In this respect, the guiding philosophy of the SAC has always been to formulate a collective ijtihad or Shariah rulings that are comprehensive, inclusive and pragmatic, without sacrificing the sacred objectives of Shariah. 2  BIS central bankers’ speeches  I very much believe in the importance of embracing diversity in Shariah interpretations within the academic community. Students who are exposed to the teachings of all schools of thought from the very beginning would get to appreciate the intellectual differences and value the flexibility arising from differing opinions. This provides an opportunity to open and sharpen their minds and widen their thinking by exploring issues from multidimensional perspectives. Through this way, the talent that we nurture and produce would not only be equipped with Shariah know-hows, but also with intellectual courage that can articulate contemporary Shariah issues in the context of domestic customs and business environment. I would like to expand my thoughts on the two additional areas that, if pursued could further enhance stakeholder gains from the Educator’s Manual: •  First, is the reconfiguration of academic programmes to nurture talent with enhanced employability; and  •  Second, strategising talent deployment to reduce time to competency. Reconfiguration of academic programmes Continuous enhancements of curriculums in universities are critical to increase the employability factor of our students. These include reconfiguration of the academic programmes at universities and enhancements to the learning tools and methods of teaching.
Managing their liabilities in such a way as to ensure that these vital services continue to be provided, and citizens view that they are getting appropriate value in exchange for their taxes is a daunting challenge. I am happy to see such a distinguished group assembled here at the Bank to address this challenge. Good luck in your work and I look forward to learning of the results of today’s discussions. BIS central bankers’ speeches  3