The need for effectiveness talent management practices among Islamic financial institutions in Malaysia

• Main Authors: Mustafa Kamil, Bidayatul Akmal, Che Mohd Salleh, Marhanum
• Format: Conference or Workshop Item
• Language: English
• Published: 2013
• Subjects: HG Finance
• Online Access: http://repo.uum.edu.my/10382/1/B1.pdf; http://repo.uum.edu.my/10382/; http:\\www.internationalconference.com.my
• Institution: Universiti Utara Malaysia

Talent management has become a new innovation of human resource practices. The importance of talent management practices to enhance business performance is realized recently.It has mostly been implemented in every conventional financial institutions in Malaysia. However, in Islamic financial institutions, the practice of talent management is considered rare. This research serves as a preliminary approach to clarify the needs for effective talent management practices among the Islamic financial institutions in Malaysia basically for 21 Islamic banks and 12 Takaful operators. Literatures finding show that, in order to integrate the quality of performance and to increase higher rate of profit, the Islamic financial institutions should be well prepared by having high performing talents. The implementation of talent management strategy among the Islamic financial institutions must commensurate with the burst of renowned Islamic financial products in the market.The effectiveness of talent management practices which consider of having the right human capital within the right time and workplace may ensure the sustainability of the Islamic financial institutions in the industry.