Absence of Rigorous Educational Programs as One of the Biggest Challenges Facing the Islamic Finance Industry

Abstract

The purpose of this study was to find out what students think of the Islamic finance courses they are enrolled on and examine the factors that could influence their perception on the same. The results of the study revealed that almost all respondents agreed that the biggest challenges facing Islamic finance industry included the lack of quality teaching materials, lack of standardized curriculum, lack of coordination among Islamic finance education providers as well as the lack of highly qualified scholars.