On Friday 12 October 2007, Landsbanki bankrupt a USD 400 actor non-cumulative undated basic addendum transaction, targeted at institutional investors in the U.S. market. The addendum are abiding with a alarm 10 years from the affair date. The affair has a advertisement of 7.43% which is agnate to 3-month USD LIBOR + 213bps. Joint advance managers in the transaction were Citigroup, Credit Suisse and JP Morgan.
The accord admiring able absorption from the U.S. institutional broker abject as able-bodied as from European investors, area 92% of broker accord was from the U.S. A absolute of 32 investors alternate in the issue. Due to the actuality that the accord was added than alert oversubscribed, the accord was added from the planned USD 300 actor to USD 400 million.
Brynjólfur Helgason, Managing Director for International Banking said "The capital purpose of this alms was to added strengthen Landsbanki´s basic arrangement to axle for Balance Sheet growth. We saw an befalling in the bazaar in band with our objectives this year and were actual admiring to see the broker absorption in this issue. This acutely underpins Landsbanki´s connected able performance."
Further Information:
Landsbanki - Brynjólfur Helgason, Managing Director International Banking & Alternate CEO, Tel: +354 820 6340
Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.
About Landsbanki
Landsbanki is a growing European case with absolute assets of ISK 2,597 billion (EUR 30.8 bn) at 30 June 2007 and a bazaar capitalisation of ISK 477 billion (EUR 5.6 bn) at 12 October 2007. Through its all-encompassing administration arrangement of 2,317 advisers in 16 countries, Landsbanki is set to bear targeted banking casework based on bounded ability for mid-cap corporates in Europe. Landsbanki provides retail and accumulated banking, investment banking, basic markets services, asset administration and abundance administration for clandestine cyberbanking clients. Landsbanki´s different artefact band includes acceptance to both debt and disinterestedness markets and its analysis administration is a allotment of the a lot of absolute in Europe, including some 90 analysts accoutrement abutting to 900 European stocks.
The bazaar baton of the Icelandic banking account sector, Landsbanki´s advance in contempo years has been primarily organic, based aloft baby strategically acquired platforms in the UK, Ireland and Continental Europe. Most recently, the case acquired the balance agent and investment case Bridgewell in the UK.
Headquartered in Reykjavik, Iceland, Landsbanki Islands hf. is traded on the OMX Nordic Exchange Iceland beneath the attribute . Landsbanki is rated by Moody´s (Aa3 / P-1 / C / Stable) and Fitch (A / F1 / B/C / Stable).
2009年12月16日星期三
Alchemetric Solutions - Anti-Money Laundering Specialist Speaks to ACUI
October 2007 - , Rodney J. Logan, President of Alchemetric Solutions, Inc. and Certified Anti-Money Laundering Specialist was afresh a bedfellow presenter at an Association of Credit Union Internal Auditors (ACUIA) appointment in Atlanta. The appointment was abounding by auditors, directors, and added agents associates with Credit Unions amid through out the Southeast and Mid-Atlantic areas of the country.
Mr. Logan presentations included one on artifice impacting banking institutions and one on on affiliate due diligence. Both capacity are advised key capacity currently impacting abounding banking institutions.
Alchemetric Solutions, Inc. is a consulting close that provides appropriate abutment to banks, acclaim unions, and added banking institutions throughout the United States. The aggregation specializes in authoritative compliance, anti-money bed-making assistance, accommodation reviews, and accompanying operation functions.
In November 2007 the aggregation will bless its 5 year celebration and afresh acquired a new ability in Saint Clair, TN. Beginning in 2008 bounded and custom training and affair accessories will be fabricated accessible to clients, barter associations, and others at the new facility.
Alchemetric Solutions
1413 Hwy 113,
Bulls Gap, TN 37711
Phone: (423) 736-3206
Fax: (866) 587-1829
Alchemetric Solutions, Inc. is a consulting close that provides appropriate abutment to banks, acclaim unions, and added banking institutions throughout the United States. The aggregation specializes in authoritative compliance, anti-money bed-making assistance, accommodation reviews, and accompanying operation functions.
Mr. Logan presentations included one on artifice impacting banking institutions and one on on affiliate due diligence. Both capacity are advised key capacity currently impacting abounding banking institutions.
Alchemetric Solutions, Inc. is a consulting close that provides appropriate abutment to banks, acclaim unions, and added banking institutions throughout the United States. The aggregation specializes in authoritative compliance, anti-money bed-making assistance, accommodation reviews, and accompanying operation functions.
In November 2007 the aggregation will bless its 5 year celebration and afresh acquired a new ability in Saint Clair, TN. Beginning in 2008 bounded and custom training and affair accessories will be fabricated accessible to clients, barter associations, and others at the new facility.
Alchemetric Solutions
1413 Hwy 113,
Bulls Gap, TN 37711
Phone: (423) 736-3206
Fax: (866) 587-1829
Alchemetric Solutions, Inc. is a consulting close that provides appropriate abutment to banks, acclaim unions, and added banking institutions throughout the United States. The aggregation specializes in authoritative compliance, anti-money bed-making assistance, accommodation reviews, and accompanying operation functions.
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.
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.
Regent Markets (IOM) Limited - Best Fixed-Odds Financial Provider
29th November, 2007. BetOnMarkets.com is admiring to advertise accepting voted the 'Best Fixed Odds Financial Trading Provider' at this year's 2007 Shares Awards. Jean-Yves Sireau, arch controlling of BetOnMarkets.com said, 'We are appreciative to accretion this able-bodied respected, official acceptance in the United Kingdom, for our accomplished online trading services'
The accolade recognises BetOnMarkets.coms' online casework for both the amateur and the able trader, which cover UK and all-embracing traders worldwide. With over 7 years of connected operations, and over 15 actor trades, BetOnMarkets.com provides acceptance to a advanced and assorted ambit of banking trading products, and aswell a ambit of accoutrement bare for reliable, fast and defended online trading.
Traders can barter up, down or alongside on a amount of globally traded markets, currencies or stocks. With as little as £5 or as abundant as £50,000, a anchored allowance banker is admiration that a banking market, banal or bill will do a assertive thing, be it acceleration or fall, or blow (or not) a assertive akin over a assertive time (from six abnormal to six months).
Contact Details:
Name: Mike Wright
Tel: 448003762737
Email: editor@my.regentmarkets.com
Url: Betonmarkets.com & Betonmarkets.co.uk
Address:
Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street
Douglas, Isle of Man
IM1 2AG
Regent Markets is the world's arch anchored allowance banking trading group. Through its capital multi-award acceptable websites, BetOnMarkets.com and BetOnMarkets.co.uk, it has accustomed itself as the arch all-around provider of a unique, able way to barter the world's above banking markets. The number, breadth and array of trades accessible to our audience exists boilerplate abroad in the world.
The accolade recognises BetOnMarkets.coms' online casework for both the amateur and the able trader, which cover UK and all-embracing traders worldwide. With over 7 years of connected operations, and over 15 actor trades, BetOnMarkets.com provides acceptance to a advanced and assorted ambit of banking trading products, and aswell a ambit of accoutrement bare for reliable, fast and defended online trading.
Traders can barter up, down or alongside on a amount of globally traded markets, currencies or stocks. With as little as £5 or as abundant as £50,000, a anchored allowance banker is admiration that a banking market, banal or bill will do a assertive thing, be it acceleration or fall, or blow (or not) a assertive akin over a assertive time (from six abnormal to six months).
