IBC Gulf Conferences will host the Africa Islamic Finance Conference, an action to altercate the advance of Islamic Finance in Africa and apprentice added about Africa as a abeyant investment destination. The accident is appointed to be captivated on 30-31 October 2007 at Park Hyatt, Johannesburg, South Africa.
The accident will be hosted in affiliation with Michael Gassner Consultancy Ltd. beneath the abutment of the Emirates Investment Services. The top akin acquisition is accepting organized with the abutment of the National Awqaf Foundation of South Africa (Awqaf SA).
Africa Islamic Finance Conference includes some of the a lot of eminent professionals from above the globe, who will allotment their thoughts and adventures on Africa as a articulation for Islamic Finance.
The appointment will primarily focus on capacity like Building and Pioneering an Islamic Bank, Investing in Endowed Assets, Islamic Asset Management, Poverty Alleviation and the Role of Islamic Banks, Venture Capital & Private Equity in Africa, Takaful & Retakaful, Pioneering Ethical Asset Management based on Islamic Finance principles, A pan African archetype for Global Islamic investors, Fiqhi issues apropos investment in shares, Islamic Microfinance and an Interactive academic affair on Understanding sharia issues in the African context.
The appointment will run for over 2 canicule with a pre-conference branch on Principles and Applications of Islamic Finance led by Michael Saleh Gassner.
For added advice about the appointment programme and accident updates, amuse appointment our website www.ibcgulfconferences.com or alarm Rudinov Vincent, Conference Producer on +971 4 336 9992 , Mobile: +97150 – 1410899,
Fax: +971 4 336 0116
IBC Gulf Conferences is the Pan Middle Eastern analysis of Informa Plc. amid in Dubai, United Arab Emirates. Informa Plc. is an all-embracing operation with over 42 bounded centres worldwide. Informa Plc. as a accessible aggregation is advised to be a apple baton in the accouterment of Business and Management education.
Since aperture the Dubai appointment in 1994, we accept organised an all-encompassing amount of business conferences and training courses aural the Middle East accoutrement a absolute ambit of administration and abstruse topics.
At the affection of all our enterprises is a absolute charge to quality. In an added circuitous business environment, we are always analytic to advance and enhance our articles and to access bazaar share. We pride ourselves on bartering accurate market-led intelligence giving our chump the a lot of admired account of all - the befalling to accomplish abreast decisions.
2009年12月16日星期三
MEGA Events - Bahrain to host the 14th Annual World Islamic Banking Conference 2007
The advance of Islamic banking, which year-on-year outstrips accepted banking, is set to abide at a baking clip into 2008 as above new Islamic banking institutions are launched, accustomed players aggrandize their geographic footprint, and the accepted banks added acuminate their Islamic artefact offerings. These new advance areas will appear beneath the atom ablaze at the 14th Annual World Islamic Banking Conference (WIBC) which will be captivated at the Gulf International Convention Centre, Kingdom of Bahrain from 8 to 10 December 2007.
Developments in Islamic accounts are consistent in above advances in artefact array as an added aggressive bazaar is dispatch addition and the composure of Islamic accounts offerings accessible today. In addition, the industry is now adventurous a absolute globalisation aisle apprenticed by adventurous strategies from the bazaar leaders to bigger position the industry to abduction the abeyant in the acceptable Islamic markets of the Middle East and SE Asia as able-bodied as to analyze the accretion absorption and opportunities in non-Islamic geographies.
This year WIBC will barrage the Country Focus Session, featuring a console of all-embracing experts apery new advance markets for Islamic banking casework in the UK, Europe, South Africa, Asia and North America. In addition, the UK Pavilion will be hosted by UK Trade and Investment (UKTI), which will actualize a activating ambiance with opportunities to arrangement with a activating appointment of leaders who are abstraction the UK’s approaching as a above centre of Islamic finance. With 1,000 assembly from over 35 countries accessory anniversary year, WIBC has become the a lot of cogent belvedere for chief decision-makers to analyze new and arising bazaar opportunities for Islamic finance.
Mirroring the advance in the Islamic cyberbanking industry, WIBC 2007 appearance a almanac amount of ally and supporters, including National Commercial Bank, Unicorn Investment Bank, Al Salam Bank, Samba Financial Group, and Investment Dar as the Platinum Strategic Partners.
Abdulkareem Abu AlNasr, Chief Executive Officer of National Commercial Bank (NCB), said: “the World Islamic Banking Conference provides a admired befalling for specialists in the Islamic cyberbanking industry to barter account and perspectives apropos the latest cyberbanking initiatives apropos corporations and individuals.”
Supported by the Central Bank of Bahrain, WIBC 2007 aswell appearance a host of new and value-added highlights that set it afar from all added conferences. These cover the Leaders & Winning Strategies Session area all-embracing and bounded business leaders abode cross-industry perspectives; the aboriginal analysis insights of the WIBC Competitiveness Report conducted in accord with McKinsey & Company; the Shari’ah Open Forum; and the Sector Summits absorption on the Retail, and the Corporate & Investment Banking segments.
David Pace, Chief Financial Officer, Unicorn Investment Bank, said: “Unicorn is admiring to accomplice with the WIBC for the third after year. We acquisition WIBC to be a allotment of the a lot of important anniversary contest on the Islamic cyberbanking calendar. It provides an ideal befalling for the world’s Islamic bankers to accumulate and to altercate key issues and blueprint the approaching administration of the industry.”
The 14th Annual World Islamic Banking Conference which is accepting captivated beneath the affair of 'Combatting Competition & Capturing New International Growth Markets,' has durably accustomed itself as the better and a lot of cogent acquisition of Islamic cyberbanking & accounts industry leaders in the world.
More advice on the World Islamic Banking Conference is accessible on the appointment website www.megaevents.net/wibc
-ENDS-
MEGA is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For added advice amuse acquaintance Adil Jaouhari at Matrix Public Relations - adil.j@matrixdubai.com OR Annie Chinoy at MEGA Events - annie@megaevents.net
Developments in Islamic accounts are consistent in above advances in artefact array as an added aggressive bazaar is dispatch addition and the composure of Islamic accounts offerings accessible today. In addition, the industry is now adventurous a absolute globalisation aisle apprenticed by adventurous strategies from the bazaar leaders to bigger position the industry to abduction the abeyant in the acceptable Islamic markets of the Middle East and SE Asia as able-bodied as to analyze the accretion absorption and opportunities in non-Islamic geographies.
This year WIBC will barrage the Country Focus Session, featuring a console of all-embracing experts apery new advance markets for Islamic banking casework in the UK, Europe, South Africa, Asia and North America. In addition, the UK Pavilion will be hosted by UK Trade and Investment (UKTI), which will actualize a activating ambiance with opportunities to arrangement with a activating appointment of leaders who are abstraction the UK’s approaching as a above centre of Islamic finance. With 1,000 assembly from over 35 countries accessory anniversary year, WIBC has become the a lot of cogent belvedere for chief decision-makers to analyze new and arising bazaar opportunities for Islamic finance.
Mirroring the advance in the Islamic cyberbanking industry, WIBC 2007 appearance a almanac amount of ally and supporters, including National Commercial Bank, Unicorn Investment Bank, Al Salam Bank, Samba Financial Group, and Investment Dar as the Platinum Strategic Partners.
Abdulkareem Abu AlNasr, Chief Executive Officer of National Commercial Bank (NCB), said: “the World Islamic Banking Conference provides a admired befalling for specialists in the Islamic cyberbanking industry to barter account and perspectives apropos the latest cyberbanking initiatives apropos corporations and individuals.”
Supported by the Central Bank of Bahrain, WIBC 2007 aswell appearance a host of new and value-added highlights that set it afar from all added conferences. These cover the Leaders & Winning Strategies Session area all-embracing and bounded business leaders abode cross-industry perspectives; the aboriginal analysis insights of the WIBC Competitiveness Report conducted in accord with McKinsey & Company; the Shari’ah Open Forum; and the Sector Summits absorption on the Retail, and the Corporate & Investment Banking segments.
David Pace, Chief Financial Officer, Unicorn Investment Bank, said: “Unicorn is admiring to accomplice with the WIBC for the third after year. We acquisition WIBC to be a allotment of the a lot of important anniversary contest on the Islamic cyberbanking calendar. It provides an ideal befalling for the world’s Islamic bankers to accumulate and to altercate key issues and blueprint the approaching administration of the industry.”
The 14th Annual World Islamic Banking Conference which is accepting captivated beneath the affair of 'Combatting Competition & Capturing New International Growth Markets,' has durably accustomed itself as the better and a lot of cogent acquisition of Islamic cyberbanking & accounts industry leaders in the world.
More advice on the World Islamic Banking Conference is accessible on the appointment website www.megaevents.net/wibc
-ENDS-
MEGA is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For added advice amuse acquaintance Adil Jaouhari at Matrix Public Relations - adil.j@matrixdubai.com OR Annie Chinoy at MEGA Events - annie@megaevents.net
Mega Events - Larger Transaction Sizes and Higher Ratios of Islamic Tranches Predicted in Project Finance Market
Recognising development and addition in the Islamic Finance industry, the accessible 2nd Annual World Islamic Infrastructure Finance Conference (WIIFC) appearance the International Industry Award, presented in affiliation with KPMG to advance arete in the all-around Islamic activity accounts environment. The WIIFC is appointed to be captivated on the 4th and 5th of November 2007 at the Four Seasons Hotel in Doha, Qatar with the accolade to be presented at the WIIFC Gala Dinner, hosted by Bahrain’s Borouj Capital on the aperture day.
The bazaar for Islamic accounts as a key antecedent of costs all-embracing projects is now advancing of age. Complex deals are added featuring an Islamic accounts component, which is added dispatch addition as institutions advance the next bearing of Islamic accounts solutions to cope with the huge bang in absolute estate, LNG, activity and basement developments. With Islamic banks now accepting acquired above acquaintance in added circuitous affairs and accepted institutions added cutting their own capabilities, the bazaar is now set to aggrandize to see even beyond transaction sizes in the year ahead.
2006 was a watershed year for Islamic activity finance, with some 12.65% of bounded activity accounts accepting Islamically-structured - about bifold the 6.58% of 2005. Furthermore, some ample deals included the arrangement of the Islamic basic at over 40% of the absolute aggregate raised. Industry experts are now admiration that the approaching abeyant of Sukuk as a approach of accounts and Islamic clandestine disinterestedness funds assuming an appetence for basement investments will accommodate the catalyst for the next beachcomber of advance – and aswell allure non-bank investors. In addition, added and added accumulated end-users are analytic to the Islamic banking markets as a antecedent of capital, and these armament will actualize the bazaar altitude for added record-breaking years in 2007 and beyond.
WIIFC 2007 will aswell affection a affair absorption on the capital affair of the conference, Innovation in Islamic Project Finance. This affair will abode the accretion composure of Islamically-structured transactions, what will the next bearing of Islamic banking solutions attending like and appraise to what admeasurement Islamic banking institutions are accessible for the challenges of added circuitous transactions.
The appointment has admiring cogent players in the Islamic accounts bazaar as ally and sponsors, including QNB Al Islamic, Borouj Capital, Barclays Capital, Masraf Al Rayan, Ernst & Young, Investment House, Al Safa Islamic Bank, Doha Islamic Bank, Calyon Corporate & Investment Bank, Fitch Ratings, Doha Bank, International Centre for Education in Islamic Finance (INCEIF), Calyx Financial, KPMG, DLA Piper, and Qatar Airways.
More than 250 chief decision-makers apery market-leading banking institutions and developers are accepted to appear WIIFC 2007 to map out the approaching mural for mega-deals and analyze the next bearing of Islamic costs solutions.
More advice on the World Islamic Infrastructure Finance Conference is accessible on the official appointment website www.megaevents.net/wiifc
-Ends-
For added information, amuse contact:
Annie Chinoy
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: annie@megaevents.net
About MEGA:
MEGA is the bazaar arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
The bazaar for Islamic accounts as a key antecedent of costs all-embracing projects is now advancing of age. Complex deals are added featuring an Islamic accounts component, which is added dispatch addition as institutions advance the next bearing of Islamic accounts solutions to cope with the huge bang in absolute estate, LNG, activity and basement developments. With Islamic banks now accepting acquired above acquaintance in added circuitous affairs and accepted institutions added cutting their own capabilities, the bazaar is now set to aggrandize to see even beyond transaction sizes in the year ahead.
2006 was a watershed year for Islamic activity finance, with some 12.65% of bounded activity accounts accepting Islamically-structured - about bifold the 6.58% of 2005. Furthermore, some ample deals included the arrangement of the Islamic basic at over 40% of the absolute aggregate raised. Industry experts are now admiration that the approaching abeyant of Sukuk as a approach of accounts and Islamic clandestine disinterestedness funds assuming an appetence for basement investments will accommodate the catalyst for the next beachcomber of advance – and aswell allure non-bank investors. In addition, added and added accumulated end-users are analytic to the Islamic banking markets as a antecedent of capital, and these armament will actualize the bazaar altitude for added record-breaking years in 2007 and beyond.
WIIFC 2007 will aswell affection a affair absorption on the capital affair of the conference, Innovation in Islamic Project Finance. This affair will abode the accretion composure of Islamically-structured transactions, what will the next bearing of Islamic banking solutions attending like and appraise to what admeasurement Islamic banking institutions are accessible for the challenges of added circuitous transactions.
The appointment has admiring cogent players in the Islamic accounts bazaar as ally and sponsors, including QNB Al Islamic, Borouj Capital, Barclays Capital, Masraf Al Rayan, Ernst & Young, Investment House, Al Safa Islamic Bank, Doha Islamic Bank, Calyon Corporate & Investment Bank, Fitch Ratings, Doha Bank, International Centre for Education in Islamic Finance (INCEIF), Calyx Financial, KPMG, DLA Piper, and Qatar Airways.
More than 250 chief decision-makers apery market-leading banking institutions and developers are accepted to appear WIIFC 2007 to map out the approaching mural for mega-deals and analyze the next bearing of Islamic costs solutions.
More advice on the World Islamic Infrastructure Finance Conference is accessible on the official appointment website www.megaevents.net/wiifc
-Ends-
For added information, amuse contact:
Annie Chinoy
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: annie@megaevents.net
About MEGA:
MEGA is the bazaar arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
Mega Events - ISLAMIC FINANCE INDUSTRY ON MAJOR GLOBALISATION DRIVE
Representative of the accretion UK Islamic Finance industry, UK Trade & Investment (UKTI) has appear the barrage of the UK Pavilion at the 14th Annual World Islamic Banking Conference (WIBC). The WIBC, appointed to be captivated at the Gulf International Convention Centre, Kingdom of Bahrain on 8th to 10th December 2007, is the better and a lot of cogent acquisition of Islamic cyberbanking & accounts industry leaders in the world.
As allotment of its World Comes to WIBC banner, the appointment has aswell appear the countdown Country Focus Roundtable, a console altercation architecture and allegory the beginning all-embracing brand of Islamic Finance and featuring experts from UK, Europe, South Africa, Asia and North America. While advance continues to billow for Islamic Finance in the acceptable geographic markets; countries in Europe, North America and Asia accept aswell created enabling authoritative environments that accept set the industry on a above globalization drive. Chief a allotment of these is the UK, which has 5 GCC-sponsored Sharia’ah adjustable cyberbanking authorizations in the pipeline.
The UK Pavilion at WIBC, clearly sponsored by UKTI alternating with the London Stock Exchange (LSE) and a ambit of accustomed above institutional supporters, will affection a activating appointment of decision-makers apery key banks and institutions based in the UK, including the LSE. Nearly 40 companies based in the Middle East accept aloft basic on the LSE, which is aswell home to a amount of Sukuk, collectively admired at £3.5bn. The LSE has played a above role in the development of Islamic Finance in the UK and aims to allure added Sharia’ah adjustable accounts to the UK markets.
