2,421,054
116,173
1,961,970
MEMBERSHIP REVENUE
Membership fee income grew by 115% mainly through enrolment of TIB and CFM participants
PROGRAMME REVENUE
The income from CPIF is minimal as it is still under a pilot
income generator is from the CFM
EXPENDITURE
Expenses were mainly from
development of CPIF.
FIXED ASSETS
No addition during the year as CIIF embarked on leasing of office equipments
PROFIT BEFORE TAX
Included in profit is unutilized fund from STF-I for development of CPIF
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Revenue RM
Quarter 1 185,320 Quarter 2
4,755 Quarter 4
Membership Fees CPIF Programme Fees
Revenue RM
Quarter 1 132,000 Quarter 2
153,800 Quarter 4 96,000
Total : 381,800
Revenue RM
Quarter 1
423,250 Quarter 4
Details Amount (RM)
Gain form foreign exchange 26 Hibah 3,650 Profit from term deposit 35,136
Total : 38,812 CFM Fees Others
Related Expenses RM
Pilot training delivery 367,200
Total : 371,778
Related Expenses RM
CFM Expenses 185,467
Total : 185,467
Related Expenses RM
Membership pack, Risalah 28,709
Total : 54,187
Surplus RM
Total : 10,022
Surplus RM
Total : 237,783
Surplus RM
Total : 135,888
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5/5
4/5
5/5
4/5
2/5
5/5
5/5
3/5
2/5
GRAND COUNCIL MEETINGS Attended * Absent with proper notification
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MEMBERS
EXECUTIVE COMMITTEE MEETINGS MEMBERS
ADMISSION AND MEMBERSHIP COMMITTEE MEETINGS
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YBHG. DATO’ HAJI SYED MOHEEB DATO’ SYED KAMARULZAMAN
HAJI JASANI ABDULLAH
PROFESSIONAL EDUCATION & ASSESSMENT COMMITTEE MEETINGS MEMBERS
STANDARDS DEVELOPMENT AND REVIEW COMMITTEE MEETINGS MEMBERS
PROF DR SYED ABDUL HAMID AL JUNID
NOMINATION COMMITTEE MEETINGS * Co-opted Learning Design expert
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▪ Commencing development July 2019 ▪ 3 modules ▪ Specialised subjects ▪ No exemptions ▪ 60% completed ▪ 4 modules ▪ Specialisation track – Banking and Takaful ▪ Exemptions possible on a case by case basis ▪ Completed ▪ 4 modules ▪ General track – banking and takaful ▪ Exemptions possible ▪ Completed ▪ 4 modules ▪ General track with specialization in Takaful/Banking Products module ▪ Exemptions possible except Professionalism and Ethics module
Enrolment Sept 2019 Exam Jan 2020 Enrolment Jan 2020 Exam June 2020 Enrolment Jan 2020 Exam June 2020 Enrolment July 2020 Exam Dec 2020 21
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CPIF Pilot Programme in conjunction with The Islamic Banker (TIB) CPIF Industry Review: 16 April 2018
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7 Cohorts: 2 cohorts in 2018 and 5 in 2019 Last cohort in April 2019 Conferment in July 2019 Total participants: 98 pax from IBs and TOs CFM Topics: CIIF Ethical Framework and Professional Standards Financial Stability and Complexity Theory Contemporary Issues within Islamic Finance Adopting Technology to Navigate the Shariah Advancing Islamic Finance (Masterclass Brainstorm) 2-day interactive session facilitated by:
facilitator from Cohort 3 onwards
CIIF’s Immediate Response to Support Joint Declaration 23
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Jan Nov Oct Feb Mar Apr May Jun
Jul
Aug Sep Dec
implemented
Classrooms for TIB 1 & 2
exams for TIB 1 & 2
Annual General Meeting
Modules
& Fellowship Masterclass (CFM)
TIB 1 & 2
Chartered level module development
Intermediate)
Chartered)
Version 1)
Jul
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CPIF Pilot programme with Bank Rakyat trainees
Cohorts 3 to 6 of CFM
January - March
(final cohort)
General Meeting
April - June
for CFM
CPIF Foundation modules
Accreditation
July - September
Standards on Accreditation of Training Providers & Trainers
modules
October - December
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June July August September October November December Dinner & Conferment Food for Talk Ethics & Leadership Members’ Event Industry Engagement Event Industry Lecture
Finance MONTH EVENT
Dinner - Official Launch of CPIF & Conferment CFM Mentor -mentee Programme Ethics 2-days event Banks and Takaful HR representatives AGM & Raya Open House CFM Networking The Tarik Session 1 Recreational Activity The Tarik Session 2 Sports Activity Transformation
Heart & Soul of Takaful Professionalism in Islamic Finance Leadership UUM, Sintok, Kedah
CPIF Industry Review (Full Programme)
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➢ Quality and content updates ➢ Learning experience ➢ Industry adoption
➢ Enhance value proposition ➢ Career advancement
➢ Fraternity of professionals
➢ Go to market ➢ Stabilising the base ➢ Focus on return on investment
➢ International chapters ➢ Global mobility
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finance jurisdictions and expand membership footprints.
management frameworks.
members in the local scene
professional bodies to enhance CIIF’s capacity and shorten institutional learning curve.
for collaborative programmes.
experience.
expand CIIF’s knowledge repository
professional institutions on joint certifications, CPD, and other relevant programmes and activities.
jurisdictions and markets
international bodies to boost the CIIF’s credibility as a professional body and acceptance of CPIF globally.
such as PARN* & GBEStB*.
management frameworks
*PARN: Professional Associations Research Network *GBEStB: Global Banking Education Standards Board
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RM1.2mil Deficit RM270k Surplus RM273k Surplus
Without additional funding CIIF is going to experience
for funding through STF-I grant
Another deficit year without additional funding due to the need to relocate and capital investment for e-learning
With the completion CPIF, revenue will start to be generated
Continued modest revenue generation
RM2.3 mil Deficit
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› Join our programmes – speaker, roadshows › Be a volunteer for CIIF initiatives › Share your expertise with other members › Mentor a member
Time Cost
› Pay yearly fees and dues › Support our members’ events and forums › Corporate and personal contributions (Eligible for tax exemption)
Resources
› Be part of the Grand Council and committees › Contribute articles and training content › Provide ideas and feedbacks
Environmental
› Support paperless communication method
CPD
› Be diligent › Give your time and resources, and earn CPD points along the way
Communication
› Be CIIF’s spokesperson and ambassadors › Tell others about us › Invite others to join
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