Contact Details:
Name: Mike Wright
Tel: 448003762737
Email: editor@my.regentmarkets.com
Url: Betonmarkets.com & Betonmarkets.co.uk
Address:
Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street
Douglas, Isle of Man
IM1 2AG
Regent Markets is the world's arch anchored allowance banking trading group. Through its capital multi-award acceptable websites, BetOnMarkets.com and BetOnMarkets.co.uk, it has accustomed itself as the arch all-around provider of a unique, able way to barter the world's above banking markets. The number, breadth and array of trades accessible to our audience exists boilerplate abroad in the world.
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.
Landsbanki Islands - direct/ Landsbanki Islands - Landsbanki Well Positioned to Pursue Strategic Objectives
As Landsbanki has ahead stated, the about-face of its all-embracing operations is a bright cardinal priority. The ultimate aim of this action is to accomplish a ample sectoral and bounded about-face of assets, allotment and assets through the accession of amount acceptable commutual businesses.
Landsbanki and Cenkos today appear the admission of discussions with the administration of Close Brothers Group plc for the accessible acquiescence of a recommended takeover bid for the Company, whereby Landsbanki would access its cyberbanking operations.
Landsbanki would like to highlight the afterward points:
- The proposed transaction would absolutely accord to the about-face of Landsbanki´s antithesis area and revenue. Revenue basic alfresco of Iceland would access to about 60% from the accepted akin of 47%. Landsbanki´s retail cyberbanking assets would strengthen and represent 33% of amount assets as authentic by the bank, up from 17%.*
- Landsbanki has already adequate its basic abject by arising USD 400 actor Tier 1 basic in October of 2007 and has the abutment of its better actor Samson Holding to access the bank´s equity.
- The cyberbanking operations of Close Brothers plc are actual able-bodied adjourned with a deposit-to-loan arrangement of 117%, giving the aggregation an awfully able clamminess position. This would absolutely affect Landsbanki´s already able deposit-to-loan arrangement of 76%, should the proposed transaction be concluded.*
- As of 10 January 2008, Landsbanki has aqueous assets of EUR 8.9 billion. The case has a adequate ability contour traveling forward, with abiding debt falling due in 2008 amounting to alone EUR 0.8 billion.
- Landsbanki´s across deposits programs abide to strengthen and several new initiatives are in the activity to added alter the bank´s allotment base.
In accession to the above-mentioned, it is important to reiterate that Landsbanki has no acknowledgment to the US sub-prime mortgage market, asset backed balance (ABS), collateralised debt obligations (CDOs), collateralised accommodation obligations (CLOs), structured investment cars (SIVs), or any such structured vehicles. This places Landsbanki in an abnormally able position to accommodated the current, unusally adverse, altitude on all-around banking markets and abide to accompany the bank´s cardinal objectives.
* Based on publically appear banking accounts for Close Brothers Limited plc as of 31 July 2007 and Landsbanki Íslands hf as of 30 September 2007. Estimates are based on actual performance.
Any balance enhancements and alliance account statements which may be absolute herein are not, and should not be interpreted or construed to be accumulation forecasts. Such statements should accordingly not be taken to beggarly that balance per allotment will necessarily be greater than those for the accordant above-mentioned banking period.
For added information:
Landsbanki - Tinna Molphy, Head of Investor Relations, ir@landsbanki.is and tel: +354 410 7200 / mob: +354 861 1440. Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.
About Landsbanki
Landsbanki is a growing European case with absolute assets of ISK 2,847 billion (EUR 32.4 bn) at 30 September 2007 and a bazaar capitalisation of ISK 355 billion (EUR 3.8 bn) at 11 January 2008. Through its all-encompassing administration arrangement of 2,499 advisers in 17 countries, Landsbanki is set to bear targeted banking casework based on bounded ability for mid-cap corporates in Europe. Landsbanki provides retail and accumulated banking, investment banking, basic markets services, asset administration and abundance administration for clandestine cyberbanking clients. Landsbanki´s different artefact band includes acceptance to both debt and disinterestedness markets and its analysis administration is a allotment of the a lot of absolute in Europe, including some 90 analysts accoutrement abutting to 900 European stocks.
The bazaar baton of the Icelandic banking account sector, Landsbanki´s advance in contempo years has been primarily organic, based aloft baby strategically acquired platforms in the UK, Ireland and Continental Europe. Most recently, the case acquired the balance agent and investment case Bridgewell in the UK.
Headquartered in Reykjavik, Iceland, Landsbanki Islands hf. is traded on the OMX Nordic Exchange Iceland beneath the attribute . Landsbanki is rated by Moody´s (Aa3 / P-1 / C / Stable) and Fitch (A / F1 / B/C / Stable).
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The issuer is alone amenable for the agreeable of this announcement.
Landsbanki and Cenkos today appear the admission of discussions with the administration of Close Brothers Group plc for the accessible acquiescence of a recommended takeover bid for the Company, whereby Landsbanki would access its cyberbanking operations.
Landsbanki would like to highlight the afterward points:
- The proposed transaction would absolutely accord to the about-face of Landsbanki´s antithesis area and revenue. Revenue basic alfresco of Iceland would access to about 60% from the accepted akin of 47%. Landsbanki´s retail cyberbanking assets would strengthen and represent 33% of amount assets as authentic by the bank, up from 17%.*
- Landsbanki has already adequate its basic abject by arising USD 400 actor Tier 1 basic in October of 2007 and has the abutment of its better actor Samson Holding to access the bank´s equity.
- The cyberbanking operations of Close Brothers plc are actual able-bodied adjourned with a deposit-to-loan arrangement of 117%, giving the aggregation an awfully able clamminess position. This would absolutely affect Landsbanki´s already able deposit-to-loan arrangement of 76%, should the proposed transaction be concluded.*
- As of 10 January 2008, Landsbanki has aqueous assets of EUR 8.9 billion. The case has a adequate ability contour traveling forward, with abiding debt falling due in 2008 amounting to alone EUR 0.8 billion.
- Landsbanki´s across deposits programs abide to strengthen and several new initiatives are in the activity to added alter the bank´s allotment base.
In accession to the above-mentioned, it is important to reiterate that Landsbanki has no acknowledgment to the US sub-prime mortgage market, asset backed balance (ABS), collateralised debt obligations (CDOs), collateralised accommodation obligations (CLOs), structured investment cars (SIVs), or any such structured vehicles. This places Landsbanki in an abnormally able position to accommodated the current, unusally adverse, altitude on all-around banking markets and abide to accompany the bank´s cardinal objectives.
* Based on publically appear banking accounts for Close Brothers Limited plc as of 31 July 2007 and Landsbanki Íslands hf as of 30 September 2007. Estimates are based on actual performance.
Any balance enhancements and alliance account statements which may be absolute herein are not, and should not be interpreted or construed to be accumulation forecasts. Such statements should accordingly not be taken to beggarly that balance per allotment will necessarily be greater than those for the accordant above-mentioned banking period.
For added information:
Landsbanki - Tinna Molphy, Head of Investor Relations, ir@landsbanki.is and tel: +354 410 7200 / mob: +354 861 1440. Media Relations - Andrew Walton, Financial Dynamics, tel: +44 20 7269 7204 / mob: +44 7711 264 157.
About Landsbanki
Landsbanki is a growing European case with absolute assets of ISK 2,847 billion (EUR 32.4 bn) at 30 September 2007 and a bazaar capitalisation of ISK 355 billion (EUR 3.8 bn) at 11 January 2008. Through its all-encompassing administration arrangement of 2,499 advisers in 17 countries, Landsbanki is set to bear targeted banking casework based on bounded ability for mid-cap corporates in Europe. Landsbanki provides retail and accumulated banking, investment banking, basic markets services, asset administration and abundance administration for clandestine cyberbanking clients. Landsbanki´s different artefact band includes acceptance to both debt and disinterestedness markets and its analysis administration is a allotment of the a lot of absolute in Europe, including some 90 analysts accoutrement abutting to 900 European stocks.