Along with the UKTI, LSE and the added UK-based banking institutions, the Kuwait-based absolute acreage investment advising house, Global Securities House (GSH UK) will aswell be showcasing their casework during the conference. With above initiatives already underway to authorize London as a key European centre for Islamic finance, the UK Pavilion at WIBC 2007 has been planned as a activating and alternate amplitude to accommodated with those leaders who are currently accomplishment the UK’s role in Islamic banking
As Richard Thomas, Managing Director of GSH highlights:
“GSH (UK) is one of a amount of GCC-sponsored Shari’ah-compliant banking casework companies accretion in the City of London, afterward contempo authoritative and aldermanic developments in the UK. The UK Pavilion at WIBC is a abundant befalling for arch UK based companies to advertise the opportunities for accord and explain the implications of the development of Islamic accounts in the world’s No 1 banking centre. Groups like GSH (UK)’s parent, GSH and the Securities House of Kuwait, accept had the eyes to capitalise on the UK’s activity to accommodate a akin arena acreage for Shari’ah-compliant entering investment into UK’s adapted banking services. The UK already has 5 GCC sponsored Shari’ah-compliant cyberbanking authorisations either accepted or in process. We are appreciative of the befalling to advertise the developments in London that account the Islamic Financial Services industry worldwide.”
In addition, WIBC 2007 will aswell highlight key developments in added activating markets for Islamic finance, including South Africa, Malaysia and North America. Now in its 14th year, the WIBC is alluring 1,000 assembly apery over 35 countries anniversary year.
More advice on the World Islamic Banking Conference is accessible on the appointment website www.megaevents.net/wibc
-ENDS-
For added information, amuse contact:
Annie Chinoy
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: annie@megaevents.net
About MEGA Events:
MEGA is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
As allotment of its World Comes to WIBC banner, the appointment has aswell appear the countdown Country Focus Roundtable, a console altercation architecture and allegory the beginning all-embracing brand of Islamic Finance and featuring experts from UK, Europe, South Africa, Asia and North America. While advance continues to billow for Islamic Finance in the acceptable geographic markets; countries in Europe, North America and Asia accept aswell created enabling authoritative environments that accept set the industry on a above globalization drive. Chief a allotment of these is the UK, which has 5 GCC-sponsored Sharia’ah adjustable cyberbanking authorizations in the pipeline.
The UK Pavilion at WIBC, clearly sponsored by UKTI alternating with the London Stock Exchange (LSE) and a ambit of accustomed above institutional supporters, will affection a activating appointment of decision-makers apery key banks and institutions based in the UK, including the LSE. Nearly 40 companies based in the Middle East accept aloft basic on the LSE, which is aswell home to a amount of Sukuk, collectively admired at £3.5bn. The LSE has played a above role in the development of Islamic Finance in the UK and aims to allure added Sharia’ah adjustable accounts to the UK markets.
Along with the UKTI, LSE and the added UK-based banking institutions, the Kuwait-based absolute acreage investment advising house, Global Securities House (GSH UK) will aswell be showcasing their casework during the conference. With above initiatives already underway to authorize London as a key European centre for Islamic finance, the UK Pavilion at WIBC 2007 has been planned as a activating and alternate amplitude to accommodated with those leaders who are currently accomplishment the UK’s role in Islamic banking
As Richard Thomas, Managing Director of GSH highlights:
“GSH (UK) is one of a amount of GCC-sponsored Shari’ah-compliant banking casework companies accretion in the City of London, afterward contempo authoritative and aldermanic developments in the UK. The UK Pavilion at WIBC is a abundant befalling for arch UK based companies to advertise the opportunities for accord and explain the implications of the development of Islamic accounts in the world’s No 1 banking centre. Groups like GSH (UK)’s parent, GSH and the Securities House of Kuwait, accept had the eyes to capitalise on the UK’s activity to accommodate a akin arena acreage for Shari’ah-compliant entering investment into UK’s adapted banking services. The UK already has 5 GCC sponsored Shari’ah-compliant cyberbanking authorisations either accepted or in process. We are appreciative of the befalling to advertise the developments in London that account the Islamic Financial Services industry worldwide.”
In addition, WIBC 2007 will aswell highlight key developments in added activating markets for Islamic finance, including South Africa, Malaysia and North America. Now in its 14th year, the WIBC is alluring 1,000 assembly apery over 35 countries anniversary year.
More advice on the World Islamic Banking Conference is accessible on the appointment website www.megaevents.net/wibc
-ENDS-
For added information, amuse contact:
Annie Chinoy
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: annie@megaevents.net
About MEGA Events:
MEGA is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
Mega Events - NEW INSIGHTS INTO LATEST MECHANISMS & INNOVATIONS IN ISLAMIC PROJECT FINANCE
H.E. Youssef Hussein Kamal, Minister of Finance, State of Qatar, Chairman of the Qatar Financial Centre AuthorityStore this angel in big sizeHE Yousef Hussain Kamal, Minister of Finance of the State of Qatar & Chairman of the Qatar Financial Centre Authority inaugurated the 2nd Annual World Islamic Infrastructure Finance Conference at a celebration at the Four Seasons Hotel in Doha, Qatar yesterday.
In his keynote address, H.E Sheikh Abdulla bin Saud Al-Thani, Governor of the Qatar Central Bank commented on how the advance in basement costs has coincided with the advance of Islamic cyberbanking all over the apple during the endure few years.
‘’In agreement of bread-and-butter growth, for the endure three years the apple abridgement has maintained top advance ante with an boilerplate of 5.2%. During this period, developing economies averaged 7.7% advance while the boilerplate advance amount of Middle Eastern economies was about 5.6%. These able advance ante partially reflect the abundant amplification in the acreage of authoritative amount on infrastructure-related projects. For example, the top advance ante in Qatar accept been accompanied by a connected access in amount on above basement projects. In 2003/4 this stood at QR 5.3 billion, accretion to QR 18 billion in 2005/2006 and added than QR 20 billion in 2006/2007’’, said His Excellency.
The aboriginal affair focused on the Next Wave of Opportunities and Sources of Finance for Large-Scale Infrastructure Projects, area the Opening presentation was fabricated by Dr. Ali Mohieddin Al-Qurrah Daghi, Deputy Chairman of the Shari’ah Advisory Board for QNB Al Islami. The additional affair focused on Managing Complex Transactions: Innovation in Islamic Project Finance featured an aperture presentation from Doha Bank’s Chief Executive Officer, R. Seetharaman. Innovation and the accretion composure of Islamic-structured transactions, the next bearing of Islamic banking solutions and the catechism of whether Islamic banking institutions are accessible for the challenges of added circuitous affairs were discussed by a console of experts which included Arul Kandasamy, Head of Islamic Financing Solutions, Barclays Capital a allotment of others.
The next affair on Partnering with Conventional Financial Institutions to Mobilise Infrastructure Finance focused on how bigger Islamic and accepted banks can plan together, advantageous the hurdles to acknowledged collaboration, and insights into case abstraction deals.
Highlights of the day aswell included the Shari’ah & Business Open Forum with panellists Dr. Aznan Hasan, Assistant Professor, International Islamic University & Shari’ah Advisor –Shari’ah Advisory Council of Bank Negara Malaysia, Dr. Muhammad Imran Ashraf Usmani, Shari’ah Advisor, Meezan Bank Ltd & Dr. Mohamed Elgari, Shari’ah Advisor & Professor of Islamic Economics, King Abdulaziz University. The affair was led by QNB Al Islami’s General Manager, Musadag El Melik. The affair complex a able agitation on the challenges of Shari’ah-compliant activity accounts and bigger amalgam the Shari’ah axle with the business, additional all-embracing perspectives and insights.
The conference, chastened by Naser El Tibi of CNBC Arabiya, sparked abounding discussions and led to advantageous and astute agitation on the next bearing of Islamic accounts solutions.
More advice on the World Islamic Infrastructure Finance Conference is accessible on the official appointment website www.megaevents.net/wiifc
-Ends –
For added information, amuse contact:
Annie Chinoy
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: annie@megaevents.net
The WIIFC is sponsored by QNB Al Islami, Borouj Capital, Barclays Capital, Masraf Al Rayan, Investment House, Ernst & Young, Al Safa Islamic Bank, Doha Islamic Bank, Calyon Corporate & Investment Bank, Fitch Ratings, International Centre for Education in Islamic Finance (INCIEF), Calyx Financial, KPMG, DLA Piper, Path Solutions & Qatar Airways.
Media Partners are Banker Middle East, Forbes Arabia, CNBC Arabiya, Islamic Finance Information Service, Zawya, Project Finance International, Trends, Saneou Al Hadath, Eureka Hedge, Al Bayan, Capital, Business Islamica, Qatar Today, Qatar Al Youm, Business Life, Islamic Business & Finance, Al Morakeb Al Inmai, Investors, Al-Ittihad Al-Iktissadi, The Middle East in Europe.
MEGA is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
In his keynote address, H.E Sheikh Abdulla bin Saud Al-Thani, Governor of the Qatar Central Bank commented on how the advance in basement costs has coincided with the advance of Islamic cyberbanking all over the apple during the endure few years.
‘’In agreement of bread-and-butter growth, for the endure three years the apple abridgement has maintained top advance ante with an boilerplate of 5.2%. During this period, developing economies averaged 7.7% advance while the boilerplate advance amount of Middle Eastern economies was about 5.6%. These able advance ante partially reflect the abundant amplification in the acreage of authoritative amount on infrastructure-related projects. For example, the top advance ante in Qatar accept been accompanied by a connected access in amount on above basement projects. In 2003/4 this stood at QR 5.3 billion, accretion to QR 18 billion in 2005/2006 and added than QR 20 billion in 2006/2007’’, said His Excellency.
The aboriginal affair focused on the Next Wave of Opportunities and Sources of Finance for Large-Scale Infrastructure Projects, area the Opening presentation was fabricated by Dr. Ali Mohieddin Al-Qurrah Daghi, Deputy Chairman of the Shari’ah Advisory Board for QNB Al Islami. The additional affair focused on Managing Complex Transactions: Innovation in Islamic Project Finance featured an aperture presentation from Doha Bank’s Chief Executive Officer, R. Seetharaman. Innovation and the accretion composure of Islamic-structured transactions, the next bearing of Islamic banking solutions and the catechism of whether Islamic banking institutions are accessible for the challenges of added circuitous affairs were discussed by a console of experts which included Arul Kandasamy, Head of Islamic Financing Solutions, Barclays Capital a allotment of others.
The next affair on Partnering with Conventional Financial Institutions to Mobilise Infrastructure Finance focused on how bigger Islamic and accepted banks can plan together, advantageous the hurdles to acknowledged collaboration, and insights into case abstraction deals.
Highlights of the day aswell included the Shari’ah & Business Open Forum with panellists Dr. Aznan Hasan, Assistant Professor, International Islamic University & Shari’ah Advisor –Shari’ah Advisory Council of Bank Negara Malaysia, Dr. Muhammad Imran Ashraf Usmani, Shari’ah Advisor, Meezan Bank Ltd & Dr. Mohamed Elgari, Shari’ah Advisor & Professor of Islamic Economics, King Abdulaziz University. The affair was led by QNB Al Islami’s General Manager, Musadag El Melik. The affair complex a able agitation on the challenges of Shari’ah-compliant activity accounts and bigger amalgam the Shari’ah axle with the business, additional all-embracing perspectives and insights.
The conference, chastened by Naser El Tibi of CNBC Arabiya, sparked abounding discussions and led to advantageous and astute agitation on the next bearing of Islamic accounts solutions.
More advice on the World Islamic Infrastructure Finance Conference is accessible on the official appointment website www.megaevents.net/wiifc
-Ends –
For added information, amuse contact:
Annie Chinoy
Marketing & Media Manager
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: annie@megaevents.net
The WIIFC is sponsored by QNB Al Islami, Borouj Capital, Barclays Capital, Masraf Al Rayan, Investment House, Ernst & Young, Al Safa Islamic Bank, Doha Islamic Bank, Calyon Corporate & Investment Bank, Fitch Ratings, International Centre for Education in Islamic Finance (INCIEF), Calyx Financial, KPMG, DLA Piper, Path Solutions & Qatar Airways.
Media Partners are Banker Middle East, Forbes Arabia, CNBC Arabiya, Islamic Finance Information Service, Zawya, Project Finance International, Trends, Saneou Al Hadath, Eureka Hedge, Al Bayan, Capital, Business Islamica, Qatar Today, Qatar Al Youm, Business Life, Islamic Business & Finance, Al Morakeb Al Inmai, Investors, Al-Ittihad Al-Iktissadi, The Middle East in Europe.
MEGA is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
Islamic Financial Services Board (IFSB) - The IFSB Issues Compilation Guide on Prudential and Structural Islamic Finance Indicators
Kuala Lumpur, November 7, 2007 – Limited availability of statistical advice and abridgement of cross-country actual abstracts with abundantly continued time-series accept been articular as some of the above challenges faced by the Islamic Financial Services Board (IFSB) in developing its all-embracing prudential standards for the Islamic banking casework industry. In acclamation this need, the IFSB has issued a Compilation Guide on Prudential and Structural Islamic Finance Indicators (PSIFIs), which covers Guidance on the Compilation and Dissemination of Prudential and Structural Islamic Finance Indicators for Banking and Near-Banking institutions alms Islamic banking services.
The Compilation Guide, which aims to act as a adviser for standardising the alignment of abstracts accumulation and broadcasting a allotment of institutions alms Islamic banking services, marks the achievement of the aboriginal date of the database development.
The Guide is accepted to:
•benefit bazaar players and the authoritative authorities who facilitate the ecology and appraisal of the acumen and adherence of the Islamic banking casework industry (IFSI) through a set of prudential, structural and banking backbone indicators, as able-bodied as advance cooperation a allotment of axial banks/monetary authorities and added accordant authoritative authorities;
•support and advice alike the formulation, development and accessory of adapted all-embracing prudential standards by the IFSB;
•strengthen accuracy and all-embracing allegory of calm IFSIs in adjustment to facilitate their affiliation into the all-embracing banking arrangement through accessible accessibility to the Prudential Islamic Finance Database and added appear cross-country industry abstracts in IFSB analysis reports.
IFSB Secretary General, Professor Rifaat Ahmed Abdel Karim says, “The PSIFIs is connected with added all-embracing banking statistics such as the Financial Soundness Indicators able by the International Monetary Fund and the database of the Bank for International Settlements. The PSIFIs, however, is acclimatized appropriately to baby for the specificities of institutions alms Islamic banking casework and added by some structural indicators.”
The IFSB is currently alive initially with 5 countries that accept agreed to participate in the additional appearance of the activity which restricts abstracts accumulating at this date to the cyberbanking and near-banking articulation of the industry. In due course, the IFSB will allure added banking abstracts compilers from a allotment of authoritative and authoritative authorities that are affiliate countries of the IFSB, adorning both the ambit and bounded advantage of the guide.
Siham Ismail
Marketing Communications
Islamic Financial Services Board
Email: siham@ifsb.org
Tel: + 603 2698 4248
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 137 associates of the IFSB cover 35 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 97 bazaar players and able firms from 22 countries.
The Compilation Guide, which aims to act as a adviser for standardising the alignment of abstracts accumulation and broadcasting a allotment of institutions alms Islamic banking services, marks the achievement of the aboriginal date of the database development.
The Guide is accepted to:
•benefit bazaar players and the authoritative authorities who facilitate the ecology and appraisal of the acumen and adherence of the Islamic banking casework industry (IFSI) through a set of prudential, structural and banking backbone indicators, as able-bodied as advance cooperation a allotment of axial banks/monetary authorities and added accordant authoritative authorities;
•support and advice alike the formulation, development and accessory of adapted all-embracing prudential standards by the IFSB;
•strengthen accuracy and all-embracing allegory of calm IFSIs in adjustment to facilitate their affiliation into the all-embracing banking arrangement through accessible accessibility to the Prudential Islamic Finance Database and added appear cross-country industry abstracts in IFSB analysis reports.
IFSB Secretary General, Professor Rifaat Ahmed Abdel Karim says, “The PSIFIs is connected with added all-embracing banking statistics such as the Financial Soundness Indicators able by the International Monetary Fund and the database of the Bank for International Settlements. The PSIFIs, however, is acclimatized appropriately to baby for the specificities of institutions alms Islamic banking casework and added by some structural indicators.”
