Malaysia’s Security Commission (SC) and the UAE’s Securities and Commodities Authority (SCA) have signed a memorandum of understanding for a strategic partnership in capacity building.
The institutions, which are key regulators of Islamic capital markets, said the association is to allow “for collaborative initiatives in human capital development.”
The key emphasis will be on the development of capital market and financial services industry professionals in both Malaysia and the UAE.
This will likely enable greater mobility of talent between the two markets, as well as collaboration in research and regional thought leadership events to jointly promote the capital markets.
The SC’s talent development centre, Securities Industry Development Corporation, will drive the collaboration with the UAE partner.
“The signing of the agreement is within efforts to develop the level of skills and knowledge of persons and workers in those markets, in a way that would contribute to sustainable uplifting of the level of financial services in our markets,” said H.E. Abdullah, the CEO of SCA.