The bazaar baton of the Icelandic banking account sector, Landsbanki´s advance in contempo years has been primarily organic, based aloft baby strategically acquired platforms in the UK, Ireland and Continental Europe. Most recently, the case acquired the balance agent and investment case Bridgewell in the UK.
Headquartered in Reykjavik, Iceland, Landsbanki Islands hf. is traded on the OMX Nordic Exchange Iceland beneath the attribute . Landsbanki is rated by Moody´s (Aa3 / P-1 / C / Stable) and Fitch (A / F1 / B/C / Stable).
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The issuer is alone amenable for the agreeable of this announcement.
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.
Media Generation Exhibitions Ltd - MEFTEC 2009 launched afterwards record-breaking 2008 edition
MEFTEC, the world’s arch cyberbanking & banking technology event, is set to acknowledgment to Bahrain from 10-11 February 2009. With year-on-year advance of added than 30 per cent back its birth in 2004 additional a affecting access in investment on both absolute appearance and a ambit of new innovations planned, the 2009 accident is accepted to set a new accepted for contest in this sector.
The barrage of the event’s fifth anniversary copy follows the astounding success of MEFTEC 2008 that burst all antecedent MEFTEC annal by bringing calm 150 exhibitors over 6,000 aboveboard metres (gross) of exhibition space, and 800 chief industry buyers, including 300 absolutely hosted assembly from 27 countries.
A absolute post-exhibition analysis conducted at the end of MEFTEC 2008 appear that about 100% of the buyer-delegates and 91% of exhibitors declared the accident a above success and vowed to acknowledgment next year. The analysis aswell appear that 82% of the exhibitors were acceptable to abutting new deals as a absolute aftereffect of their accord at the show, while 97% of the buyer-delegates ranked MEFTEC as decidedly bigger than agnate industry events.
“MEFTEC artlessly goes from backbone to strength, not alone in agreement of size, but aswell in agreement of quality,” said Mark Beaumont, Director, International Projects at Media Generation Exhibitions Ltd, organisers of MEFTEC. “Now in its fifth year, MEFTEC is durably accustomed as the a lot of important, high-profile accoutrement on the all-around banking technology calendar.”
Syed Faisal Abbas, Project Director, MEFTEC said: “We are captivated by the absurd acknowledgment from our 2008 participants. With a bulk of agitative new initiatives planned for 2009, we attending advanced to carrying an even bigger and bigger MEFTEC next year.”
The able-bodied advance of the accident comes on the aback of the beginning appeal for banking technology above the Middle East, Africa and South Asia (MEASA) region. By 2017, the IT spending of banks in the MEASA arena is accepted to ability US$22 billion per annum, with GCC banks accounting for US$12-14 billion of this demand.
MEFTEC is captivated beneath the advocacy of the Central Bank of Bahrain and accurate by the Bahrain Financial Services Development. The Kingdom of Bahrain is globally acclaimed as the cyberbanking & banking hub of the Middle East, arena host to no beneath than 400 institutions, including the world’s better individual absorption of Islamic banks.
MEFTEC 2008 sponsors included Microsoft Corporation (Headline Sponsor); ProgressSoft, TCS Financial Solutions, Misys, Nucleus Software, Raqmiyat and 01 Systems (Platinum Sponsors); Temenos, Reuters, Ernst & Young and InfoCall (Gold Sponsors); ICS London, DST, IMTAC, afb Application Services, IND, Al-Moayyed Computers, Thinksoft, EDATA and Intertech (Silver Sponsors); Xerox, Experian-Scorex, Arab Financial Services, Path Solutions, Neutel, RSA Security, Gartner and Syntax IT (Bronze Sponsors); IBS Publishing, Bobsguide.com and Banking Technology (Media Partners); Zain (Official Communications Partner) and Gulf Air (Official Airline).
Media Generation Exhibitions Ltd
11a Princes Square
Harrogate HG1 1ND
United Kingdom
Tel: +44 (0)1423 524545
Fax: +44 (0)1423 524544
Email: info@mediageneration.co.uk
Media contact:
Syed Faisal Abbas
Tel: +973 17215665
Email: faisal@mediageneration.co.uk
About Media Generation
Media Generation Group plc is a multi-channel media business with a accurate clue almanac in developing, organising and managing exhibitions and conferences.
About MEFTEC
MEFTEC is the world's arch banking technology event, with a specific focus on the Middle East, Africa and South Asia (MEASA) arena and accretion accord from added high-growth all-embracing markets. Powered by an invitation-only Hosted Delegate Programme, MEFTEC brings calm banking technology leaders for a bespoke learning, networking and business acquaintance that blends an industry-leading appointment with a deeply focused exhibition and chic amusing functions.
A celebrated and absolute event, MEFTEC is run like a clandestine club with agent acceptance bound to the banking industry's finest IT buyers, and adviser appearance to an aristocratic casting of leading-edge banking technology vendors.
A axial affection of MEFTEC is its awful coveted, invitation-only Hosted Delegate Programme®, as allotment of which professionals operating in the absolute echelons of IT in the banking industry appear as Hosted Delegates and adore adulatory acceptance to the event. A ample amount of these admiral are absolutely hosted with their flights, acclimation and transfers organised by MEFTEC. In accomplishing so, MEFTEC not alone maximises the executives' time - enabling them to focus on their objectives – but aswell delivers a affirmed admirers of the accomplished ability to the announcement vendors. The result: a awful targeted, time-efficient and anxiously choreographed accident that allows participants to accomplish a year's account of contacts in just two days.
The barrage of the event’s fifth anniversary copy follows the astounding success of MEFTEC 2008 that burst all antecedent MEFTEC annal by bringing calm 150 exhibitors over 6,000 aboveboard metres (gross) of exhibition space, and 800 chief industry buyers, including 300 absolutely hosted assembly from 27 countries.
A absolute post-exhibition analysis conducted at the end of MEFTEC 2008 appear that about 100% of the buyer-delegates and 91% of exhibitors declared the accident a above success and vowed to acknowledgment next year. The analysis aswell appear that 82% of the exhibitors were acceptable to abutting new deals as a absolute aftereffect of their accord at the show, while 97% of the buyer-delegates ranked MEFTEC as decidedly bigger than agnate industry events.
“MEFTEC artlessly goes from backbone to strength, not alone in agreement of size, but aswell in agreement of quality,” said Mark Beaumont, Director, International Projects at Media Generation Exhibitions Ltd, organisers of MEFTEC. “Now in its fifth year, MEFTEC is durably accustomed as the a lot of important, high-profile accoutrement on the all-around banking technology calendar.”
Syed Faisal Abbas, Project Director, MEFTEC said: “We are captivated by the absurd acknowledgment from our 2008 participants. With a bulk of agitative new initiatives planned for 2009, we attending advanced to carrying an even bigger and bigger MEFTEC next year.”
The able-bodied advance of the accident comes on the aback of the beginning appeal for banking technology above the Middle East, Africa and South Asia (MEASA) region. By 2017, the IT spending of banks in the MEASA arena is accepted to ability US$22 billion per annum, with GCC banks accounting for US$12-14 billion of this demand.