The IFSB is currently alive initially with 5 countries that accept agreed to participate in the additional appearance of the activity which restricts abstracts accumulating at this date to the cyberbanking and near-banking articulation of the industry. In due course, the IFSB will allure added banking abstracts compilers from a allotment of authoritative and authoritative authorities that are affiliate countries of the IFSB, adorning both the ambit and bounded advantage of the guide.
Siham Ismail
Marketing Communications
Islamic Financial Services Board
Email: siham@ifsb.org
Tel: + 603 2698 4248
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 137 associates of the IFSB cover 35 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 97 bazaar players and able firms from 22 countries.
Matrix PR - The 14th Annual World Islamic Banking Conference
A new appearance almanac is set to be accomplished as 1,000 assembly apery the decision-makers of the world’s arch Islamic banking academy will accumulate at the 14th anniversary World Islamic Banking Conference (WIBC) at the Gulf International Convention Centre in Bahrain. Speaking advanced of the conference, which takes abode on 8, 9 and 10 December 2007, David McLean, Managing Director of MEGA, the owners of the WIBC brand, accent the advance of the accident over the accomplished 14 years:
“In 1993, with alone a drop of Islamic banks in existence, a simple 120 beat assembly abounding the aboriginal anytime WIBC. Today, with the amazing admeasurement of Islamic banking institutions worldwide, 1000 assembly from added than 35 countries will appear WIBC this year. Working with over 60 ally and sponsors from industry-leading companies added highlights the cardinal role that WIBC plays as the better and a lot of cogent acquisition of Islamic cyberbanking & accounts industry leaders anywhere in the world.”
Senior admiral from market-leading institutions added answer this growth. Yousif Taqi, the Chief Executive Officer of Al Salam Bank, emphasises that: “Every year we attestant accretion absorption from key banking institutions to appear WIBC as it stimulates astute agitation on abundant issues adverse the all-around industry.”
While John Weguelin, the Managing Director of European Islamic Investment Bank, highlights that: “WIBC is the one accident that auspiciously brings calm the above players in the Islamic accounts bazaar and is actually the a lot of important appointment on the Islamic cyberbanking calendar.”
Networking amid industry powerhouses is aswell top on the agenda. In accession to the abundant advice barter and ability alteration that takes abode at the absolute sessions of the World Islamic Banking Conference, there is aswell cogent amount to be acquired from the activities and discussions that crop abode on the sidelines of the capital conference. From all-embracing columnist briefings to breezy networking, the WIBC Sidelines is a artistic ambiance accessory to accepting the a lot of from accord in the conference.
The WIBC exhibition aswell runs alongside the appointment and provides a advertise for the latest developments in the industry, new banking casework artefact launches and avant-garde solutions, with an accent on convalescent ability and performance.
With a focus on The World Comes to WIBC, this year will see the barrage of the UK Pavilion. Hosted by the UK Trade & Investment, the UK Pavilion will affection a top powered appointment of accommodation makers apery key banks and institutions based in the UK, including the London Stock Exchange. With above initiatives already underway to authorize London as a key European centre for Islamic finance, the UK Pavilion will be a activating and alternate amplitude to accommodated with those leaders who are currently accomplishment the UK’s role in Islamic finance, abnormally with agitative developments advancing on the UK Sukuk market.
Furthermore, the Chartered Institute of Management Accountants (CIMA), a all-around organisation which supports over 158,000 acceptance and associates in added than 161 countries, will be ablution a new specialist Islamic Finance accomplishment at the WIBC pre-dinner accession on the black of 9 December.
Robert Jelly, Director of Education at CIMA, will be speaking at the pre-dinner accession at which the CIMA Certificate in Islamic Finance will be launched. He explains: “CIMA has articular that there is ample appeal from the all-around business association to advance the ability and abilities bare to account the added important Islamic Finance market. The CIMA Certificate in Islamic Finance is the aboriginal of its affectionate to be created by an accountancy anatomy and I attending advanced to ablution our all-around affidavit at the WIBC alongside Dr Mohd Daud Bakar, who has assisted us in the development of the qualification”.
The Executive Business Lounge, hosted by Bahrain Financial Services Development (BFSD), will accredit the assembly to added bigger affix with key clients, affairs and all-embracing media in a added alternate and ample platform. Premium coffee from Starbucks, wireless internet and added business allowances are the adjustment of the day at the BFSD Business Lounge.
In addition, the VIP Networking Area, hosted by BankMuscat International will advice participants accommodated and disentangle in an breezy and airy environment.
More advice on the World Islamic Banking Conference is accessible on the appointment website www.megaevents.net/wibc
-ENDS-
MEGA is the market-leading business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Matrix Public Relations
Tel: 0097143430888
Sharon@matrixdubai.com; adil.j@matrixdubai.com
For added advice on the event, amuse contact:
Zainab Hasan
Head – Business Development
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
“In 1993, with alone a drop of Islamic banks in existence, a simple 120 beat assembly abounding the aboriginal anytime WIBC. Today, with the amazing admeasurement of Islamic banking institutions worldwide, 1000 assembly from added than 35 countries will appear WIBC this year. Working with over 60 ally and sponsors from industry-leading companies added highlights the cardinal role that WIBC plays as the better and a lot of cogent acquisition of Islamic cyberbanking & accounts industry leaders anywhere in the world.”
Senior admiral from market-leading institutions added answer this growth. Yousif Taqi, the Chief Executive Officer of Al Salam Bank, emphasises that: “Every year we attestant accretion absorption from key banking institutions to appear WIBC as it stimulates astute agitation on abundant issues adverse the all-around industry.”
While John Weguelin, the Managing Director of European Islamic Investment Bank, highlights that: “WIBC is the one accident that auspiciously brings calm the above players in the Islamic accounts bazaar and is actually the a lot of important appointment on the Islamic cyberbanking calendar.”
Networking amid industry powerhouses is aswell top on the agenda. In accession to the abundant advice barter and ability alteration that takes abode at the absolute sessions of the World Islamic Banking Conference, there is aswell cogent amount to be acquired from the activities and discussions that crop abode on the sidelines of the capital conference. From all-embracing columnist briefings to breezy networking, the WIBC Sidelines is a artistic ambiance accessory to accepting the a lot of from accord in the conference.
The WIBC exhibition aswell runs alongside the appointment and provides a advertise for the latest developments in the industry, new banking casework artefact launches and avant-garde solutions, with an accent on convalescent ability and performance.
With a focus on The World Comes to WIBC, this year will see the barrage of the UK Pavilion. Hosted by the UK Trade & Investment, the UK Pavilion will affection a top powered appointment of accommodation makers apery key banks and institutions based in the UK, including the London Stock Exchange. With above initiatives already underway to authorize London as a key European centre for Islamic finance, the UK Pavilion will be a activating and alternate amplitude to accommodated with those leaders who are currently accomplishment the UK’s role in Islamic finance, abnormally with agitative developments advancing on the UK Sukuk market.
Furthermore, the Chartered Institute of Management Accountants (CIMA), a all-around organisation which supports over 158,000 acceptance and associates in added than 161 countries, will be ablution a new specialist Islamic Finance accomplishment at the WIBC pre-dinner accession on the black of 9 December.
Robert Jelly, Director of Education at CIMA, will be speaking at the pre-dinner accession at which the CIMA Certificate in Islamic Finance will be launched. He explains: “CIMA has articular that there is ample appeal from the all-around business association to advance the ability and abilities bare to account the added important Islamic Finance market. The CIMA Certificate in Islamic Finance is the aboriginal of its affectionate to be created by an accountancy anatomy and I attending advanced to ablution our all-around affidavit at the WIBC alongside Dr Mohd Daud Bakar, who has assisted us in the development of the qualification”.
The Executive Business Lounge, hosted by Bahrain Financial Services Development (BFSD), will accredit the assembly to added bigger affix with key clients, affairs and all-embracing media in a added alternate and ample platform. Premium coffee from Starbucks, wireless internet and added business allowances are the adjustment of the day at the BFSD Business Lounge.
In addition, the VIP Networking Area, hosted by BankMuscat International will advice participants accommodated and disentangle in an breezy and airy environment.
More advice on the World Islamic Banking Conference is accessible on the appointment website www.megaevents.net/wibc
-ENDS-
MEGA is the market-leading business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Matrix Public Relations
Tel: 0097143430888
Sharon@matrixdubai.com; adil.j@matrixdubai.com
For added advice on the event, amuse contact:
Zainab Hasan
Head – Business Development
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Mega Events - Islamic Banker of the Year Award to be appear at the WIBC
The Islamic Banker of the Year 2007, one of the all-around Islamic cyberbanking and accounts industry’s oldest and a lot of celebrated awards will be appear on 9th December, the World Islamic Banking Conference (WIBC) has announced. The award, which recognizes the industry’s a lot of outstanding achievements, will be handed out at a bright banquet and awards celebration hosted by JP Morgan during the 14th Annual WIBC at the Gulf Hotel, Manama, Kingdom of Bahrain.
David McLean, Managing Director, WIBC states: “For added than a decade, the Islamic Banker of the Year Award has accustomed ground-breaking achievements by the controlling leaders of the all-embracing Islamic industry. The accolade has accomplished a greater acceptation in the accepted climate, with the industry surging into its next appearance of development”
McLean aswell states that the accolade will be a addition in industry accreditation to above banks arrest appalling challenges in the Islamic area including acceptable and assisting growth, ascent aggressive pressures and all-around aspirations. The accolade is commonly awarded to an accustomed Islamic agent who has fabricated notable contributions to the Islamic casework industry (during the budgetary year?). Key alternative belief will cover the strategy, addition and administration as in spearheading the barrage of institutions or re-positioning battleground institutions or ablution new articles or casework or active abundant broad Islamic affairs and all-embracing captivation and complexity.
“The Islamic Banker of the Year Award is one of the a lot of celebrated awards in Islamic Finance. It recognizes the outstanding efforts of a absolutely aberrant alone who has helped advance our industry. Ernst and Young is appreciative to accept been associated with the accolade back its inception.” declared Sameer abdi, Head of Ernst and Young’s Islamic Financial Services Group.
The accolade is accurate by the Central Bank of Bahrain and uses a peer-based voting arrangement amidst a baddest accumulation of industry leaders. Ernst & Young, the official auditors for the event, applies a alternation of belief developed in accord with the WIBC to ascertain the final winner. Previous winners cover abounding industry founders and visionaries including Sheikh Saleh Kamal, Prince Mohammed Al Faysal, and added afresh by Adnan Yousif, Atif Abdul Malik and Husein Al Meeza.
Additionally two celebrated awards, The Institutional Excellence Award and The Industry Leadership Award will aswell be presented at the WIBC.
Ends.
MEGA is the market-leading business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Matrix Public Relations
Tel: 0097143430888
Sharon@matrixdubai.com; adil.j@matrixdubai.com
For added advice on the event, amuse contact:
Zainab Hasan
Head – Business Development
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
David McLean, Managing Director, WIBC states: “For added than a decade, the Islamic Banker of the Year Award has accustomed ground-breaking achievements by the controlling leaders of the all-embracing Islamic industry. The accolade has accomplished a greater acceptation in the accepted climate, with the industry surging into its next appearance of development”
McLean aswell states that the accolade will be a addition in industry accreditation to above banks arrest appalling challenges in the Islamic area including acceptable and assisting growth, ascent aggressive pressures and all-around aspirations. The accolade is commonly awarded to an accustomed Islamic agent who has fabricated notable contributions to the Islamic casework industry (during the budgetary year?). Key alternative belief will cover the strategy, addition and administration as in spearheading the barrage of institutions or re-positioning battleground institutions or ablution new articles or casework or active abundant broad Islamic affairs and all-embracing captivation and complexity.
“The Islamic Banker of the Year Award is one of the a lot of celebrated awards in Islamic Finance. It recognizes the outstanding efforts of a absolutely aberrant alone who has helped advance our industry. Ernst and Young is appreciative to accept been associated with the accolade back its inception.” declared Sameer abdi, Head of Ernst and Young’s Islamic Financial Services Group.
The accolade is accurate by the Central Bank of Bahrain and uses a peer-based voting arrangement amidst a baddest accumulation of industry leaders. Ernst & Young, the official auditors for the event, applies a alternation of belief developed in accord with the WIBC to ascertain the final winner. Previous winners cover abounding industry founders and visionaries including Sheikh Saleh Kamal, Prince Mohammed Al Faysal, and added afresh by Adnan Yousif, Atif Abdul Malik and Husein Al Meeza.
Additionally two celebrated awards, The Institutional Excellence Award and The Industry Leadership Award will aswell be presented at the WIBC.
Ends.
MEGA is the market-leading business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Matrix Public Relations
Tel: 0097143430888
Sharon@matrixdubai.com; adil.j@matrixdubai.com
For added advice on the event, amuse contact:
Zainab Hasan
Head – Business Development
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Mega Events - CENTRAL BANK GOVERNORS OF MALAYSIA AND BAHRAIN CONFIRMED AS KEYNOTE SPEAKERS
HE Rasheed M. Al Maraj, the Governor of the Central Bank of Bahrain, Hon. Burhanuddin Abdullah, the Governor of the Bank of Indonesia, and Professor Rifaat Ahmed Abdel Karim, Secretary General for the Islamic Financial Services Board accept been accepted as the keynote speakers of the 14th World Islamic Banking Conference (WIBC) from 8 to 10 December 2007 at the Gulf International Convention Centre. The appointment which accepting captivated beneath the advocacy of HH Shaikh Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain will focus on the banking and authoritative architectonics to accredit industry advance and absolute risks.
The affair of WIBC 2007 looks at new all-embracing advance markets and with 1,000 assembly from added than 35 countries acquisition at the conference, this year it is absolutely about the World Comes to WIBC. The barrage of the new Country Focus affair will analyze the accretion absorption and opportunities for Islamic accounts in non-Islamic geographies; and for the aboriginal time WIBC will affection the UK Pavilion led by UK Trade & Investment. Featuring a activating appointment of decision-makers apery above banks and institutions in the UK, this will be a activating befalling to accommodated with the players who are abstraction the approaching of London as a key European centre for Islamic finance.
The absurd advance adventure of Islamic cyberbanking is set to abide through 2008 in an added activating bazaar characterised by battleground deals and adventurous strategies. Significant new players accept entered the market, while some able-bodied accustomed institutions accept broadcast their geographic brand and the above all-embracing accepted players accept added acicular their Islamic accounts capabilities. This has set the date for discussions over the next two canicule as WIBC 2007 has accumulated an aberrant agency of added than 60 outstanding speakers from the Middle East, Europe, North America and Asia to allotment new insights into the advance abeyant of Islamic cyberbanking & finance.
Providing new analysis insights into industry trends and performance, The WIBC McKinsey Competitiveness Report 2007/08, now in its 4th year, has rapidly accustomed itself as an basal advertence ability for decision-makers as they map out their strategies for aggressive arete and achievement improvement. This year’s Competitiveness Report, to be launched on the 9th of December 2007 at WIBC, focuses on how institutions can abduction the abundance dollar befalling - as the Islamic cyberbanking industry active to new advance records.
WIBC 2007 assembly will appoint in aesthetic debates on these cogent issues with a acclaimed adroitness of sixty 5 speakers and panelists, including leaders of all-embracing and bounded institutions, through a mix of awful alternate absolute sessions, break-outs and clandestine closed-door meetings.
In accession to ability transfer, WIBC is aswell about high-level networking and this year there are abounding appearance on the Sidelines of the appointment that will facilitate breezy discussions. From the Executive Business Lounge hosted by BFSD; to the all-embracing exhibition; the VIP Networking Room hosted by Bank Muscat International; and culminating in the Gala Dinner & Awards celebration hosted by JP Morgan, with Ernst & Young as the Award Auditor; there are abounding opportunities to appoint in above interactions with the bazaar leaders accumulated at WIBC.
-ENDS-
About Middle East Global Advisors (MEGA)
Middle East Global Advisors (MEGA) is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Matrix Public Relations
Tel: 0097143430888or media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Sharon@matrixdubai.com; adil.j@matrixdubai.com
For Further Information, Please Contact:
Zainab Hasan
Head – Business Development
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
The affair of WIBC 2007 looks at new all-embracing advance markets and with 1,000 assembly from added than 35 countries acquisition at the conference, this year it is absolutely about the World Comes to WIBC. The barrage of the new Country Focus affair will analyze the accretion absorption and opportunities for Islamic accounts in non-Islamic geographies; and for the aboriginal time WIBC will affection the UK Pavilion led by UK Trade & Investment. Featuring a activating appointment of decision-makers apery above banks and institutions in the UK, this will be a activating befalling to accommodated with the players who are abstraction the approaching of London as a key European centre for Islamic finance.
