Talent Management And Corporate Governance: The Case Of Islamic Finance
Islamic banking and finance business is regarded as one of the fastest growing segments in global financial
services. Islamic finance has become systemically important in many markets and too big to ignore in others i.e. Europe and
the Americas. While the recent financial crisis gave Islamic finance an opportunity to prove its resilience, it also highlighted
the need to address important challenges facing Islamic finance industry. One such prominent challenge highlighted in this
study is the shortage of well-versed advisors/scholars, who specialize in canon law (known as Shariah) and jurisprudence
with a background of economics and finance. Furthermore, the analysis suggests that such ambidextrous human capital is
short in supply and as a result Islamic finance industry is controlled by a handful of scholars. Such concentration within the
system may pose additional risk to the governance of Islamic finance sector which is reported to represent a US$1000 billion
industry. Lastly, the study argues for in-house talent grooming through intensive training programmes, encourages shadow
learning and long-term investments in human capital which are essential for Islamic finance to remain the highest bidders in
the war for ambidextrous talent. Such timely measures may also help Islamic finance industry to deviate from the clutches of
handful of dollar-scholars.
Keywords- Ambidextrous Human Capital, Petrodollar, Dollar Scholar, Knowledge-Arrogance.