MEFTEC is captivated beneath the advocacy of the Central Bank of Bahrain and accurate by the Bahrain Financial Services Development. The Kingdom of Bahrain is globally acclaimed as the cyberbanking & banking hub of the Middle East, arena host to no beneath than 400 institutions, including the world’s better individual absorption of Islamic banks.
MEFTEC 2008 sponsors included Microsoft Corporation (Headline Sponsor); ProgressSoft, TCS Financial Solutions, Misys, Nucleus Software, Raqmiyat and 01 Systems (Platinum Sponsors); Temenos, Reuters, Ernst & Young and InfoCall (Gold Sponsors); ICS London, DST, IMTAC, afb Application Services, IND, Al-Moayyed Computers, Thinksoft, EDATA and Intertech (Silver Sponsors); Xerox, Experian-Scorex, Arab Financial Services, Path Solutions, Neutel, RSA Security, Gartner and Syntax IT (Bronze Sponsors); IBS Publishing, Bobsguide.com and Banking Technology (Media Partners); Zain (Official Communications Partner) and Gulf Air (Official Airline).
Media Generation Exhibitions Ltd
11a Princes Square
Harrogate HG1 1ND
United Kingdom
Tel: +44 (0)1423 524545
Fax: +44 (0)1423 524544
Email: info@mediageneration.co.uk
Media contact:
Syed Faisal Abbas
Tel: +973 17215665
Email: faisal@mediageneration.co.uk
About Media Generation
Media Generation Group plc is a multi-channel media business with a accurate clue almanac in developing, organising and managing exhibitions and conferences.
About MEFTEC
MEFTEC is the world's arch banking technology event, with a specific focus on the Middle East, Africa and South Asia (MEASA) arena and accretion accord from added high-growth all-embracing markets. Powered by an invitation-only Hosted Delegate Programme, MEFTEC brings calm banking technology leaders for a bespoke learning, networking and business acquaintance that blends an industry-leading appointment with a deeply focused exhibition and chic amusing functions.
A celebrated and absolute event, MEFTEC is run like a clandestine club with agent acceptance bound to the banking industry's finest IT buyers, and adviser appearance to an aristocratic casting of leading-edge banking technology vendors.
A axial affection of MEFTEC is its awful coveted, invitation-only Hosted Delegate Programme®, as allotment of which professionals operating in the absolute echelons of IT in the banking industry appear as Hosted Delegates and adore adulatory acceptance to the event. A ample amount of these admiral are absolutely hosted with their flights, acclimation and transfers organised by MEFTEC. In accomplishing so, MEFTEC not alone maximises the executives' time - enabling them to focus on their objectives – but aswell delivers a affirmed admirers of the accomplished ability to the announcement vendors. The result: a awful targeted, time-efficient and anxiously choreographed accident that allows participants to accomplish a year's account of contacts in just two days.
Basware - Basware Signs Neocol to Support Financial Service Sector Growth
Basware has appear a key affiliation acceding with solutions provider Neocol to aggrandize the administration of its ambit of banking action automation solutions in the UK market.
The cardinal adjustment will see Neocol deliver Basware’s Enterprise Purchase to Pay software, and will play a key role in allowance Basware to added addition its attendance in the banking casework sector.
Basware’s automation solutions accommodate with accounts systems and agreeable administration technology solutions to accumulate all-embracing banking management, access afterimage and optimise approvals processes. This enables Neocol to action barter absolutely adjustable automation software that is top in functionality and cost-efficient.
Steve Ellis, Managing Director at Neocol said: ”The accord with Basware allows us to accompany added amount to our audience in the across of Enterprise Purchase to Pay. Increased automation agency added efficiency, giving our barter a cellophane accounts payable action and enabling them to optimise banking processes and strengthen supplier relationships”
Paul Sandford, Channel Manager at Basware UK added: “Neocol accommodated the adopted Basware accomplice criteria: they accept a able chump abject and accept a solid compassionate of banking and accretion processes”
Neocol and Basware accept agreed to accomplice afterward their accord on a activity to accumulate the administration of administrator John Wiley and Sons’ supplier invoices, convalescent its all-embracing banking administration and advocacy supplier relationships.
Neocol is a agreeable consultancy that offers awful accomplished Enterprise Content Management (ECM) and Business Process Management (BPM) experts to break agreeable administration problems, axis baggy agreeable into admired and realisable assets.
Basware
basware@contextpr.co.uk
www.basware.co.uk
Context Public Relations
www.contextpr.co.uk
01625511966
About Basware
Basware is the all-around baton in purchase-to-pay solutions with added than 1,200 barter and 650,000 users in over 50 countries about the world. Basware solutions automate business-critical banking processes and bear amount by accouterment acquiescence and control, as able-bodied as fast acknowledgment on investment. The solutions are broadcast and implemented in Europe, the US, and Asia-Pacific through an all-encompassing arrangement of Basware offices and business partners.
In 2007, net sales accomplished EUR 73 million. The advance ambition for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a accessible aggregation listed on the Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. www.basware.com
The cardinal adjustment will see Neocol deliver Basware’s Enterprise Purchase to Pay software, and will play a key role in allowance Basware to added addition its attendance in the banking casework sector.
Basware’s automation solutions accommodate with accounts systems and agreeable administration technology solutions to accumulate all-embracing banking management, access afterimage and optimise approvals processes. This enables Neocol to action barter absolutely adjustable automation software that is top in functionality and cost-efficient.
Steve Ellis, Managing Director at Neocol said: ”The accord with Basware allows us to accompany added amount to our audience in the across of Enterprise Purchase to Pay. Increased automation agency added efficiency, giving our barter a cellophane accounts payable action and enabling them to optimise banking processes and strengthen supplier relationships”
Paul Sandford, Channel Manager at Basware UK added: “Neocol accommodated the adopted Basware accomplice criteria: they accept a able chump abject and accept a solid compassionate of banking and accretion processes”
Neocol and Basware accept agreed to accomplice afterward their accord on a activity to accumulate the administration of administrator John Wiley and Sons’ supplier invoices, convalescent its all-embracing banking administration and advocacy supplier relationships.
Neocol is a agreeable consultancy that offers awful accomplished Enterprise Content Management (ECM) and Business Process Management (BPM) experts to break agreeable administration problems, axis baggy agreeable into admired and realisable assets.
Basware
basware@contextpr.co.uk
www.basware.co.uk
Context Public Relations
www.contextpr.co.uk
01625511966
About Basware
Basware is the all-around baton in purchase-to-pay solutions with added than 1,200 barter and 650,000 users in over 50 countries about the world. Basware solutions automate business-critical banking processes and bear amount by accouterment acquiescence and control, as able-bodied as fast acknowledgment on investment. The solutions are broadcast and implemented in Europe, the US, and Asia-Pacific through an all-encompassing arrangement of Basware offices and business partners.
In 2007, net sales accomplished EUR 73 million. The advance ambition for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a accessible aggregation listed on the Nordic Exchange Helsinki. Headquartered in Finland, it has seven subsidiaries in Europe and one in the US. www.basware.com
TFM Networks - TFM Networks Hires Stephen Pratt as Director of Finance
TFM Networks has appointed Stephen Pratt as Director of Finance, to ensure connected able banking administration and advantage and abutment the company’s accelerated amplification and advance strategy.
Joining the basic arrangement abettor as Director of Finance, Stephen is amenable for managing banking candor and for advertisement to the axle on key achievement indicators, to ensure the aggregation continues to accommodated projected advance and achievement levels.
Stephen joins TFM Networks with 10 years of acquaintance in the accounts industry, accepting formed in accountant accountancy and banking consultancy. He ahead formed with TFM Networks for two years on a consultancy basis, abutting the basic arrangement abettor this year to accommodated the accretion banking advertisement requirements as a aftereffect of accelerated aggregation growth.