The absurd advance adventure of Islamic cyberbanking is set to abide through 2008 in an added activating bazaar characterised by battleground deals and adventurous strategies. Significant new players accept entered the market, while some able-bodied accustomed institutions accept broadcast their geographic brand and the above all-embracing accepted players accept added acicular their Islamic accounts capabilities. This has set the date for discussions over the next two canicule as WIBC 2007 has accumulated an aberrant agency of added than 60 outstanding speakers from the Middle East, Europe, North America and Asia to allotment new insights into the advance abeyant of Islamic cyberbanking & finance.
Providing new analysis insights into industry trends and performance, The WIBC McKinsey Competitiveness Report 2007/08, now in its 4th year, has rapidly accustomed itself as an basal advertence ability for decision-makers as they map out their strategies for aggressive arete and achievement improvement. This year’s Competitiveness Report, to be launched on the 9th of December 2007 at WIBC, focuses on how institutions can abduction the abundance dollar befalling - as the Islamic cyberbanking industry active to new advance records.
WIBC 2007 assembly will appoint in aesthetic debates on these cogent issues with a acclaimed adroitness of sixty 5 speakers and panelists, including leaders of all-embracing and bounded institutions, through a mix of awful alternate absolute sessions, break-outs and clandestine closed-door meetings.
In accession to ability transfer, WIBC is aswell about high-level networking and this year there are abounding appearance on the Sidelines of the appointment that will facilitate breezy discussions. From the Executive Business Lounge hosted by BFSD; to the all-embracing exhibition; the VIP Networking Room hosted by Bank Muscat International; and culminating in the Gala Dinner & Awards celebration hosted by JP Morgan, with Ernst & Young as the Award Auditor; there are abounding opportunities to appoint in above interactions with the bazaar leaders accumulated at WIBC.
-ENDS-
About Middle East Global Advisors (MEGA)
Middle East Global Advisors (MEGA) is the arch business advice close focused on accomplishing business after-effects for the Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
For media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Matrix Public Relations
Tel: 0097143430888or media information, amuse acquaintance Sharon Pereira or Adil Jaouhari:
Sharon@matrixdubai.com; adil.j@matrixdubai.com
For Further Information, Please Contact:
Zainab Hasan
Head – Business Development
Middle East Global Advisors (MEGA)
Tel: +9714 3431200
Email: zainab@megaevents.net
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Islamic Financial Services Board (IFSB) - The Islamic banking casework industry is allotment and bindle of the all-around banking infrastructure
Frankfurt, December 7, 2007 – “Islamic finance, admitting its different characteristics, is assorted in its appliance and has accepted address as a applicable addition agency of financing” Professor Rifaat Ahmed Abdel Karim, Secretary General of the Islamic Financial Services Board (IFSB) said in his aperture abode to the assembly of the 2nd Islamic Financial Services Forum: The European Challenge on Wednesday. He added that admitting accepting its own nomenclature, the Islamic banking casework industry (IFSI) operates aural the absolute all-around banking infrastructure. The interlinking of the IFSI with the accepted banking arrangement capacity it to agnate risks and challenges, and may still affect banking markets (albeit in a almost accessory way) should any adverse altitude occur. Thus, it is all-important that there be a set of prudential standards that baby for the specificities of Islamic finance.
The IFSB, an all-embracing organisation with the authorization to advance prudential standards for the IFSI believes that acclimation efforts will abundantly accord to announcement the acumen and adherence of the IFSI, convalescent the administration of institutions alms Islamic banking casework (IIFS), and a lot of importantly, accouterment a akin arena acreage for IIFS enabling them to accomplish their abounding abeyant in calm and all-around markets. In its alertness of prudential standards for the IFSI, the IFSB adopts absolute globally able standards, for archetype Basel II, and acclimatize them to the specificities of the IIFS. This access is adopted to accompany about the seamless affiliation of the IFSI into the boilerplate market. For the IFSB, the appliance of its standards should not compromise, but rather complement, the absolute authoritative practices.
The Forum is the aftereffect of collective accord amid the Deutsche Bundesbank, the Financial Stability Institute and the IFSB. Dr. Zeti Akhtar Aziz, Governor Bank Negara Malaysia, and Chairperson of the IFSB Council delivered the Keynote Address. The Forum drew the accord of 22 internationally recognised chairpersons and speakers, including four added axial case governors of IFSB affiliate countries. They are:
1. Dr. Umayya Toukan, Governor Central Bank of Jordan
2. Dr. Shamshad Akhtar, Governor State Bank of Pakistan
3. Sheikh Abdullah Saoud Al-Thani, Governor, Qatar Central Bank
4. Sultan bin Nasser Al Suwaidi, Governor, Central Bank of the United Arab Emirates
The aim of the Forum, which was abounding by added that 130 delegates, is to accommodate assembly with a bigger compassionate of the intricacies of the IFSI as able-bodied as casting ablaze on the operational aspects of the IFSB Standards.
This is the IFSB’s additional Forum in Europe, the aboriginal of which was captivated in Luxembourg in November 2005.
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Contact: Siham Ismail
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
1. The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was clearly inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 150 associates of the IFSB cover 37 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 108 bazaar players and able firms from 31 countries.
2.The Council of the Islamic Financial Services Board (IFSB), in March 2006, adapted the IFSB Articles of Agreement to accredit allowance and balance authoritative authorities to accompany the IFSB as Full Members. With this amendment, Full Membership is now accessible to:
a. Supervisory authorities amenable for the administration of banking, balance and allowance or Takaful industry of anniversary absolute country that recognizes Islamic banking services, whether by legislation or adjustment or by accustomed practice, and
b. inter-governmental organizations that accept an absolute authorization for announcement Islamic accounts and markets.
The IFSB, an all-embracing organisation with the authorization to advance prudential standards for the IFSI believes that acclimation efforts will abundantly accord to announcement the acumen and adherence of the IFSI, convalescent the administration of institutions alms Islamic banking casework (IIFS), and a lot of importantly, accouterment a akin arena acreage for IIFS enabling them to accomplish their abounding abeyant in calm and all-around markets. In its alertness of prudential standards for the IFSI, the IFSB adopts absolute globally able standards, for archetype Basel II, and acclimatize them to the specificities of the IIFS. This access is adopted to accompany about the seamless affiliation of the IFSI into the boilerplate market. For the IFSB, the appliance of its standards should not compromise, but rather complement, the absolute authoritative practices.
The Forum is the aftereffect of collective accord amid the Deutsche Bundesbank, the Financial Stability Institute and the IFSB. Dr. Zeti Akhtar Aziz, Governor Bank Negara Malaysia, and Chairperson of the IFSB Council delivered the Keynote Address. The Forum drew the accord of 22 internationally recognised chairpersons and speakers, including four added axial case governors of IFSB affiliate countries. They are:
1. Dr. Umayya Toukan, Governor Central Bank of Jordan
2. Dr. Shamshad Akhtar, Governor State Bank of Pakistan
3. Sheikh Abdullah Saoud Al-Thani, Governor, Qatar Central Bank
4. Sultan bin Nasser Al Suwaidi, Governor, Central Bank of the United Arab Emirates
The aim of the Forum, which was abounding by added that 130 delegates, is to accommodate assembly with a bigger compassionate of the intricacies of the IFSI as able-bodied as casting ablaze on the operational aspects of the IFSB Standards.
This is the IFSB’s additional Forum in Europe, the aboriginal of which was captivated in Luxembourg in November 2005.
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Contact: Siham Ismail
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
1. The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was clearly inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 150 associates of the IFSB cover 37 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 108 bazaar players and able firms from 31 countries.
2.The Council of the Islamic Financial Services Board (IFSB), in March 2006, adapted the IFSB Articles of Agreement to accredit allowance and balance authoritative authorities to accompany the IFSB as Full Members. With this amendment, Full Membership is now accessible to:
a. Supervisory authorities amenable for the administration of banking, balance and allowance or Takaful industry of anniversary absolute country that recognizes Islamic banking services, whether by legislation or adjustment or by accustomed practice, and
b. inter-governmental organizations that accept an absolute authorization for announcement Islamic accounts and markets.
Mega Events - THE 14TH ANNUAL WIBC CONCLUDES WITH PREDICTIONS OF FURTHER INDUSTRY GROWTH AND INNOVATION
The 14th anniversary World Islamic Banking Conference (WIBC) assured afresh with experts admiration Shari’ah cyberbanking would not escape the sub-prime acclaim squeeze. Sameer Abdi accomplice at Ernst & Young Bahrain and the arch of the Islamic Financial Services Group said; “There accept at times been suggestions that Islamic Financial institutions will not be afflicted by the advancing sub-prime mortgage in the US. However, all banking institutions will be afflicted by the college amount of borrowings, behindhand of the akin of clamminess in the GCC.”
Abdi fabricated these statements at the ‘Power Table’ agitation that assured the three- day WIBC appointment in Bahrain. The Power table empiric that a above claiming for Shari’ah cyberbanking institutions is to approach assets and focus on those markets and segments that accept the greatest abeyant for agitative growth.
The absolute day opened with the Leaders & Winning Strategies affair area Innovation in Islamic accounts and the accepted challenges were discussed by Michael Chahine, Director and Global Head of Islamic Banking Distribution, Credit Suisse, Fares Mourad, Director and Global Head of Islamic Investment, Credit Suisse & Olaf Ransome, Director (Prime Services) Head of Business Development, Credit Suisse, Zurich.
The Corporate & Investment Banking Summit: Pinpointing the Next Wave of Big Deals focused on exploring key trends in the accumulated & investment cyberbanking markets, the latest developments in the Islamic basic markets with a specific accent on the way advanced for Sukuk.
The appointment aswell focused on the Islamic Retail Banking bazaar and analysed the artefact development and operational capabilities of the industry leaders with a appearance to abduction the chump cyberbanking advance opportunity.
During the Shari’ah & Business Open Forum, a high-profile console of advisers and bankers tackled the challenges of ensuring greater bendability of Shari’ah interpretation, enabling an able interface amid business imperatives and the Shari’ah board, while acclamation the curtailment of Shari’ah scholars.
The development of the Singapore bazaar and the accessory accident and adjustment of Islamic banks was discussed by Chia Der Jiun, Executive Director (Prudential Policy) of the Monetary Authority of Singapore. He declared Singapore as a above all-embracing broad cyberbanking centre with US$880billion of cyberbanking assets in the Asian Dollar market, with a fast growing abundance administration hub of about US$600billion Assets beneath Management to growing about 30% over accomplished 5 years and Islamic absolute acreage funds of over US$1.35billion.
With 1,000 attendees from added than 35 countries aggregate at the conference, speakers and assembly agreed that the actual approaching of the industry is characterized by a able advance abeyant abnormally above the acceptable markets. While the development of Islamic cyberbanking in the GCC markets will abide to advance the way, experts at the appointment aswell predicted cogent advance for Islamic cyberbanking in Asia and even in markets in the UK, Europe, Africa and North America.
Ends-
For added media advice amuse contact:
Sharon Pereira
MATRIX PR
Tel: +9714 3430888
Email: sharon@matrixdubai.com
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Abdi fabricated these statements at the ‘Power Table’ agitation that assured the three- day WIBC appointment in Bahrain. The Power table empiric that a above claiming for Shari’ah cyberbanking institutions is to approach assets and focus on those markets and segments that accept the greatest abeyant for agitative growth.
The absolute day opened with the Leaders & Winning Strategies affair area Innovation in Islamic accounts and the accepted challenges were discussed by Michael Chahine, Director and Global Head of Islamic Banking Distribution, Credit Suisse, Fares Mourad, Director and Global Head of Islamic Investment, Credit Suisse & Olaf Ransome, Director (Prime Services) Head of Business Development, Credit Suisse, Zurich.
The Corporate & Investment Banking Summit: Pinpointing the Next Wave of Big Deals focused on exploring key trends in the accumulated & investment cyberbanking markets, the latest developments in the Islamic basic markets with a specific accent on the way advanced for Sukuk.
The appointment aswell focused on the Islamic Retail Banking bazaar and analysed the artefact development and operational capabilities of the industry leaders with a appearance to abduction the chump cyberbanking advance opportunity.
During the Shari’ah & Business Open Forum, a high-profile console of advisers and bankers tackled the challenges of ensuring greater bendability of Shari’ah interpretation, enabling an able interface amid business imperatives and the Shari’ah board, while acclamation the curtailment of Shari’ah scholars.
The development of the Singapore bazaar and the accessory accident and adjustment of Islamic banks was discussed by Chia Der Jiun, Executive Director (Prudential Policy) of the Monetary Authority of Singapore. He declared Singapore as a above all-embracing broad cyberbanking centre with US$880billion of cyberbanking assets in the Asian Dollar market, with a fast growing abundance administration hub of about US$600billion Assets beneath Management to growing about 30% over accomplished 5 years and Islamic absolute acreage funds of over US$1.35billion.
With 1,000 attendees from added than 35 countries aggregate at the conference, speakers and assembly agreed that the actual approaching of the industry is characterized by a able advance abeyant abnormally above the acceptable markets. While the development of Islamic cyberbanking in the GCC markets will abide to advance the way, experts at the appointment aswell predicted cogent advance for Islamic cyberbanking in Asia and even in markets in the UK, Europe, Africa and North America.
Ends-
For added media advice amuse contact:
Sharon Pereira
MATRIX PR
Tel: +9714 3430888
Email: sharon@matrixdubai.com
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Islamic Financial Services Board (IFSB) - IFSB to Explore the Impact of Financial Globalisation on Islamic Financial Services at Amman Summit
Kuala Lumpur, 2 January 2008 - The actual attributes of cross-border basic flows calm with the astounding advances in advice technology and pressures on banking bazaar liberalisation has meant that globalisation has accordingly impacted on the banking casework area per se.
In this respect, the Islamic banking casework area is no exception. Indeed, in an ambitious accepted Shari'ah adjustable arrangement of banking management, globalisation at atomic is a abeyant force for good.
Islamic accounts is a abnormality that has admiring accord by anyone absorbed in ethical and socially-responsible banking casework and investments. The cross-cultural assimilation of Islamic accounts is demography an agitative new about-face in markets such as Malaysia, with Islamic banking articles now accepting acclimated as wraps even for accepted articles by non-Muslim barter because they are accounted added competitive.
The absorbing year-on-year advance of Islamic accounts augurs able-bodied for the approaching activity of the sector. Despite the absence of empiric analysis on bazaar size, the area is estimated by some to abound at a able-bodied 20 per cent per annum over the next few years.
With banking globalisation, whether in the accepted or Islamic banking sectors, comes addition and banking engineering. The clip of addition is so accelerated that actual generally authoritative authorities acquisition it difficult to accumulate up with new developments in articles and the accessory legislation, technology and bazaar trends.
With this in mind, the Islamic Financial Services Board (IFSB), the transnational organisation whose authorization is to set prudential and authoritative standards for the all-around Islamic accounts sector, is organising its 5th Annual Summit to be captivated on 13-14th May 2008 in Amman, Jordan on the affair ‘Financial Globalisation and Islamic Financial Services’.
The Summit will be captivated beneath the Royal Patronage of Her Majesty Queen Rania Al-Abdullah.
The accent of this Summit cannot be overstated. Its timing could not be added opportune. With added and added IFSB affiliate countries now acceding to the World Trade Organisation (WTO) provisions, including those apropos to banking bazaar liberalisation, and added cross-border opportunities accordingly emerging, it is important for regulators, bazaar players and added absorbed parties to familiarise themselves with how banking globalisation is impacting on Islamic banking services.
As such, the IFSB Summit will altercate pertinent capacity which include:
• Globalisation of Islamic Financial Services: Opportunities and Challenges. These cover Supply and Demand trends for Islamic Finance; Growth in Different Industry Segments; Potential Returns to addition and Specialised Technology; and Issue Relating to Legal Infrastructures, Regulation and Human Resources.
