SIDC trains 400 graduates for Islamic Capital Market programme

KUCHING: The Securities Industry Development Corporation (SIDC), the training arm of Malaysia’s capital market regulator, Securities Commission Malaysia (SC) has achieved the milestone of producing 400 entry-level professionals for the high-growth Islamic capital market (ICM) sector with the graduation of 38 Islamic Capital Market Graduate Training Scheme (ICMGTS) participants from the programme’s tenth intake in Kuala Lumpur recently.

The ICMGTS is a bi-annual SC training programme conducted by SIDC to develop young talent for careers in the ICM.

The eight-week programme aims to provide participants with a technical understanding of the ICM and work-relevant soft skills.

The SC in a press statement yesterday pointed out that the programme is endorsed by an industry task force consisting of the SC, Bursa Malaysia, the Federation of Investment Managers Malaysia (FIMM), Association of Stockbroking Companies Malaysia (ASCM), Malaysian Investment Banking Association (MIBA) and Malaysian Association of Asset Managers (MAAM).

SIDC chief executive officer (CEO) Azman Hisham Che Doi, who presented the awards at the graduation ceremony to recognise the best performers, said, “ICMGTS is one of SIDC’s many successful talent development programmes to support the growth of the Malaysian capital market industry.

“To date, approximately 85 per cent of the ICMGTS alumni have been accepted as part of the industry’s workforce, indicating the relevance and importance of the programme.

“With the graduation of the tenth intake, SIDC has reached the milestone of producing 400 work-ready talents to serve the ICM,” Azman said.

“SIDC programmes aim to enhance the competencies of market professionals, who play an important role in promoting competitiveness in the Malaysian capital market as well as creating investor confidence.

“Recognising this, SIDC works closely with all stakeholders including the regulator, exchanges, intermediaries, industry players and investors to provide value proposition in the programmes we offer,” Azman noted.

Meanwhile, the SC said applications are now open for the eleventh ICMGTS intake commencing August 2014.

The SC outlined that all Malaysians aged 30 years and below with a recognised second class upper degree or equivalent in related disciplines are eligible to apply.

The capital market regulator said successful candidates will receive a monthly allowance of RM2,000 during the training period.

The SC added the programme also offers participants the opportunity to be interviewed by potential employers as well as sit for the SC’s licensing examinations to qualify as licensed intermediaries.

The SC noted that detailed application information is available at SIDC’s website at www.sidc.com.my.

By Borneo Post Published: May 29,2014