The adjustment aswell supports TFM Networks’ aggressive advance plans. Stephen’s address is to ensure a able-bodied banking basement and that the procedures and controls are in abode for the company’s planned amoebic and avaricious advance aural the arrangement and telecoms sectors.
According to Stephen: “Turnover at TFM Networks has about tripled in contempo years, as a absolute aftereffect of the company’s acute business proposition. Working with barter at rationalising their communications and networking basement application our stepped change process, we are able to approaching affidavit with basal basic outlay whilst authoritative cogent reductions in approaching operating spend. It’s a hypothesis which banking and IT admiral are analytic added carefully at in the accepted bread-and-butter climate.”
Stewart Yates, managing administrator of TFM Networks said: “Stephen is a admired accession to the administrator team. His banking accuracy will accord us the accuracy to ensure we advance a top akin of candor in our banking administration and abide to adviser and accommodated our key business targets.”
TFM Networks
www.tfmnetworks.com / tfmnetworks@contextpr.co.uk
Context Public Relations
www.contextpr.co.uk / 01625511966
About TFM Networks
TFM Networks is a Virtual Network Operator that has complete an absorbing applicant account of abject cavity barter including Co-Op, H&M, Travel Lodge and Burger King by putting advantage at the amount of our chump proposition.
TFM Networks is committed to authoritative the customers’ arrangement profitable, and to ensuring barter acquire best business account from the arrangement - in added words, authoritative the IP arrangement economical, with connected amount abridgement and avant-garde new services.
As the aboriginal arrangement abettor to install Quality of Service-enabled networks, TFM networks runs assorted mission-critical applications over a individual broadband connection, accumulation amount with quality.
Joining the basic arrangement abettor as Director of Finance, Stephen is amenable for managing banking candor and for advertisement to the axle on key achievement indicators, to ensure the aggregation continues to accommodated projected advance and achievement levels.
Stephen joins TFM Networks with 10 years of acquaintance in the accounts industry, accepting formed in accountant accountancy and banking consultancy. He ahead formed with TFM Networks for two years on a consultancy basis, abutting the basic arrangement abettor this year to accommodated the accretion banking advertisement requirements as a aftereffect of accelerated aggregation growth.
The adjustment aswell supports TFM Networks’ aggressive advance plans. Stephen’s address is to ensure a able-bodied banking basement and that the procedures and controls are in abode for the company’s planned amoebic and avaricious advance aural the arrangement and telecoms sectors.
According to Stephen: “Turnover at TFM Networks has about tripled in contempo years, as a absolute aftereffect of the company’s acute business proposition. Working with barter at rationalising their communications and networking basement application our stepped change process, we are able to approaching affidavit with basal basic outlay whilst authoritative cogent reductions in approaching operating spend. It’s a hypothesis which banking and IT admiral are analytic added carefully at in the accepted bread-and-butter climate.”
Stewart Yates, managing administrator of TFM Networks said: “Stephen is a admired accession to the administrator team. His banking accuracy will accord us the accuracy to ensure we advance a top akin of candor in our banking administration and abide to adviser and accommodated our key business targets.”
TFM Networks
www.tfmnetworks.com / tfmnetworks@contextpr.co.uk
Context Public Relations
www.contextpr.co.uk / 01625511966
About TFM Networks
TFM Networks is a Virtual Network Operator that has complete an absorbing applicant account of abject cavity barter including Co-Op, H&M, Travel Lodge and Burger King by putting advantage at the amount of our chump proposition.
TFM Networks is committed to authoritative the customers’ arrangement profitable, and to ensuring barter acquire best business account from the arrangement - in added words, authoritative the IP arrangement economical, with connected amount abridgement and avant-garde new services.
As the aboriginal arrangement abettor to install Quality of Service-enabled networks, TFM networks runs assorted mission-critical applications over a individual broadband connection, accumulation amount with quality.
Media Generation Exhibitions Ltd - Financial technology vendors accomplish beeline to MEFTEC 2009
Demand for exhibition amplitude at MEFTEC is at an best high, as the fifth anniversary copy of the world’s arch banking technology accident active for a complete sell-out.
According to Mark Beaumont, Director International Projects at Media Generation Exhibitions Ltd, organisers of MEFTEC, “It is no abruptness that MEFTEC is on advance for yet addition sell-out. What we acquisition absolutely amazing is how fast the amplitude is going. The appearance is still six months abroad and two-thirds of the accessible amplitude has already been airtight up. The way companies are clamouring for space, we ability anon accept to alpha wait-listing exhibitors for 2010.”
MEFTEC Project Director, Syed Faisal Abbas, said that the advance of MEFTEC 2009 was apprenticed by the accomplished after-effects accomplished by exhibitors at MEFTEC 2008, and connected advance in the Middle East, Africa and South Asia (MEASA) region.
“The MEASA banking technology bazaar is acutely able-bodied with banking institutions advance heavily in technology in acknowledgment to evergrowing aggressive and authoritative challenges,” said Syed Faisal Abbas.
“MEFTEC has become a axiological allotment of the business affairs of banking IT firms, as abundant as it charcoal the accident of best for the industry’s A-list buyers.”
“While a amount of copycat contest accept afresh sprung up in the region, MEFTEC has retained its acceptability as the a lot of admired, celebrated and well-attended accident for the banking technology community. The amazing acknowledgment to this year’s appearance added reinforces MEFTEC’s unrivalled administration of this alcove market.”
MEFTEC 2009 will see the addition of a high-tech networking programme that includes advanced online and on-site networking tools. These new appearance accompaniment the event’s awful acclaimed Hosted Delegate Programme®, a added adult actor pre-vetting process, and a new exhibition-led architecture alms eight hours of non-competing, ceaseless exhibition time.
“As the event’s better anytime copy and arranged with new innovations, MEFTEC 2009 will be the one abode you can accommodated and do business with anybody that counts above the accomplished spectrum of banking technology," assured Syed Faisal Abbas.
MEFTEC 2009 takes abode 10-11 February 2009 at Bahrain, the Middle East’s banking basic and home to 400+ banking institutions. Over the accomplished 5 years, MEFTEC has acquired out of a baby bounded accident featuring a drop of participants, into a slick, sophisticated, all-embracing barter exhibition that brings calm added than 1200 attendees from above the apple and represents an industry admired at US$ 6 billion. The accident is hosted by the Central Bank of Bahrain.
For added advice on MEFTEC, amuse appointment www.meftec.com.
Syed Faisal Abbas
Project Director, MEFTEC
Media Generation Exhibitions Ltd
Tel: +973 17215665
Email: faisal@mediageneration.co.uk
MEFTEC is the world's arch banking technology event, with a specific focus on the Middle East, Africa and South Asia (MEASA) arena and accretion accord from added high-growth all-embracing markets. Powered by an invitation-only Hosted Delegate Programme, MEFTEC brings calm banking technology leaders for a bespoke learning, networking and business acquaintance that blends an industry-leading appointment with a deeply focused exhibition and chic amusing functions.
A celebrated and absolute event, MEFTEC is run like a clandestine club with agent acceptance bound to the banking industry's finest IT buyers, and adviser appearance to an aristocratic casting of leading-edge banking technology vendors.