• Cross-border Capital Flows, including the Size and Patterns of such Flows, and the Role of Islamic Capital Markets in Facilitating such Flows.
• Key issues in Regional Integration of Islamic Financial Markets, including Islamic Capital Markets – Promotion and the Catalytic Role of Governments.
• Standardisation, Harmonisation, Mutual Recognition and Exchange Market Cooperation to Develop National Islamic Capital Markets and their Regional and Global Integration. These would cover Shari’ah Rulings; Contracts and Documentation; and Exchange Market Alliances.
• And The Way Forward in Financial Globalisation and Islamic Financial Services. These would cover the Development of National Islamic Financial Markets and the Priorities for Standard-setting Organisations.
This Summit has important implications in added aspects as well. International Monetary Fund studies in the accomplished accept apparent that Islamic finance, by its actual nature, may be in a stronger position to blemish the shocks of the all-around banking system. At a time if the accepted cyberbanking area is adverse a austere acclaim crisis afterward investments in subprime US apartment mortgage loans, which accept back collapsed, there may be even added clearing to Islamic banking casework in assertive countries, and added acquaint to be learnt for both banking systems.
In this respect, this Summit is acute aswell for all those complex and absorbed in Islamic banking casework – government departments and agencies; authoritative authorities, all-embracing agencies, bazaar players, investors, end-users, academics, affiliated casework such as appraisement agencies, law firms, accountants and auditing firms, consultants, and abreast lay people.
The IFSB is convening a accumulation of six governors of axial banks, top experts and practitioners in their corresponding fields to abode the Summit on the assorted capacity above. More data to this aftereffect will be appear in due course.
Further data of the Summit can be apparent at www.ifsbamman2008.com
This is one Summit which anyone complex and absorbed in Islamic banking casework cannot acquiesce to miss!
Siham Ismail
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext: 119
Islamic Financial Services Services
Kuala Lumpur, Malaysia
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 150 associates of the IFSB cover 37 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 108 bazaar players and able firms operating in 31 jurisdictions.
In this respect, the Islamic banking casework area is no exception. Indeed, in an ambitious accepted Shari'ah adjustable arrangement of banking management, globalisation at atomic is a abeyant force for good.
Islamic accounts is a abnormality that has admiring accord by anyone absorbed in ethical and socially-responsible banking casework and investments. The cross-cultural assimilation of Islamic accounts is demography an agitative new about-face in markets such as Malaysia, with Islamic banking articles now accepting acclimated as wraps even for accepted articles by non-Muslim barter because they are accounted added competitive.
The absorbing year-on-year advance of Islamic accounts augurs able-bodied for the approaching activity of the sector. Despite the absence of empiric analysis on bazaar size, the area is estimated by some to abound at a able-bodied 20 per cent per annum over the next few years.
With banking globalisation, whether in the accepted or Islamic banking sectors, comes addition and banking engineering. The clip of addition is so accelerated that actual generally authoritative authorities acquisition it difficult to accumulate up with new developments in articles and the accessory legislation, technology and bazaar trends.
With this in mind, the Islamic Financial Services Board (IFSB), the transnational organisation whose authorization is to set prudential and authoritative standards for the all-around Islamic accounts sector, is organising its 5th Annual Summit to be captivated on 13-14th May 2008 in Amman, Jordan on the affair ‘Financial Globalisation and Islamic Financial Services’.
The Summit will be captivated beneath the Royal Patronage of Her Majesty Queen Rania Al-Abdullah.
The accent of this Summit cannot be overstated. Its timing could not be added opportune. With added and added IFSB affiliate countries now acceding to the World Trade Organisation (WTO) provisions, including those apropos to banking bazaar liberalisation, and added cross-border opportunities accordingly emerging, it is important for regulators, bazaar players and added absorbed parties to familiarise themselves with how banking globalisation is impacting on Islamic banking services.
As such, the IFSB Summit will altercate pertinent capacity which include:
• Globalisation of Islamic Financial Services: Opportunities and Challenges. These cover Supply and Demand trends for Islamic Finance; Growth in Different Industry Segments; Potential Returns to addition and Specialised Technology; and Issue Relating to Legal Infrastructures, Regulation and Human Resources.
• Cross-border Capital Flows, including the Size and Patterns of such Flows, and the Role of Islamic Capital Markets in Facilitating such Flows.
• Key issues in Regional Integration of Islamic Financial Markets, including Islamic Capital Markets – Promotion and the Catalytic Role of Governments.
• Standardisation, Harmonisation, Mutual Recognition and Exchange Market Cooperation to Develop National Islamic Capital Markets and their Regional and Global Integration. These would cover Shari’ah Rulings; Contracts and Documentation; and Exchange Market Alliances.
• And The Way Forward in Financial Globalisation and Islamic Financial Services. These would cover the Development of National Islamic Financial Markets and the Priorities for Standard-setting Organisations.
This Summit has important implications in added aspects as well. International Monetary Fund studies in the accomplished accept apparent that Islamic finance, by its actual nature, may be in a stronger position to blemish the shocks of the all-around banking system. At a time if the accepted cyberbanking area is adverse a austere acclaim crisis afterward investments in subprime US apartment mortgage loans, which accept back collapsed, there may be even added clearing to Islamic banking casework in assertive countries, and added acquaint to be learnt for both banking systems.
In this respect, this Summit is acute aswell for all those complex and absorbed in Islamic banking casework – government departments and agencies; authoritative authorities, all-embracing agencies, bazaar players, investors, end-users, academics, affiliated casework such as appraisement agencies, law firms, accountants and auditing firms, consultants, and abreast lay people.
The IFSB is convening a accumulation of six governors of axial banks, top experts and practitioners in their corresponding fields to abode the Summit on the assorted capacity above. More data to this aftereffect will be appear in due course.
Further data of the Summit can be apparent at www.ifsbamman2008.com
This is one Summit which anyone complex and absorbed in Islamic banking casework cannot acquiesce to miss!
Siham Ismail
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext: 119
Islamic Financial Services Services
Kuala Lumpur, Malaysia
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 150 associates of the IFSB cover 37 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 108 bazaar players and able firms operating in 31 jurisdictions.
Islamic Financial Services Board (IFSB) - Seminar on Islamic Finance - Opportunities and Challenges in Hong Kong
January 15, 2008 - The Hong Kong Monetary Authority (HKMA) and the Islamic Financial Services Board (IFSB) accordingly organised the Seminar on Islamic Finance captivated today (15 January) to advance altercation of the development of an Islamic banking belvedere in Hong Kong.
The academy was able-bodied abounding by over 280 assembly including assembly from axial banks, banking regulators, arresting bartering bankers, bazaar professionals and acknowledged practitioners from Hong Kong and the region, and assembly from countries alfresco the arena including Dubai, Saudi Arabia, Kuwait, Bahrain and countries in Europe.
The Chief Executive of the HKMA, Mr Joseph Yam, said, “The accent of Islamic accounts is ascent in the all-around banking market. As an all-embracing banking centre, Hong Kong is dispatch up its efforts to advance its banking casework to above Islamic countries and regions, and developing an Islamic band market. The HKMA is actual blessed to plan with the IFSB to organise this seminar. It has provided an accomplished befalling for Hong Kong to accept added about the characteristics of Islamic finance.
The Secretary-General of the IFSB, Professor Rifaat Ahmed Abdel Karim, said, “The IFSB hopes that the all-around perspectives on Islamic accounts presented by the regulators and industry practitioners in the Seminar will accord to greater compassionate of Islamic accounts as a applicable anatomy of intermediation that promotes the advance of absolute bread-and-butter activities calm with amusing justice, as able-bodied as highlight the challenges, issues and opportunities in the addition of Islamic accounts in Hong Kong.”
He added that the IFSB, as an all-embracing organisation allowable to advance prudential standards for Islamic accounts has, to date, issued 5 standards accoutrement issues accompanying to basic adequacy, accident management, accumulated governance, authoritative analysis processes and accuracy and bazaar discipline. In ample terms, these 5 standards, taken together, may be beheld as the agnate of the three pillars of Basel II for the Islamic banking casework industry. They aim to abetment the authoritative and authoritative authorities as able-bodied as bazaar players to abode the specificities of risks in Islamic accounts in adjustment to ensure the acumen and adherence of the arrangement in which the industry operates.
Professor Rifaat delivered the aperture animadversion for the seminar, Her Excellency Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia (Central Bank of Malaysia) delivered the aperture and keynote abode and the Financial Secretary of Hong Kong, Mr John C Tsang, delivered the affable and keynote address.
On the aboriginal of the one-and-a-half day seminar, speakers with a advanced accomplishments and acquaintance in the Islamic banking acreage advised the opportunities and challenges adverse the Islamic banking casework industry. They discussed the operational and business structural issues for institutions adulatory to authorize an Islamic banking casework assemblage and the aggregation of the Islamic banking casework industry with the boilerplate banking casework industry.
The academy will abide tomorrow at the Hong Kong Monetary Authority, 56/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong.
Hong Kong Monetary Authority
Peggy Lo, Manager (Press), at 2878 1687 or
Hing-fung Wong, Officer (Press), at (852) 2878 1802
IFSB – www.ifsb.org
Ms. Siham Ismail – siham@ifsb.org / +603 2698 4248: 119
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was clearly inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 150 associates of the IFSB cover 37 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 108 bazaar players and able firms from 31 countries.
The academy was able-bodied abounding by over 280 assembly including assembly from axial banks, banking regulators, arresting bartering bankers, bazaar professionals and acknowledged practitioners from Hong Kong and the region, and assembly from countries alfresco the arena including Dubai, Saudi Arabia, Kuwait, Bahrain and countries in Europe.
The Chief Executive of the HKMA, Mr Joseph Yam, said, “The accent of Islamic accounts is ascent in the all-around banking market. As an all-embracing banking centre, Hong Kong is dispatch up its efforts to advance its banking casework to above Islamic countries and regions, and developing an Islamic band market. The HKMA is actual blessed to plan with the IFSB to organise this seminar. It has provided an accomplished befalling for Hong Kong to accept added about the characteristics of Islamic finance.
The Secretary-General of the IFSB, Professor Rifaat Ahmed Abdel Karim, said, “The IFSB hopes that the all-around perspectives on Islamic accounts presented by the regulators and industry practitioners in the Seminar will accord to greater compassionate of Islamic accounts as a applicable anatomy of intermediation that promotes the advance of absolute bread-and-butter activities calm with amusing justice, as able-bodied as highlight the challenges, issues and opportunities in the addition of Islamic accounts in Hong Kong.”
He added that the IFSB, as an all-embracing organisation allowable to advance prudential standards for Islamic accounts has, to date, issued 5 standards accoutrement issues accompanying to basic adequacy, accident management, accumulated governance, authoritative analysis processes and accuracy and bazaar discipline. In ample terms, these 5 standards, taken together, may be beheld as the agnate of the three pillars of Basel II for the Islamic banking casework industry. They aim to abetment the authoritative and authoritative authorities as able-bodied as bazaar players to abode the specificities of risks in Islamic accounts in adjustment to ensure the acumen and adherence of the arrangement in which the industry operates.
Professor Rifaat delivered the aperture animadversion for the seminar, Her Excellency Dr Zeti Akhtar Aziz, Governor of Bank Negara Malaysia (Central Bank of Malaysia) delivered the aperture and keynote abode and the Financial Secretary of Hong Kong, Mr John C Tsang, delivered the affable and keynote address.
On the aboriginal of the one-and-a-half day seminar, speakers with a advanced accomplishments and acquaintance in the Islamic banking acreage advised the opportunities and challenges adverse the Islamic banking casework industry. They discussed the operational and business structural issues for institutions adulatory to authorize an Islamic banking casework assemblage and the aggregation of the Islamic banking casework industry with the boilerplate banking casework industry.
The academy will abide tomorrow at the Hong Kong Monetary Authority, 56/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong.
Hong Kong Monetary Authority
Peggy Lo, Manager (Press), at 2878 1687 or
Hing-fung Wong, Officer (Press), at (852) 2878 1802
IFSB – www.ifsb.org
Ms. Siham Ismail – siham@ifsb.org / +603 2698 4248: 119
The Islamic Financial Services Board (IFSB), which is based in Kuala Lumpur, was clearly inaugurated on 3rd November 2002 and started operations on 10th March 2003. It serves as an international-standard ambience anatomy of authoritative and authoritative agencies that accept vested absorption in ensuring the acumen and adherence of the Islamic banking casework industry, which is authentic broadly to cover banking, basic bazaar and insurance. In advancing this mission, the IFSB promotes the development of a advisable and cellophane Islamic banking casework industry through introducing new, or adapting absolute all-embracing standards connected with Islamic Shari'ah principles, and acclaim them for adoption.
The 150 associates of the IFSB cover 37 authoritative and authoritative authorities as able-bodied as International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank, and 108 bazaar players and able firms from 31 countries.
Islamic Financial Services Board (IFSB) - Joint Seminar on Corporate Governance Issues in Islamic Finance
Kuala Lumpur, February 6, 2008 – The Islamic Financial Services Board, the World Bank Group Corporate Governance Department, and the IFC Global Corporate Governance Forum are organising a collective Seminar on Corporate Governance Issues in Islamic Finance. The two-day Seminar will be hosted in Manama by the Central Bank of Bahrain on March 11 to 12, 2008.
The Seminar aims to access acquaintance of accumulated babyminding issues in Islamic finance, including banking, insurance, and basic markets (particularly aggregate investment schemes), a allotment of banking regulators and bazaar participants. It will be structured about the accumulated babyminding standards that were developed by the Islamic Financial Services Board, with insights from authoritative officials, accumulated babyminding specialists from all-embracing multilateral agencies, and industry practitioners.
H.E. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, and Professor Rifaat Ahmed Abdel Karim, Secretary General of the Islamic Financial Services Board, will bear the aperture and affable remarks.
Peter Dey, Chairman of the Forum’s Private Sector Advisory Group, will bear a keynote abode on the Cross-Sectoral Approach against Good Governance. Dey served as administrator of the Toronto Stock Exchange Committee on Corporate Governance in Canada, which appear a address advantaged "Where Were the Directors?" (also accepted as the Dey Report) in December 1994. He will be abutting by 20 added speakers.
The Seminar’s capital objectives are to:
• Highlight accumulated babyminding issues specific to institutions that action Islamic banking casework and to advice regulators and bazaar participants advance their compassionate of these, abnormally as the Islamic banking casework industry continues to abound rapidly aural the all-around banking system.
• Provide stakeholders an befalling to barter angle and acquaintance about acceptable babyminding frameworks and best practices.
• Generate altercation and action recommendations about deepening and convalescent the accumulated babyminding of institutions that action Islamic banking services, in accordance with internationally acclimatized standards.
Those absorbed in accessory the academy can download the allotment anatomy from www.ifsb.org.
