and deepen islamic financial markets and thus strengthen the overall development of the islamic financial industry. in addition, active collaboration between academic researchers and the practitioners will enable the practical application of research findings. in malaysia, an industry - owned research and training institute in islamic banking and finance, the islamic banking and finance institute malaysia ( ibfim ) has been established to spearhead greater collaborative efforts with universities to undertake research in areas that are key for the progressive development of the islamic financial industry. a highly qualified and skilled pool of talent the fast pace of innovation in global financial services in general and for the islamic financial services sector in particular, will demand a rapid and continuous infusion and upgrading of skills. developing a substantial pool of talent and expertise is indispensable for strengthening research capabilities. in this regard, there has to be a strong focus on human capital development through training and education. in today ’ s competitive environment, intellectual capital is the major factor in determining the level of innovation and competitiveness of an institution or corporation. a key challenge for islamic financial institutions is to attract a knowledge - based workforce with the skills required to enhance the potential for innovation, productivity and performance. the islamic financial services industry needs to continually promote human capital development and expertise to create a larger pool of experts and high calibre professionals. this involves attracting and retaining the existing talent, and building a robust pipeline of skilled individuals for the future. in addition, specialists in islamic finance would need to combine knowledge and understanding of the shariah with the necessary skills in finance. the provision of training and career development will have a key role in the sector. learning systems therefore need to be strengthened to meet the skills and talent requirements of the next decade. training is a joint responsibility between the industry, academia and government. in malaysia, the government plans to establish an international financial training institute on islamic finance. the ground work to establish this institute has already commenced. while this may meet some of the requirements, islamic banking institutions are also encouraged to explore the feasibility of entering into collaborative arrangements with universities and other institutions locally and abroad, to identify and provide specialized training for the financial services industry. these would include training workshops and courses in new and emerging product lines which require specialised skills and expertise. education of graduates and other personnel entering the islamic financial market is also important. undergraduate opportunities to study islamic finance or shariah, either as a speciality or a major component of a business degree, should be readily available at local and foreign universities.

long recovery, now in its 11th year, is benefiting them and their neighbors to a degree that has not been felt for many years. employers are partnering with community colleges and nonprofit organizations to offer training. and people who have struggled to stay in the workforce in the past are getting new opportunities. once again, welcome. now it is your turn to speak. we ’ re listening. 2 / 2 bis central bankers'speeches