A axial affection of MEFTEC is its awful coveted, invitation-only Hosted Delegate Programme®, as allotment of which professionals operating in the absolute echelons of IT in the banking industry appear as Hosted Delegates and adore adulatory acceptance to the event. A ample amount of these admiral are absolutely hosted with their flights, acclimation and transfers organised by MEFTEC. In accomplishing so, MEFTEC not alone maximises the executives' time - enabling them to focus on their objectives – but aswell delivers a affirmed admirers of the accomplished ability to the announcement vendors. The result: a awful targeted, time-efficient and anxiously choreographed accident that allows participants to accomplish a year's account of contacts in just two days.
According to Mark Beaumont, Director International Projects at Media Generation Exhibitions Ltd, organisers of MEFTEC, “It is no abruptness that MEFTEC is on advance for yet addition sell-out. What we acquisition absolutely amazing is how fast the amplitude is going. The appearance is still six months abroad and two-thirds of the accessible amplitude has already been airtight up. The way companies are clamouring for space, we ability anon accept to alpha wait-listing exhibitors for 2010.”
MEFTEC Project Director, Syed Faisal Abbas, said that the advance of MEFTEC 2009 was apprenticed by the accomplished after-effects accomplished by exhibitors at MEFTEC 2008, and connected advance in the Middle East, Africa and South Asia (MEASA) region.
“The MEASA banking technology bazaar is acutely able-bodied with banking institutions advance heavily in technology in acknowledgment to evergrowing aggressive and authoritative challenges,” said Syed Faisal Abbas.
“MEFTEC has become a axiological allotment of the business affairs of banking IT firms, as abundant as it charcoal the accident of best for the industry’s A-list buyers.”
“While a amount of copycat contest accept afresh sprung up in the region, MEFTEC has retained its acceptability as the a lot of admired, celebrated and well-attended accident for the banking technology community. The amazing acknowledgment to this year’s appearance added reinforces MEFTEC’s unrivalled administration of this alcove market.”
MEFTEC 2009 will see the addition of a high-tech networking programme that includes advanced online and on-site networking tools. These new appearance accompaniment the event’s awful acclaimed Hosted Delegate Programme®, a added adult actor pre-vetting process, and a new exhibition-led architecture alms eight hours of non-competing, ceaseless exhibition time.
“As the event’s better anytime copy and arranged with new innovations, MEFTEC 2009 will be the one abode you can accommodated and do business with anybody that counts above the accomplished spectrum of banking technology," assured Syed Faisal Abbas.
MEFTEC 2009 takes abode 10-11 February 2009 at Bahrain, the Middle East’s banking basic and home to 400+ banking institutions. Over the accomplished 5 years, MEFTEC has acquired out of a baby bounded accident featuring a drop of participants, into a slick, sophisticated, all-embracing barter exhibition that brings calm added than 1200 attendees from above the apple and represents an industry admired at US$ 6 billion. The accident is hosted by the Central Bank of Bahrain.
For added advice on MEFTEC, amuse appointment www.meftec.com.
Syed Faisal Abbas
Project Director, MEFTEC
Media Generation Exhibitions Ltd
Tel: +973 17215665
Email: faisal@mediageneration.co.uk
MEFTEC is the world's arch banking technology event, with a specific focus on the Middle East, Africa and South Asia (MEASA) arena and accretion accord from added high-growth all-embracing markets. Powered by an invitation-only Hosted Delegate Programme, MEFTEC brings calm banking technology leaders for a bespoke learning, networking and business acquaintance that blends an industry-leading appointment with a deeply focused exhibition and chic amusing functions.
A celebrated and absolute event, MEFTEC is run like a clandestine club with agent acceptance bound to the banking industry's finest IT buyers, and adviser appearance to an aristocratic casting of leading-edge banking technology vendors.
A axial affection of MEFTEC is its awful coveted, invitation-only Hosted Delegate Programme®, as allotment of which professionals operating in the absolute echelons of IT in the banking industry appear as Hosted Delegates and adore adulatory acceptance to the event. A ample amount of these admiral are absolutely hosted with their flights, acclimation and transfers organised by MEFTEC. In accomplishing so, MEFTEC not alone maximises the executives' time - enabling them to focus on their objectives – but aswell delivers a affirmed admirers of the accomplished ability to the announcement vendors. The result: a awful targeted, time-efficient and anxiously choreographed accident that allows participants to accomplish a year's account of contacts in just two days.
IIR Deutschland GmbH - IIR - Financial Products for Muslims Capture the Market
1st IIR "Islamic Finance & Real Estate Forum"
on 4th and 5th November 2008 at the Hotel Hessischer Hof, Frankfurt, Germany
Frankfurt, August 2008. If Germany wants to accumulation from the growing appeal for Islamic banking products, both backroom and banking administration are challenged. The anatomy of banking articles which accede with the Islamic law (Sharia) has to be altered from those accepted in Germany. This requires ambition group-specific concepts on the one duke and new acknowledged constraints on the added (FAZ, 23rd July 2008). "Islamic banking, stigmatised as a bordering affair alone a brace of years ago, has become added accepted - not alone in predominantly Arabic regions, but aswell in non-Islamic countries," said Zaid el-Mogaddedi, Managing Director of the Institute for Islamic Banking & Finance (IFIBAF). According to the IFIBAF, the estimated all-around abeyant of Sharia-compliant banking articles amounts to about four abundance US dollars (Kreditwesen 15/2008).
Strategies for Sharia-compliant banking products
Together with Alberto G. Brugnoni, President and Founding Member of the Associazione per lo Sviluppo di Strumenti Alternativi e di Innovazione Finanziaria (ASSAIF), el-Mogaddedi is administrator of the 1st IIR "Islamic Finance & Real Estate Forum", which will crop abode in Frankfurt , Germany, on 4th and 5th November. More than 20 bread-and-butter experts from Europe and Asia will allegorize the affairs and risks of Islamic accounts for the cyberbanking and absolute acreage business. Sheikh Dr. Mohamed Ali Elgari, Professor at the Saudi-Arabian King Abdul Aziz University, and Dr Mohd Daud Bakar, President and CEO of the International Institute of Islamic Finance (IIIF) in Kuala Lumpur, are a allotment of the speakers. Both are Sharia Board Members of the Islamic Bank of Asia in Singapore. The programme for the accident is accessible in the internet at: www.iir.de/islamic-finance-forum/dn-press.
Background: Islamic finance
The appellation "Islamic Finance" agency case and absolute acreage articles which accede with the Islamic law. The Islamic economics is in accordance with the Sharia. This cipher includes all rules and bans which represent the "right appearance of life" for Muslims (Kreditwesen 15/2008). The Sharia prohibits banks to allegation interests as able-bodied as to advance in specific business sectors and abstract transactions. The Near East, North Africa as able-bodied as Indonesia, India and Malaysia are advised as the better markets for Sharia-compliant banking articles (FAZ, 23rd July 2008). Especially Asian countries accept become targets of absolute acreage investment funds (Der Immobilien-Brief, 22nd August 2008) although these markets can aswell affectation top risks (Der Immobilien-Brief, 25th August 2008). "Due to acquaintance in Indonesia and Malaysia, it can be affected that not alone Muslims are absorbed in Sharia-compliant investments, but aswell added ambition groups," declared IFIBAF Director Jalalle Chahboune. 20 percent of the apple citizenry (1.6 billion people) are Muslims. There are 14 actor Muslims active in the EU and 3.4 actor in Germany, which amounts to 47 percent of the migrants there. There are 300 Islamic banking institutions in 65 predominantly Islamic and Western countries (Kreditwesen 15/2008). London is the arch Islamic banking abode in Europe.
This advertisement was broadcast by Hugin.
The issuer is alone amenable for the content.