List of Confirmed Chairpersons and Speakers
1. H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain
2. Professor Rifaat Ahmed Abdel Karim, Secretary General, Islamic Financial Services Board
3. H.E. Dr. Anwar Khalifa. Al-Sadah, Deputy Governor, Central Bank of Bahrain
4. Peter Dey, Chairman of Paradigm Capital Inc. & GCGF Private Sector Advisory Group
former Head of Morgan Stanley Canada
former Chair of the Toronto Stock Exchange Committee on Corporate Governance
6. Professor Volker Nienhaus, President, Universität Marburg Germany & IFSB Consultant
7. Wafik Grais, Senior Advisor, Financial Strategies and Policies, the World Bank
8. Sebastian Molineus, ROSC Assessment and Policy Practice, Corporate Governance Dept., World Bank Group
9. Hiro Tsubota, Regional Financial Officer, Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region, the World Bank
10. Professor Samy Nathan, Professor of Accounting and Finance, New York Institute of Technology, Bahrain
11. Khalid Al-Bassam, Chairman, Bahrain Islamic Bank, Bahrain
12. Nada Abdelsater-Assamra, Board Member, the Lebanese Transparency Association, Lebanon
13. Sohail Jaffer, Partner, FWU Group, Luxembourg
14. Hamid Yunis, Partner, Taylor Wessing, UK
15. Ahmed Adil, Partner, Ernst & Young, Bahrain
16. Paul Lee, Director, Hermes Equity Ownership Service
17. Stilpon Nestor, Principal, Nestor Advisors Limited, UK
18. Madhukar Shenoy, Financial Services Partner, PricewaterhouseCoopers, Bahrain
19. Dr. Nasser H. Saidi, Executive Director, Hawkamah Institute for Corporate Governance, DIFC, UAE
20. Anne Simpson, International Corporate Governance Network, UK
21. Dr. Hamid Alamin Ahmed, General Manager, Al Rowad Financial Services, Sudan
22. Professor Simon Archer, Consultant, IFSB
23. Madzlan Mohamad Hussain, Senior Project Manager, IFSB
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Tel: + 603 2698 4248
Email: siham@ifsb.org
URL: www.ifsb.org
The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors. The standards able by the IFSB chase a diffuse due action as categorical in its Guidelines and Procedures for the Preparation of Standards/Guidelines, which involves, a allotment of others, the arising of acknowledgment drafts, captivation of workshops and, area necessary, accessible hearings. The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
The Seminar aims to access acquaintance of accumulated babyminding issues in Islamic finance, including banking, insurance, and basic markets (particularly aggregate investment schemes), a allotment of banking regulators and bazaar participants. It will be structured about the accumulated babyminding standards that were developed by the Islamic Financial Services Board, with insights from authoritative officials, accumulated babyminding specialists from all-embracing multilateral agencies, and industry practitioners.
H.E. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, and Professor Rifaat Ahmed Abdel Karim, Secretary General of the Islamic Financial Services Board, will bear the aperture and affable remarks.
Peter Dey, Chairman of the Forum’s Private Sector Advisory Group, will bear a keynote abode on the Cross-Sectoral Approach against Good Governance. Dey served as administrator of the Toronto Stock Exchange Committee on Corporate Governance in Canada, which appear a address advantaged "Where Were the Directors?" (also accepted as the Dey Report) in December 1994. He will be abutting by 20 added speakers.
The Seminar’s capital objectives are to:
• Highlight accumulated babyminding issues specific to institutions that action Islamic banking casework and to advice regulators and bazaar participants advance their compassionate of these, abnormally as the Islamic banking casework industry continues to abound rapidly aural the all-around banking system.
• Provide stakeholders an befalling to barter angle and acquaintance about acceptable babyminding frameworks and best practices.
• Generate altercation and action recommendations about deepening and convalescent the accumulated babyminding of institutions that action Islamic banking services, in accordance with internationally acclimatized standards.
Those absorbed in accessory the academy can download the allotment anatomy from www.ifsb.org.
List of Confirmed Chairpersons and Speakers
1. H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain
2. Professor Rifaat Ahmed Abdel Karim, Secretary General, Islamic Financial Services Board
3. H.E. Dr. Anwar Khalifa. Al-Sadah, Deputy Governor, Central Bank of Bahrain
4. Peter Dey, Chairman of Paradigm Capital Inc. & GCGF Private Sector Advisory Group
former Head of Morgan Stanley Canada
former Chair of the Toronto Stock Exchange Committee on Corporate Governance
6. Professor Volker Nienhaus, President, Universität Marburg Germany & IFSB Consultant
7. Wafik Grais, Senior Advisor, Financial Strategies and Policies, the World Bank
8. Sebastian Molineus, ROSC Assessment and Policy Practice, Corporate Governance Dept., World Bank Group
9. Hiro Tsubota, Regional Financial Officer, Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region, the World Bank
10. Professor Samy Nathan, Professor of Accounting and Finance, New York Institute of Technology, Bahrain
11. Khalid Al-Bassam, Chairman, Bahrain Islamic Bank, Bahrain
12. Nada Abdelsater-Assamra, Board Member, the Lebanese Transparency Association, Lebanon
13. Sohail Jaffer, Partner, FWU Group, Luxembourg
14. Hamid Yunis, Partner, Taylor Wessing, UK
15. Ahmed Adil, Partner, Ernst & Young, Bahrain
16. Paul Lee, Director, Hermes Equity Ownership Service
17. Stilpon Nestor, Principal, Nestor Advisors Limited, UK
18. Madhukar Shenoy, Financial Services Partner, PricewaterhouseCoopers, Bahrain
19. Dr. Nasser H. Saidi, Executive Director, Hawkamah Institute for Corporate Governance, DIFC, UAE
20. Anne Simpson, International Corporate Governance Network, UK
21. Dr. Hamid Alamin Ahmed, General Manager, Al Rowad Financial Services, Sudan
22. Professor Simon Archer, Consultant, IFSB
23. Madzlan Mohamad Hussain, Senior Project Manager, IFSB
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Tel: + 603 2698 4248
Email: siham@ifsb.org
URL: www.ifsb.org
The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors. The standards able by the IFSB chase a diffuse due action as categorical in its Guidelines and Procedures for the Preparation of Standards/Guidelines, which involves, a allotment of others, the arising of acknowledgment drafts, captivation of workshops and, area necessary, accessible hearings. The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
MEGA Events - The World Islamic Banking Conference to be captivated in London
EURO WIBCStore this angel in big sizeBahrain Financial Services Development appear as
Jurisdiction Partner at
The 1st Annual World Islamic Banking Conference: European Summit
The 1st Annual World Islamic Banking Conference: European Summit (Euro WIBC) will be launched in London on 8th July 2008.
Over the accomplished 15 years the World Islamic Banking Conference (WIBC) captivated annually in the Kingdom of Bahrain) has durably accustomed itself as the better and a lot of important acquisition of its affectionate in the apple alluring added than1,000 industry leaders and Delegates from over 35 countries. With the Islamic accounts industry continuing to acquaintance amazing growth, abnormally in new all-embracing markets, it was a analytic move to host a European focused event.
David McLean, the Managing Director of MEGA, the owners of the WIBC brand, commented: “the London appointment will accompaniment the objectives of the apple accident captivated annually in Bahrain, and will accommodate a able belvedere for industry leaders gluttonous to advantage their attendance in the dynamically evolving European markets for Islamic finance. Building on WIBC’s decade and a bisected of tracking the developments and abstraction the trends in the all-around Islamic cyberbanking and accounts industry, Euro WIBC 2008 will affection astute debates on the abundant issues adverse the industry.”
Bahrain Financial Services Development (BFSD) has appear its cardinal affiliation with Euro WIBC. BFSD provides a individual point of acquaintance for all-embracing banking institutions analytic to body their abject in the region.
Jane Dellar, the Managing Director of BFSD, addendum that: “Bahrain has accustomed a able administration position as a all-around hub for all-embracing Islamic banking institutions and there is abundant that can be abstruse from Bahrain’s world-class authoritative ambiance in agreement of added advancing the all-embracing development of the industry. It is in this spirit that BFSD is captivated to be the Jurisdiction Partner of the 1st Annual Euro WIBC in London.”
With above initiatives already able-bodied underway to authorize London as a key European centre for Islamic finance, Euro WIBC 2008 will accommodate a different befalling to appoint those leaders who are currently abstraction the all-embracing opportunities for Islamic banking, and accretion new insights into the absurd all-around advance adventure of Islamic banking
Some of the key capacity to be addressed at the appointment will cover analytical issues adverse the European Islamic banking markets, assessing the dynamically developing authoritative environments, establishing opportunities for the above all-embracing players from the Middle East and Asia who are now absorption on rapidly arising advance affairs for Islamic accounts in Europe and anecdotic the angle for new institutions based in the UK and Europe. In addition, Euro WIBC will accommodate a different belvedere for the industry to allotment acquaintance from accustomed centres for Islamic accounts such as the Middle East and South East Asia.
More than 400 all-embracing assembly are accepted to appear the countdown Euro WIBC to be captivated at the Sheraton Park Lane in London on the 8th of July 2008.
-ENDS-E
MEGA is the bazaar arch business advice close focused on accomplishing business after-effects for the all-around Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
MEGA BRANDS. MEGA CLIENTS. MARKET LEADERS.
For media advice contact
Sharon Pereira and Shady Nasseraldeen or email on:
sharon@matrixdubai.com and shady@matrixdubai.com
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Jurisdiction Partner at
The 1st Annual World Islamic Banking Conference: European Summit
The 1st Annual World Islamic Banking Conference: European Summit (Euro WIBC) will be launched in London on 8th July 2008.
Over the accomplished 15 years the World Islamic Banking Conference (WIBC) captivated annually in the Kingdom of Bahrain) has durably accustomed itself as the better and a lot of important acquisition of its affectionate in the apple alluring added than1,000 industry leaders and Delegates from over 35 countries. With the Islamic accounts industry continuing to acquaintance amazing growth, abnormally in new all-embracing markets, it was a analytic move to host a European focused event.
David McLean, the Managing Director of MEGA, the owners of the WIBC brand, commented: “the London appointment will accompaniment the objectives of the apple accident captivated annually in Bahrain, and will accommodate a able belvedere for industry leaders gluttonous to advantage their attendance in the dynamically evolving European markets for Islamic finance. Building on WIBC’s decade and a bisected of tracking the developments and abstraction the trends in the all-around Islamic cyberbanking and accounts industry, Euro WIBC 2008 will affection astute debates on the abundant issues adverse the industry.”
Bahrain Financial Services Development (BFSD) has appear its cardinal affiliation with Euro WIBC. BFSD provides a individual point of acquaintance for all-embracing banking institutions analytic to body their abject in the region.
Jane Dellar, the Managing Director of BFSD, addendum that: “Bahrain has accustomed a able administration position as a all-around hub for all-embracing Islamic banking institutions and there is abundant that can be abstruse from Bahrain’s world-class authoritative ambiance in agreement of added advancing the all-embracing development of the industry. It is in this spirit that BFSD is captivated to be the Jurisdiction Partner of the 1st Annual Euro WIBC in London.”
With above initiatives already able-bodied underway to authorize London as a key European centre for Islamic finance, Euro WIBC 2008 will accommodate a different befalling to appoint those leaders who are currently abstraction the all-embracing opportunities for Islamic banking, and accretion new insights into the absurd all-around advance adventure of Islamic banking
Some of the key capacity to be addressed at the appointment will cover analytical issues adverse the European Islamic banking markets, assessing the dynamically developing authoritative environments, establishing opportunities for the above all-embracing players from the Middle East and Asia who are now absorption on rapidly arising advance affairs for Islamic accounts in Europe and anecdotic the angle for new institutions based in the UK and Europe. In addition, Euro WIBC will accommodate a different belvedere for the industry to allotment acquaintance from accustomed centres for Islamic accounts such as the Middle East and South East Asia.
More than 400 all-embracing assembly are accepted to appear the countdown Euro WIBC to be captivated at the Sheraton Park Lane in London on the 8th of July 2008.
-ENDS-E
MEGA is the bazaar arch business advice close focused on accomplishing business after-effects for the all-around Islamic cyberbanking & accounts industry back 1993. The portfolio of MEGA brands represents the battleground industry conferences and our audience are the arch players in the all-embracing banking markets.
MEGA BRANDS. MEGA CLIENTS. MARKET LEADERS.
For media advice contact
Sharon Pereira and Shady Nasseraldeen or email on:
sharon@matrixdubai.com and shady@matrixdubai.com
Matrix Public Relations is an absolute accessible address consultancy based in Dubai, the activating bartering and media centre of the Gulf.
We specialise in accouterment PR admonition and casework to advice our audience enhance their casting disinterestedness and accumulated acceptability in the region. By marrying all-embracing PR ability with acute bounded ability we are able to plan and apparatus cardinal communications initiatives that absolutely accomplish a difference.
Islamic Financial Services Board (IFSB) - Top Regulators and International Experts to Address IFSB Amman Summit on Financial Globalisation
Sir Howard Davies to bear the Summit's Gala Dinner Keynote SpeechStore this angel in big sizeKuala Lumpur, 28 February 2008 - Central Bank Governors from seven affiliate countries of the Islamic Financial Services Board (IFSB) will participate in the 5th Annual Islamic Financial Services Board Summit which is appointed to be captivated on 13-14th May 2008 at the Intercontinental Hotel in Amman, Jordan beneath the Royal Patronage of Her Majesty Queen Rania Al-Abdullah and on the affair ‘Financial Globalisation and Islamic Financial Services’.
The anniversary IFSB Summit is the individual better absorption of top banking regulators from the IFSB affiliate countries partaking in a above industry-led event. The accent of this 5th Summit cannot be abstract abnormally in an ambiguous all-embracing banking altitude as accent by the accepted all-around acclaim crunch.
The Kuala Lumpur-based IFSB, accustomed in November 2002, is the world’s transnational standard-setting organisation whose authorization is to advance and enhance the acumen and adherence of the Islamic banking casework industry by arising prudential and authoritative standards and allegorical attempt for the all-around Islamic accounts industry, broadly authentic to cover banking, basic markets and allowance sectors.
The Secretary-General of the IFSB, Professor Rifaat Ahmed Abdel Karim, is assured that the all-around perspectives on Islamic accounts presented by the regulators and industry practitioners will accord to greater compassionate of Islamic accounts as a applicable anatomy of intermediation that promotes the advance of absolute bread-and-butter activities calm with amusing justice, as able-bodied as highlight the challenges, issues and opportunities in the addition of Islamic accounts in assorted markets.
Leading the assembly of cyberbanking regulators to Amman is Dr Shamshad Akhtar, Governor of the State Bank of Pakistan and IFSB Chairperson for 2008, as able-bodied as the Summit host Dr Umayya Toukan, Governor of Jordan’s axial bank.
They will be abutting by Rasheed Al-Maraj, Governor of the Central Bank of Bahrain: Dr Tahmasb Mazaheri, Governor of the Central Bank of Iran; Dr Zeti Akhtar Aziz, Governor Bank Negara Malaysia, Heng Swee Keat, Managing Director, Monetary Authority of Singapore; Dr Sabir Mohammed Hassan, Governor of the Central Bank of Sudan; and Dato’ Zarinah Anwar, Chairman of the Securities Commission of Malaysia.
Other accepted speakers from above all-embracing agencies cover Stefan Walter, Secretary General, Basel Committee on Banking Supervision, the standard-setting anatomy for the all-around cyberbanking system; Ian Ball, the Chief Executive Officer of the International Federation of Accountants; Michael U Klein, Vice President, Finance & Private Sector Development, The World Bank; Eddie Yue, Deputy Chief Executive Director, Hong Kong Monetary Authority; and Tadashi Maeda, Director General, Energy & Natural Resources Finance Department, Japan Bank for International Cooperation.
Sir Howard Davies, Director of the London School of Economics (LSE) will be carrying the Summit’s Gala Dinner Keynote Speech. Sir Howard was the Chairman of the Financial Services Authority, UK (1997-2003), the individual regulator for the UK banking sector, which was created beneath his administration from nine abstracted authoritative agencies. He has served in assorted capacities in the British government casework on both the civic and all-embracing fronts including accepting the Deputy Governor of the Bank of England.
Professor Dr Volker Nienhaus, President of the University of Marburg in Germany, will aswell abode the Summit. Dr Nienhaus was one of the aboriginal Western academics complex in austere analysis into Islamic accounts way aback in the 1980s and aboriginal 1990s. He has appear several acute online autograph and affidavit on assorted aspects of Islamic accounts including its appulse and abeyant on ability mobilisation and development.
Private area participants are led by Nabeel Shoaib, the new Global Head of HSBC Amanah, the Islamic accounts analysis of the HSBC Group; Cesare Calari, Managing Director of Wolfenson & Company and above Vice President of the World Bank; Jamelah Jamaluddin, Chief Executive Officer of RHB Islamic Bank in Malaysia; Charles Proctor, Partner, Bird & Bird, UK; and Peter Burnett, Executive Chairman, Investment Banking Middle East and Co-Head, Investment Banking Asia at UBS AG.
The accelerated advance of Islamic accounts and the globalisation of Islamic banking articles in the endure few years above the acceptable markets in the Muslim apple to North America, the UK, Continental Europe, and Asia, has apparent a astounding absorption in Shariah-compliant articles both by investors and artefact providers. This absorption has been added fuelled by the estimated US$1.2 abundance of clandestine clamminess in the Middle East countries, an accretion allotment of which is believed to be award a home in the Islamic accounts space.