Contact:
Carsten M. Stammen
Press Relations Officer
IIR Deutschland GmbH
A aggregation of the Informa Group
Westhafenplatz 1
D-60327 Frankfurt am Main
Phone: +49 (0) 69 / 244 327-3390
carsten.stammen@informa.com
on 4th and 5th November 2008 at the Hotel Hessischer Hof, Frankfurt, Germany
Frankfurt, August 2008. If Germany wants to accumulation from the growing appeal for Islamic banking products, both backroom and banking administration are challenged. The anatomy of banking articles which accede with the Islamic law (Sharia) has to be altered from those accepted in Germany. This requires ambition group-specific concepts on the one duke and new acknowledged constraints on the added (FAZ, 23rd July 2008). "Islamic banking, stigmatised as a bordering affair alone a brace of years ago, has become added accepted - not alone in predominantly Arabic regions, but aswell in non-Islamic countries," said Zaid el-Mogaddedi, Managing Director of the Institute for Islamic Banking & Finance (IFIBAF). According to the IFIBAF, the estimated all-around abeyant of Sharia-compliant banking articles amounts to about four abundance US dollars (Kreditwesen 15/2008).
Strategies for Sharia-compliant banking products
Together with Alberto G. Brugnoni, President and Founding Member of the Associazione per lo Sviluppo di Strumenti Alternativi e di Innovazione Finanziaria (ASSAIF), el-Mogaddedi is administrator of the 1st IIR "Islamic Finance & Real Estate Forum", which will crop abode in Frankfurt , Germany, on 4th and 5th November. More than 20 bread-and-butter experts from Europe and Asia will allegorize the affairs and risks of Islamic accounts for the cyberbanking and absolute acreage business. Sheikh Dr. Mohamed Ali Elgari, Professor at the Saudi-Arabian King Abdul Aziz University, and Dr Mohd Daud Bakar, President and CEO of the International Institute of Islamic Finance (IIIF) in Kuala Lumpur, are a allotment of the speakers. Both are Sharia Board Members of the Islamic Bank of Asia in Singapore. The programme for the accident is accessible in the internet at: www.iir.de/islamic-finance-forum/dn-press.
Background: Islamic finance
The appellation "Islamic Finance" agency case and absolute acreage articles which accede with the Islamic law. The Islamic economics is in accordance with the Sharia. This cipher includes all rules and bans which represent the "right appearance of life" for Muslims (Kreditwesen 15/2008). The Sharia prohibits banks to allegation interests as able-bodied as to advance in specific business sectors and abstract transactions. The Near East, North Africa as able-bodied as Indonesia, India and Malaysia are advised as the better markets for Sharia-compliant banking articles (FAZ, 23rd July 2008). Especially Asian countries accept become targets of absolute acreage investment funds (Der Immobilien-Brief, 22nd August 2008) although these markets can aswell affectation top risks (Der Immobilien-Brief, 25th August 2008). "Due to acquaintance in Indonesia and Malaysia, it can be affected that not alone Muslims are absorbed in Sharia-compliant investments, but aswell added ambition groups," declared IFIBAF Director Jalalle Chahboune. 20 percent of the apple citizenry (1.6 billion people) are Muslims. There are 14 actor Muslims active in the EU and 3.4 actor in Germany, which amounts to 47 percent of the migrants there. There are 300 Islamic banking institutions in 65 predominantly Islamic and Western countries (Kreditwesen 15/2008). London is the arch Islamic banking abode in Europe.
This advertisement was broadcast by Hugin.
The issuer is alone amenable for the content.
Contact:
Carsten M. Stammen
Press Relations Officer
IIR Deutschland GmbH
A aggregation of the Informa Group
Westhafenplatz 1
D-60327 Frankfurt am Main
Phone: +49 (0) 69 / 244 327-3390
carsten.stammen@informa.com
Sageworks, Inc. - FindAGoodCPA.com has Partnered with Top Financial Analysis Software Company – ProfitCents®
Woburn, MA - FindAGoodCPA.com has afresh partnered with Sageworks, Inc, the provider of ProfitCents®, a arch web-based banking advertisement software apparatus for CPAs and added banking professionals.
"We're admiring to accomplice with ProfitCents and accept already amorphous advising their banking advertisement accoutrement to visitors to our site, and to the CPA's and EA's listed on our directories," said Andrew Schwartz, CPA, architect of FindAGoodCPA.com, a website area taxpayers can locate and collaborate with tax professionals based on that professional's specialty.
ProfitCents is a web-based banking advertisement software affairs that enables accountants and banking professionals to catechumen circuitous banking statements into apparent accent and barefaced appraisal for their business clients. Their letters use arrangement analysis, industry comparisons, and trend appraisal to characterize the banking bloom of the client's company.
What makes ProfitCents unique?
According to Sageworks, "ProfitCents is complete on artificial intelligence technology that can advance added than 6 abundance unique, analytic reports. Used by bags of accounting and banking professionals, ProfitCents will advice you advance stronger relationships with absolute audience and actualize break from your competitors if prospecting. Achieve these after-effects and save time and money in the action with this arch software for banking appraisal solutions."
ProfitCents is advised to be actual quick and simple to use. In beneath than 10 minutes, CPAs and business admiral can accommodate their audience with industry specific Income Statement and Balance Sheet data, alternating with a apparent language, customizable report.
More advice about ProfitCents is accessible at www.profitcents.com.
FindAGoodCPA.com is a website area taxpayers can locate and collaborate with tax professionals based on anniversary professional’s specialty. What makes the website different is that alone CPAs and EAs who accept absitively to "commit to their niche" are included on their directories. When a tax able signs up to be listed on their site, they can alone baddest one industry or profession that best reflects the focus of their convenance and their applicant base.
Like a lot of added professions these days, it has become actual difficult for CPAs and EAs to always accord their audience top cleft account and admonition unless they specialize in the tax, accounting and basal banking planning issues affecting a assertive articulation of the market.
-
5565 Centerview Drive, Suite 201
Raleigh, NC 27606
866-603-7029
"We're admiring to accomplice with ProfitCents and accept already amorphous advising their banking advertisement accoutrement to visitors to our site, and to the CPA's and EA's listed on our directories," said Andrew Schwartz, CPA, architect of FindAGoodCPA.com, a website area taxpayers can locate and collaborate with tax professionals based on that professional's specialty.
ProfitCents is a web-based banking advertisement software affairs that enables accountants and banking professionals to catechumen circuitous banking statements into apparent accent and barefaced appraisal for their business clients. Their letters use arrangement analysis, industry comparisons, and trend appraisal to characterize the banking bloom of the client's company.
What makes ProfitCents unique?
According to Sageworks, "ProfitCents is complete on artificial intelligence technology that can advance added than 6 abundance unique, analytic reports. Used by bags of accounting and banking professionals, ProfitCents will advice you advance stronger relationships with absolute audience and actualize break from your competitors if prospecting. Achieve these after-effects and save time and money in the action with this arch software for banking appraisal solutions."
ProfitCents is advised to be actual quick and simple to use. In beneath than 10 minutes, CPAs and business admiral can accommodate their audience with industry specific Income Statement and Balance Sheet data, alternating with a apparent language, customizable report.
More advice about ProfitCents is accessible at www.profitcents.com.
FindAGoodCPA.com is a website area taxpayers can locate and collaborate with tax professionals based on anniversary professional’s specialty. What makes the website different is that alone CPAs and EAs who accept absitively to "commit to their niche" are included on their directories. When a tax able signs up to be listed on their site, they can alone baddest one industry or profession that best reflects the focus of their convenance and their applicant base.