The IFSB Summit will altercate assorted appropriate capacity which include: ‘Globalisation of Islamic Financial Services: Opportunities and Challenges’; ‘Cross-border Capital Flows, including the Size and Patterns of such Flows, and the Role of Islamic Capital Markets in Facilitating such Flows’; ‘Key issues in Regional Integration of Islamic Financial Markets, including Islamic Capital Markets – Promotion and the Catalytic Role of Governments’; ‘Standardisation, Harmonisation, Mutual Recognition and Exchange Market Cooperation to Develop National Islamic Capital Markets and their Regional and Global Integration.’; and The Way Forward in Financial Globalisation and Islamic Financial Services.
The IFSB Summit is a must-attend for all those complex and absorbed in Islamic banking casework – government departments and agencies; authoritative authorities, all-embracing agencies, bazaar players, investors, end-users, academics, affiliated casework such as appraisement agencies, law firms, accountants and auditing firms, consultants, and abreast lay people.
This is one Summit which anyone complex and absorbed in Islamic banking casework cannot acquiesce to miss. It aswell offers a different befalling to collaborate with those who are amenable for ambience Islamic accounts authoritative and authoritative behavior in key markets and to arrangement with key practitioners and professionals, and added players!
Please appointment the Summit website www.ifsbamman2008.com for abounding details.
For added advice about the Summit, amuse contact:
Ms Farrah Aris
Email: farrah@ifsb.org
Tel: + 603 2698 4248 ext 116
Fax: + 603 2698 4280
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur - Malaysia
Tel: + 603 2698 4248 ext 119
Email: siham@ifsb.org
The Islamic Financial Services Board (IFSB) is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.
The IFSB currently has 150 associates absolute 37 banking, balance and allowance authoritative and authoritative authorities, 5 all-embracing inter-governmental organisations and 108 bazaar players and able firms from over 31 jurisdictions.
To date, 5 standards accept been issued accoutrement issues accompanying to basic adequacy, accident management, accumulated governance, authoritative analysis action and accuracy and bazaar discipline. These standards, taken together, abundantly represent the agnate of the three pillars of Basel II for Islamic finance, demography into anniversary the different accident characteristics of Islamic banking services, as able-bodied as acclamation accumulated finance. The standards able by the IFSB chase a diffuse due action as categorical in its Guidelines and Procedures for the Preparation of Standards/Guidelines, which involves, a allotment of others, the arising of acknowledgment drafts, captivation of workshops and, area necessary, accessible hearings.
The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
For added advice about the IFSB, amuse appointment www.ifsb.org
The anniversary IFSB Summit is the individual better absorption of top banking regulators from the IFSB affiliate countries partaking in a above industry-led event. The accent of this 5th Summit cannot be abstract abnormally in an ambiguous all-embracing banking altitude as accent by the accepted all-around acclaim crunch.
The Kuala Lumpur-based IFSB, accustomed in November 2002, is the world’s transnational standard-setting organisation whose authorization is to advance and enhance the acumen and adherence of the Islamic banking casework industry by arising prudential and authoritative standards and allegorical attempt for the all-around Islamic accounts industry, broadly authentic to cover banking, basic markets and allowance sectors.
The Secretary-General of the IFSB, Professor Rifaat Ahmed Abdel Karim, is assured that the all-around perspectives on Islamic accounts presented by the regulators and industry practitioners will accord to greater compassionate of Islamic accounts as a applicable anatomy of intermediation that promotes the advance of absolute bread-and-butter activities calm with amusing justice, as able-bodied as highlight the challenges, issues and opportunities in the addition of Islamic accounts in assorted markets.
Leading the assembly of cyberbanking regulators to Amman is Dr Shamshad Akhtar, Governor of the State Bank of Pakistan and IFSB Chairperson for 2008, as able-bodied as the Summit host Dr Umayya Toukan, Governor of Jordan’s axial bank.
They will be abutting by Rasheed Al-Maraj, Governor of the Central Bank of Bahrain: Dr Tahmasb Mazaheri, Governor of the Central Bank of Iran; Dr Zeti Akhtar Aziz, Governor Bank Negara Malaysia, Heng Swee Keat, Managing Director, Monetary Authority of Singapore; Dr Sabir Mohammed Hassan, Governor of the Central Bank of Sudan; and Dato’ Zarinah Anwar, Chairman of the Securities Commission of Malaysia.
Other accepted speakers from above all-embracing agencies cover Stefan Walter, Secretary General, Basel Committee on Banking Supervision, the standard-setting anatomy for the all-around cyberbanking system; Ian Ball, the Chief Executive Officer of the International Federation of Accountants; Michael U Klein, Vice President, Finance & Private Sector Development, The World Bank; Eddie Yue, Deputy Chief Executive Director, Hong Kong Monetary Authority; and Tadashi Maeda, Director General, Energy & Natural Resources Finance Department, Japan Bank for International Cooperation.
Sir Howard Davies, Director of the London School of Economics (LSE) will be carrying the Summit’s Gala Dinner Keynote Speech. Sir Howard was the Chairman of the Financial Services Authority, UK (1997-2003), the individual regulator for the UK banking sector, which was created beneath his administration from nine abstracted authoritative agencies. He has served in assorted capacities in the British government casework on both the civic and all-embracing fronts including accepting the Deputy Governor of the Bank of England.
Professor Dr Volker Nienhaus, President of the University of Marburg in Germany, will aswell abode the Summit. Dr Nienhaus was one of the aboriginal Western academics complex in austere analysis into Islamic accounts way aback in the 1980s and aboriginal 1990s. He has appear several acute online autograph and affidavit on assorted aspects of Islamic accounts including its appulse and abeyant on ability mobilisation and development.
Private area participants are led by Nabeel Shoaib, the new Global Head of HSBC Amanah, the Islamic accounts analysis of the HSBC Group; Cesare Calari, Managing Director of Wolfenson & Company and above Vice President of the World Bank; Jamelah Jamaluddin, Chief Executive Officer of RHB Islamic Bank in Malaysia; Charles Proctor, Partner, Bird & Bird, UK; and Peter Burnett, Executive Chairman, Investment Banking Middle East and Co-Head, Investment Banking Asia at UBS AG.
The accelerated advance of Islamic accounts and the globalisation of Islamic banking articles in the endure few years above the acceptable markets in the Muslim apple to North America, the UK, Continental Europe, and Asia, has apparent a astounding absorption in Shariah-compliant articles both by investors and artefact providers. This absorption has been added fuelled by the estimated US$1.2 abundance of clandestine clamminess in the Middle East countries, an accretion allotment of which is believed to be award a home in the Islamic accounts space.
The IFSB Summit will altercate assorted appropriate capacity which include: ‘Globalisation of Islamic Financial Services: Opportunities and Challenges’; ‘Cross-border Capital Flows, including the Size and Patterns of such Flows, and the Role of Islamic Capital Markets in Facilitating such Flows’; ‘Key issues in Regional Integration of Islamic Financial Markets, including Islamic Capital Markets – Promotion and the Catalytic Role of Governments’; ‘Standardisation, Harmonisation, Mutual Recognition and Exchange Market Cooperation to Develop National Islamic Capital Markets and their Regional and Global Integration.’; and The Way Forward in Financial Globalisation and Islamic Financial Services.
The IFSB Summit is a must-attend for all those complex and absorbed in Islamic banking casework – government departments and agencies; authoritative authorities, all-embracing agencies, bazaar players, investors, end-users, academics, affiliated casework such as appraisement agencies, law firms, accountants and auditing firms, consultants, and abreast lay people.
This is one Summit which anyone complex and absorbed in Islamic banking casework cannot acquiesce to miss. It aswell offers a different befalling to collaborate with those who are amenable for ambience Islamic accounts authoritative and authoritative behavior in key markets and to arrangement with key practitioners and professionals, and added players!
Please appointment the Summit website www.ifsbamman2008.com for abounding details.
For added advice about the Summit, amuse contact:
Ms Farrah Aris
Email: farrah@ifsb.org
Tel: + 603 2698 4248 ext 116
Fax: + 603 2698 4280
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur - Malaysia
Tel: + 603 2698 4248 ext 119
Email: siham@ifsb.org
The Islamic Financial Services Board (IFSB) is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.
The IFSB currently has 150 associates absolute 37 banking, balance and allowance authoritative and authoritative authorities, 5 all-embracing inter-governmental organisations and 108 bazaar players and able firms from over 31 jurisdictions.
To date, 5 standards accept been issued accoutrement issues accompanying to basic adequacy, accident management, accumulated governance, authoritative analysis action and accuracy and bazaar discipline. These standards, taken together, abundantly represent the agnate of the three pillars of Basel II for Islamic finance, demography into anniversary the different accident characteristics of Islamic banking services, as able-bodied as acclamation accumulated finance. The standards able by the IFSB chase a diffuse due action as categorical in its Guidelines and Procedures for the Preparation of Standards/Guidelines, which involves, a allotment of others, the arising of acknowledgment drafts, captivation of workshops and, area necessary, accessible hearings.
The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
For added advice about the IFSB, amuse appointment www.ifsb.org
Zeus Capital Advisers - Inaugural Islamic Finance Seminar in Chicago Attracts Key Industry Leaders
Industry experts, bookish advisers and associates of the accepted accessible abounding Chicago’s aboriginal appointment on Islamic finance, captivated on Thursday, March 13. Hosted by DePaul University’s College of Commerce, “The Islamic Finance Seminar: Opportunities for Growth in the Modern Financial Age” explored a array of capacity including Sharia-compliant banking and investment cars for both consumers and institutions.
“Chicago has bound become a focal point in the Islamic accounts sector,” said Fawad Butt, architect and managing accomplice at Zeus Capital Advisers. “The academy was an outstanding befalling to accumulate abounding of assumption players in the industry, and altercate the successes, challenges and opportunities in Islamic finance”
Organized by Zeus Capital Advisers and the Institute for Social Policy and Understanding (ISPU), the academy helped armamentarium ISPU’s “Muslim Wealth Project.” The abstraction will accommodate added advice and acumen on Muslim affairs by analytical the blazon of purchases they make, accommodating donations, banking investments, retirement planning, and acreage ownership. The abstraction will aswell attack to admeasurement the appeal and acceptance of Sharia-compliant banking products. Participants will be asked to specify the a lot of bare and adorable Sharia adjustable articles and casework bare in the U.S bazaar abode today.
“The ‘Muslim Wealth Project’ will advice associates of our community, as able-bodied as the businesses that serve them,” said Fakhia Rashid, administrator of development for ISPU. “This advice is analytical the Islamic accounts association to accept their consumers, and ultimately, accommodate bigger and bigger articles and casework for them.”
According to Karen Hunt, assistant and architect of the Islamic accounts chic at DePaul University, the Islamic accounts industry currently has assets in the ambit of $500 to $800 billion. Hunt expects this amount to amateur by 2015, and ability about $3 trillion.
Panelists at the academy included: Fawad Butt, Zeus Capital Advisers; Fakhia Rashid, ISPU; Karen Hunt; DePaul University; Salman Ibrahim, SunRise Development; Omer Ahmed; Abaris Capital Advisers; Amjad Quadri, University Bank; David Loundry, Devon Bank; Nasser Nubani, Zayan Finance; Junaid Afeef, Zayan Finance; Tariq Al-Rifai, UIB Capital, Inc.; Bradley P. Summers, Merrill Lynch; Mushtaq Hussain, Saturna Capital Corp.; and Yusuf Hai, CIG Corp.
For added advice on ISPU and advocacy opportunities for the “Muslim Wealth Project,” amuse acquaintance Fakhia Rashid at frashid@ispu.org or by buzz at (847) 962-9077. You can appointment ISPU on the Internet at www.ispu.org. For added advice on Zeus Capital Advisers, appointment www.zeuscapitaladvisers.com or e-mail Fawad Butt at fawad@zeuscapitaladvisers.com.
* * *
Zeus Capital Advisers
200 S. Wacker Dr.
Suite 3100
Chicago, IL 60606
www.zeuscapitaladvisers.com
Fawad Butt
312 244 3714
About The Institute for Social Policy and Understanding
The Institute for Social Policy and Understanding (ISPU) is different in its adeptness to accompany an addition access to animal and amusing problems. ISPU provides cutting-edge appraisal and action solutions through publications, accessible events, media commentary, and association research. This multidisciplinary approach, in affiliation with universities and added analysis institutes, serves to body compassionate and actualize programs that aftereffect abiding amusing change.
About Zeus Capital Advisers
Zeus Capital Advisers is a administration and action consulting alignment focused on accouterment casework to institutions on all aspects of Islamic finance, Islamic cyberbanking and Real Estate. ZCA is the alone alignment in the U.S. that can accommodate end to end Islamic banking solutions to its customers. Our tailored band-aid sets cover artefact development, case charter/creation consulting and acceptance to a portfolio of approved and activated Sharia adjustable banking products.
“Chicago has bound become a focal point in the Islamic accounts sector,” said Fawad Butt, architect and managing accomplice at Zeus Capital Advisers. “The academy was an outstanding befalling to accumulate abounding of assumption players in the industry, and altercate the successes, challenges and opportunities in Islamic finance”
Organized by Zeus Capital Advisers and the Institute for Social Policy and Understanding (ISPU), the academy helped armamentarium ISPU’s “Muslim Wealth Project.” The abstraction will accommodate added advice and acumen on Muslim affairs by analytical the blazon of purchases they make, accommodating donations, banking investments, retirement planning, and acreage ownership. The abstraction will aswell attack to admeasurement the appeal and acceptance of Sharia-compliant banking products. Participants will be asked to specify the a lot of bare and adorable Sharia adjustable articles and casework bare in the U.S bazaar abode today.
“The ‘Muslim Wealth Project’ will advice associates of our community, as able-bodied as the businesses that serve them,” said Fakhia Rashid, administrator of development for ISPU. “This advice is analytical the Islamic accounts association to accept their consumers, and ultimately, accommodate bigger and bigger articles and casework for them.”
According to Karen Hunt, assistant and architect of the Islamic accounts chic at DePaul University, the Islamic accounts industry currently has assets in the ambit of $500 to $800 billion. Hunt expects this amount to amateur by 2015, and ability about $3 trillion.
Panelists at the academy included: Fawad Butt, Zeus Capital Advisers; Fakhia Rashid, ISPU; Karen Hunt; DePaul University; Salman Ibrahim, SunRise Development; Omer Ahmed; Abaris Capital Advisers; Amjad Quadri, University Bank; David Loundry, Devon Bank; Nasser Nubani, Zayan Finance; Junaid Afeef, Zayan Finance; Tariq Al-Rifai, UIB Capital, Inc.; Bradley P. Summers, Merrill Lynch; Mushtaq Hussain, Saturna Capital Corp.; and Yusuf Hai, CIG Corp.
For added advice on ISPU and advocacy opportunities for the “Muslim Wealth Project,” amuse acquaintance Fakhia Rashid at frashid@ispu.org or by buzz at (847) 962-9077. You can appointment ISPU on the Internet at www.ispu.org. For added advice on Zeus Capital Advisers, appointment www.zeuscapitaladvisers.com or e-mail Fawad Butt at fawad@zeuscapitaladvisers.com.
* * *
Zeus Capital Advisers
200 S. Wacker Dr.
Suite 3100
Chicago, IL 60606
www.zeuscapitaladvisers.com
Fawad Butt
312 244 3714
About The Institute for Social Policy and Understanding
The Institute for Social Policy and Understanding (ISPU) is different in its adeptness to accompany an addition access to animal and amusing problems. ISPU provides cutting-edge appraisal and action solutions through publications, accessible events, media commentary, and association research. This multidisciplinary approach, in affiliation with universities and added analysis institutes, serves to body compassionate and actualize programs that aftereffect abiding amusing change.
About Zeus Capital Advisers
Zeus Capital Advisers is a administration and action consulting alignment focused on accouterment casework to institutions on all aspects of Islamic finance, Islamic cyberbanking and Real Estate. ZCA is the alone alignment in the U.S. that can accommodate end to end Islamic banking solutions to its customers. Our tailored band-aid sets cover artefact development, case charter/creation consulting and acceptance to a portfolio of approved and activated Sharia adjustable banking products.
Islamic Financial Services Board (IFSB) - IFC-IFSB Seminar Participants Discuss Governance Issues for Institutions Offering Islamic Financial Services
Kuala Lumpur/Washington, D.C., March 28, 2008—The IFC Global Corporate Governance Forum, the Islamic Financial Services Board, and the World Bank Group Corporate Governance Department afresh organised a academy in Manama, Bahrain, to access acquaintance of accumulated babyminding issues in Islamic finance. The Central Bank of Bahrain hosted the academy on March 11 and 12, 2008.
Participants included added than 60 chief bankers from Bahrain, added Gulf Cooperation Council countries, Indonesia, Malaysia, and Sudan. Topics focused on banking, insurance, and basic markets—particularly aggregate investment schemes.
Peter Dey, Chairman of the Forum’s Private Sector Advisory Group, emphasised the affiliation amid acceptable accumulated babyminding and able activity of the economy. He aswell addressed the capital challenges in accumulated babyminding and suggestions on how to affected them. Participants’ discussions focused on accumulated babyminding standards that accept been developed by IFSB, with insights provided by authoritative officials, accumulated babyminding specialists at all-embracing multilateral agencies, and industry practitioners.
Professor Rifaat Ahmed Abdel Karim, Secretary General of IFSB, said, “We recognise the challenges of acceptable governance, and accept appropriately able several principle-based accumulated babyminding guidelines, accoutrement institutions that action Islamic banking casework as able-bodied as Islamic aggregate investment schemes. We are aswell developing accumulated babyminding guidelines for takāful operations and Sharī`ah governance. We assurance these guidelines will brainwash able babyminding in Islamic banking casework and accord to aplomb and banking adherence in the industry.”
"The IFSB has drafted a alternation of attempt on Islamic finance. This accident was advised to accession acquaintance of these issues and to advanced discussions on adapted modalities for ensuring acceptable governance," said Eugene Spiro, Senior Projects Officer of the IFC Global Corporate Governance Forum.
This was the aboriginal collective academy that IFSB, the World Bank Group, and the IFC Global Corporate Governance Forum accept tailored to accumulated babyminding convenance and accompanying bounded issues. The academy admiring bounded and all-embracing experts’ absorption to key issues that will be addressed traveling forward.
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Tel: + 603 2698 4248 ext: 119
Fax: + 603 2698 4280
About IFC
IFC, a affiliate of the World Bank Group, fosters acceptable bread-and-butter advance in developing countries by costs clandestine area investment, mobilising clandestine basic in bounded and all-embracing banking markets, and accouterment advising and accident acknowledgment casework to businesses and governments. IFC’s eyes is that humans should accept the befalling to escape abjection and advance their lives. In FY07, IFC committed $8.2 billion and mobilised an added $3.9 billion through syndications and structured accounts for 299 investments in 69 developing countries. IFC aswell provided advising casework in 97 countries. For added information, appointment www.ifc.org.
The IFC Global Corporate Governance Forum is an IFC multidonor assurance armamentarium facility. It was cofounded by the World Bank and the OECD in 1999. Through its activities, the appointment aims to advance the clandestine area as an engine of growth, abate the vulnerability of developing and alteration economies to banking crisis, and accommodate incentives for corporations to advance and accomplish calmly in a socially amenable manner. It sponsors bounded and bounded initiatives that abode the accumulated babyminding weaknesses of middle- and low-income countries in the ambience of broader civic or bounded bread-and-butter ameliorate programs. Its donors cover IFC and the governments of Canada, France, Luxembourg, the Netherlands, Norway, Sweden, and Switzerland. For added information, appointment www.gcgf.org.
About the Islamic Financial Services Board
IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets, and allowance sectors. IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars, and conferences for regulators and industry stakeholders. IFSB works carefully with accordant international, regional, and civic organisations; analysis and educational institutions; and bazaar players. For added information, appointment www.ifsb.org.
Participants included added than 60 chief bankers from Bahrain, added Gulf Cooperation Council countries, Indonesia, Malaysia, and Sudan. Topics focused on banking, insurance, and basic markets—particularly aggregate investment schemes.
Peter Dey, Chairman of the Forum’s Private Sector Advisory Group, emphasised the affiliation amid acceptable accumulated babyminding and able activity of the economy. He aswell addressed the capital challenges in accumulated babyminding and suggestions on how to affected them. Participants’ discussions focused on accumulated babyminding standards that accept been developed by IFSB, with insights provided by authoritative officials, accumulated babyminding specialists at all-embracing multilateral agencies, and industry practitioners.
Professor Rifaat Ahmed Abdel Karim, Secretary General of IFSB, said, “We recognise the challenges of acceptable governance, and accept appropriately able several principle-based accumulated babyminding guidelines, accoutrement institutions that action Islamic banking casework as able-bodied as Islamic aggregate investment schemes. We are aswell developing accumulated babyminding guidelines for takāful operations and Sharī`ah governance. We assurance these guidelines will brainwash able babyminding in Islamic banking casework and accord to aplomb and banking adherence in the industry.”
"The IFSB has drafted a alternation of attempt on Islamic finance. This accident was advised to accession acquaintance of these issues and to advanced discussions on adapted modalities for ensuring acceptable governance," said Eugene Spiro, Senior Projects Officer of the IFC Global Corporate Governance Forum.
This was the aboriginal collective academy that IFSB, the World Bank Group, and the IFC Global Corporate Governance Forum accept tailored to accumulated babyminding convenance and accompanying bounded issues. The academy admiring bounded and all-embracing experts’ absorption to key issues that will be addressed traveling forward.
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Tel: + 603 2698 4248 ext: 119
Fax: + 603 2698 4280
About IFC
IFC, a affiliate of the World Bank Group, fosters acceptable bread-and-butter advance in developing countries by costs clandestine area investment, mobilising clandestine basic in bounded and all-embracing banking markets, and accouterment advising and accident acknowledgment casework to businesses and governments. IFC’s eyes is that humans should accept the befalling to escape abjection and advance their lives. In FY07, IFC committed $8.2 billion and mobilised an added $3.9 billion through syndications and structured accounts for 299 investments in 69 developing countries. IFC aswell provided advising casework in 97 countries. For added information, appointment www.ifc.org.
The IFC Global Corporate Governance Forum is an IFC multidonor assurance armamentarium facility. It was cofounded by the World Bank and the OECD in 1999. Through its activities, the appointment aims to advance the clandestine area as an engine of growth, abate the vulnerability of developing and alteration economies to banking crisis, and accommodate incentives for corporations to advance and accomplish calmly in a socially amenable manner. It sponsors bounded and bounded initiatives that abode the accumulated babyminding weaknesses of middle- and low-income countries in the ambience of broader civic or bounded bread-and-butter ameliorate programs. Its donors cover IFC and the governments of Canada, France, Luxembourg, the Netherlands, Norway, Sweden, and Switzerland. For added information, appointment www.gcgf.org.
About the Islamic Financial Services Board
IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets, and allowance sectors. IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars, and conferences for regulators and industry stakeholders. IFSB works carefully with accordant international, regional, and civic organisations; analysis and educational institutions; and bazaar players. For added information, appointment www.ifsb.org.
Islamic Financial Services Board (IFSB) - The IFSB Council adopts two abstracts for the Islamic banking casework industry
Kuala Lumpur, 1st April 2008 – In its 12th affair captivated at the Islamic Development Bank’s (IDB) address in Jeddah on March 26th 2008, the Council of the Islamic Financial Services Board (IFSB) bound to accept two abstracts that aim to added facilitate efforts appear acceptable the acumen and adherence of the Islamic banking casework industry. The two abstracts are:
• Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAI) on Shari’ah-Compliant Financial Instruments (Guidance Note).
• Technical Note on Issues in Strengthening Liquidity Management of Institutions Offering Islamic Financial Services: The Development of Islamic Money Markets (Technical Notes).
Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAI) on Shari’ah-Compliant Financial Instruments (Guidance Note).
The Guidance Note aims to accompaniment absolute all-embracing guidelines and to accommodate advice to civic authoritative authorities. It’s cold is to outline belief which the IFSB recommends civic admiral crop into anniversary if chargeless which External Credit Assessment Institutions (ECAIs) or added frequently accepted as appraisement agencies may accept their ratings acclimated to account basic adequacy ratios beneath the IFSB’s December 2005 Capital Adequacy Standard.
The IFSB trusts that the Guidance Note, which was ahead issued for a three-month accessible appointment period, will advance a added agitation on key credibility of appraisement alignment for Shari’ah-compliant instruments. In developing this Guidance Note, the IFSB has benefited from discussions with authoritative and authoritative authorities, appraisement agencies and bazaar participants in assorted IFSB workshops on ratings appraisal issues captivated in 2003, 2006 and 2008.
The Council accustomed the Guidance Note and recommended its acceptance a allotment of associates of the IFSB.
Technical Note on Issues in Strengthening Liquidity Management of Institutions Offering Islamic Financial Services: The Development of Islamic Money Markets (Technical Notes)
The Technical Notes aim to abode the afterward analytical apparatus of the systemic clamminess basement by absorption on:
• budgetary operations application tradable Islamic money bazaar instruments;
• accessible debt and costs administration operations that supply, in acceptable aggregate and on anticipated schedule, tradable government Islamic accounts instruments;
• adapted trading and bazaar micro-structure for these instruments; and
• associated transaction adjustment arrangement that fulfils the requirements of Shari’ah.
The Council of the IFSB accustomed the Technical Notes.
The 12th affair of the IFSB Council was chaired by H.E. Dr. Shamshad Akhtar, Governor of the State Bank of Pakistan, and abounding by 13 axial banks’ governors, 3 governors’ assembly and the President of the IDB. It was followed by the IFSB General Assembly.
Both abstracts will be accessible from the IFSB website www.ifsb.org
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.
The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
For added advice about the IFSB, amuse appointment www.ifsb.org
• Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAI) on Shari’ah-Compliant Financial Instruments (Guidance Note).
• Technical Note on Issues in Strengthening Liquidity Management of Institutions Offering Islamic Financial Services: The Development of Islamic Money Markets (Technical Notes).
Guidance Note in Connection with the Capital Adequacy Standard: Recognition of Ratings by External Credit Assessment Institutions (ECAI) on Shari’ah-Compliant Financial Instruments (Guidance Note).
The Guidance Note aims to accompaniment absolute all-embracing guidelines and to accommodate advice to civic authoritative authorities. It’s cold is to outline belief which the IFSB recommends civic admiral crop into anniversary if chargeless which External Credit Assessment Institutions (ECAIs) or added frequently accepted as appraisement agencies may accept their ratings acclimated to account basic adequacy ratios beneath the IFSB’s December 2005 Capital Adequacy Standard.
The IFSB trusts that the Guidance Note, which was ahead issued for a three-month accessible appointment period, will advance a added agitation on key credibility of appraisement alignment for Shari’ah-compliant instruments. In developing this Guidance Note, the IFSB has benefited from discussions with authoritative and authoritative authorities, appraisement agencies and bazaar participants in assorted IFSB workshops on ratings appraisal issues captivated in 2003, 2006 and 2008.
The Council accustomed the Guidance Note and recommended its acceptance a allotment of associates of the IFSB.
Technical Note on Issues in Strengthening Liquidity Management of Institutions Offering Islamic Financial Services: The Development of Islamic Money Markets (Technical Notes)
The Technical Notes aim to abode the afterward analytical apparatus of the systemic clamminess basement by absorption on:
• budgetary operations application tradable Islamic money bazaar instruments;
• accessible debt and costs administration operations that supply, in acceptable aggregate and on anticipated schedule, tradable government Islamic accounts instruments;
• adapted trading and bazaar micro-structure for these instruments; and
• associated transaction adjustment arrangement that fulfils the requirements of Shari’ah.
The Council of the IFSB accustomed the Technical Notes.
The 12th affair of the IFSB Council was chaired by H.E. Dr. Shamshad Akhtar, Governor of the State Bank of Pakistan, and abounding by 13 axial banks’ governors, 3 governors’ assembly and the President of the IDB. It was followed by the IFSB General Assembly.
Both abstracts will be accessible from the IFSB website www.ifsb.org
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.
The IFSB aswell conducts analysis and coordinates initiatives on industry-related issues, as able-bodied as organises roundtables, seminars and conferences for regulators and industry stakeholders. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
For added advice about the IFSB, amuse appointment www.ifsb.org
Islamic Financial Services Board (IFSB) - Malaysia, Singapore and Hong Kong to advertise Islamic accounts initiatives in IFSB Amman Summit on 12 May
Kuala Lumpur, 24 April 2008 – Malaysia, Singapore and Hong Kong are accommodating in the Country Showcases which will be captivated above-mentioned to the 5th Islamic Financial Services Board (IFSB) Summit, on 12th May 2008 in Amman, Jordan. The Country Showcases are allotment of this anniversary Summit which is appointed to be on 13-14th May 2008. The Summit, that the Central Bank of Jordan is hosting, is captivated beneath the Royal Patronage of Her Majesty Queen Rania Al-Abdullah, and themed ‘Financial Globalisation and Islamic Financial Services’.
Professor Rifaat Ahmed Abdel Karim, IFSB’s Secretary General said, “This is our additional year of introducing the Country Showcases as a Pre Summit event. The IFSB is blessed to accommodate this belvedere for its affiliate countries to advertise their alone country initiatives and behavior on Islamic banking services. This is in band with the IFSB authorization to animate cooperation amidst its affiliate countries in developing the Islamic banking casework industry as a whole.”
The Country Showcases will run accordingly with addition Pre Summit event, namely a Public Hearing on two IFSB Exposure Drafts: 1) Governance for Islamic Collective Investment Schemes and 2) Capital Adequacy Requirements for Sukuk Securitisation and Real Estate Investment, which were issued in December 2007 for accessible appointment as allotment of the IFSB due action for advancing its standards and guidelines.
Participation in these Pre Summit contest is chargeless of charge. For allotment details, amuse appointment www.ifsbamman2008.com
For added Information, amuse contact:
Ms Farrah Aris
Email: farrah@ifsb.org
Tel: + 603 2698 4248 ext 116
Fax: + 603 2698 4280
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
About the Islamic Financial Services Board:
The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.
The IFSB currently has 164 associates absolute 41 banking, balance and allowance authoritative and authoritative authorities, 6 all-embracing inter-governmental organisations and 117 bazaar players and able firms from over 31 jurisdictions.
For added advice about the IFSB, amuse appointment www.ifsb.org
Professor Rifaat Ahmed Abdel Karim, IFSB’s Secretary General said, “This is our additional year of introducing the Country Showcases as a Pre Summit event. The IFSB is blessed to accommodate this belvedere for its affiliate countries to advertise their alone country initiatives and behavior on Islamic banking services. This is in band with the IFSB authorization to animate cooperation amidst its affiliate countries in developing the Islamic banking casework industry as a whole.”
The Country Showcases will run accordingly with addition Pre Summit event, namely a Public Hearing on two IFSB Exposure Drafts: 1) Governance for Islamic Collective Investment Schemes and 2) Capital Adequacy Requirements for Sukuk Securitisation and Real Estate Investment, which were issued in December 2007 for accessible appointment as allotment of the IFSB due action for advancing its standards and guidelines.
Participation in these Pre Summit contest is chargeless of charge. For allotment details, amuse appointment www.ifsbamman2008.com
For added Information, amuse contact:
Ms Farrah Aris
Email: farrah@ifsb.org
Tel: + 603 2698 4248 ext 116
Fax: + 603 2698 4280
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
About the Islamic Financial Services Board:
The IFSB is an all-embracing standard-setting organisation that promotes and enhances the acumen and adherence of the Islamic banking casework industry by arising all-around prudential standards and allegorical attempt for the industry, broadly authentic to cover banking, basic markets and allowance sectors.
The IFSB currently has 164 associates absolute 41 banking, balance and allowance authoritative and authoritative authorities, 6 all-embracing inter-governmental organisations and 117 bazaar players and able firms from over 31 jurisdictions.
For added advice about the IFSB, amuse appointment www.ifsb.org
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