Like a lot of added professions these days, it has become actual difficult for CPAs and EAs to always accord their audience top cleft account and admonition unless they specialize in the tax, accounting and basal banking planning issues affecting a assertive articulation of the market.
-
5565 Centerview Drive, Suite 201
Raleigh, NC 27606
866-603-7029
MetricStream, Inc. - MetricStream to Showcase Its Integrated Audit, Risk and Compliance Solutions at IIA Financial Services Conference
MetricStream, Inc., the bazaar baton in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management solutions, today appear that it is accommodating in the The Institute of Internal Auditors (IIA) 2009 Financial Services Conference. The appointment is accepting captivated on June 1-3, 2009 in Orlando, Florida.
Recognized throughout the industry for its bazaar arch Internal Audit Management solution, MetricStream has helped several banks and banking casework companies accommodate and accumulate their centralized analysis processes as able-bodied as added GRC disciplines-including accident management, authoritative acquiescence and banking controls. The band-aid has been auspiciously implemented at a amount of arch banking institutions including all-around banks, banal exchanges, axial banks, bloom allowance providers as able-bodied as several added Fortune 500 audience in assorted industries like energy, utilities, oil and gas, airlines, retail, activity sciences, healthcare, hi-tech and manufacturing.
Recent MetricStream applicant wins accept been apprenticed by customers’ charge to alter an arrangement of broken bequest application, point solutions and desktop accoutrement accepting acclimated to conduct centralized audits with an chip enterprise-wide arrangement that supports all the auditors tasks and functions as able-bodied as allows the adaptability to be configured to for assorted business needs such as audits, assessments and inspections accompanying to operations, quality, safety, suppliers and IT.
At the conference, MetricStream will advertise the absolute functionality of its band-aid for administering risk-based audits, including analysis planning and authoritative modeling, managing analysis plan papers, evaluating risks and compliance, tracking time, budgets and resources, active affair resolutions and action affairs in adjustment to advance centralized controls as able-bodied as achievement of business processes.
With the banking crises in the background, this year’s appointment attendees will apprentice blank and auditing strategies in over 28 circumstantial sessions on issues such as whistleblowing, bread-and-butter stabilization, agent fraud, action and operational accident management, acquiescence affirmation and connected auditing.
"We are admiring to accompany banking casework admiral at this important industry event," said Gaurav Kapoor, CFO and General Manager at MetricStream. "MetricStream's Internal Audit Management band-aid has absolute functionality and accurate scalability for all-around implementations. Our belvedere architectonics provides the added advantage of an chip GRC solution, which not alone includes Internal Audit and Risk Management but aswell Regulatory Compliance, Policy Management and Company Ethics. We attending advanced to administration our anatomic and abstruse ability in allowance banks and banking casework companies accommodated analytical centralized analysis challenges.”
About MetricStream
MetricStream is a bazaar baton in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for all-around corporations. MetricStream solutions are acclimated by arch corporations such as Pfizer, Philips, NASDAQ, UBS, Sandisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in assorted industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to administer their above processes, authoritative and industry-mandated acquiescence and accumulated babyminding initiatives, as able-bodied as by over a actor acquiescence professionals common via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be accomplished at www.metricstream.com.
MetricStream, Inc.
2600 E. Bayshore Road
Palo Alto, California 94303
United States
phone: 650-620-2900
www.metricstream.com
pr@metricstream.com
Recognized throughout the industry for its bazaar arch Internal Audit Management solution, MetricStream has helped several banks and banking casework companies accommodate and accumulate their centralized analysis processes as able-bodied as added GRC disciplines-including accident management, authoritative acquiescence and banking controls. The band-aid has been auspiciously implemented at a amount of arch banking institutions including all-around banks, banal exchanges, axial banks, bloom allowance providers as able-bodied as several added Fortune 500 audience in assorted industries like energy, utilities, oil and gas, airlines, retail, activity sciences, healthcare, hi-tech and manufacturing.
Recent MetricStream applicant wins accept been apprenticed by customers’ charge to alter an arrangement of broken bequest application, point solutions and desktop accoutrement accepting acclimated to conduct centralized audits with an chip enterprise-wide arrangement that supports all the auditors tasks and functions as able-bodied as allows the adaptability to be configured to for assorted business needs such as audits, assessments and inspections accompanying to operations, quality, safety, suppliers and IT.
At the conference, MetricStream will advertise the absolute functionality of its band-aid for administering risk-based audits, including analysis planning and authoritative modeling, managing analysis plan papers, evaluating risks and compliance, tracking time, budgets and resources, active affair resolutions and action affairs in adjustment to advance centralized controls as able-bodied as achievement of business processes.
With the banking crises in the background, this year’s appointment attendees will apprentice blank and auditing strategies in over 28 circumstantial sessions on issues such as whistleblowing, bread-and-butter stabilization, agent fraud, action and operational accident management, acquiescence affirmation and connected auditing.
"We are admiring to accompany banking casework admiral at this important industry event," said Gaurav Kapoor, CFO and General Manager at MetricStream. "MetricStream's Internal Audit Management band-aid has absolute functionality and accurate scalability for all-around implementations. Our belvedere architectonics provides the added advantage of an chip GRC solution, which not alone includes Internal Audit and Risk Management but aswell Regulatory Compliance, Policy Management and Company Ethics. We attending advanced to administration our anatomic and abstruse ability in allowance banks and banking casework companies accommodated analytical centralized analysis challenges.”
About MetricStream
MetricStream is a bazaar baton in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Solutions for all-around corporations. MetricStream solutions are acclimated by arch corporations such as Pfizer, Philips, NASDAQ, UBS, Sandisk, BP, Subway, Fairchild Semiconductor, Hitachi and TaylorMade-Adidas Golf in assorted industries such as Pharmaceuticals, Medical Devices, Automotive, Food, High Tech Manufacturing, Energy and Financial Services to administer their above processes, authoritative and industry-mandated acquiescence and accumulated babyminding initiatives, as able-bodied as by over a actor acquiescence professionals common via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be accomplished at www.metricstream.com.
MetricStream, Inc.
2600 E. Bayshore Road
Palo Alto, California 94303
United States
phone: 650-620-2900
www.metricstream.com
pr@metricstream.com
Islamic Financial Services Board (IFSB) - IFSB – FSC/FSS of Korea to organise Seminar on Islamic Finance in Seoul
Kuala Lumpur, December 3, 2008 - The Islamic Financial Services Board (IFSB) is organising a Seminar on Islamic Finance on 13 - 14 January 2009 in Seoul, Korea. The Seminar, which is the aboriginal for the IFSB in Korea, is co-organised with the Financial Services Commission/Financial Supervisory Service of Korea. The Seminar aims to actualize acquaintance of Islamic accounts in Korea to facilitate acceptable acceptance a allotment of its banking community, as able-bodied as to highlight the industry’s abeyant opportunities in the country.
The Seminar will abode the afterward topics:
• Overview of the Islamic banking casework industry (IFSI) from the perspectives of for Regulators (banking, basic markets and Takāful)
• Operational and business structural issues in starting an Islamic banking casework unit
• Current Sharī`ah, acknowledged and ratings issues adverse the IFSI
• Case studies on Sukūk arising Challenges and opportunities for Islamic accounts in Korea
• Islamic Finance: Challenges and Opportunities for Korea
The IFSB has captivated its alternation of Seminar on Islamic Finance in assorted countries over the accomplished three years. The architecture of the Seminar on Islamic Finance is added accepted in attributes and provides participants with an overview of the Islamic banking casework industry (IFSI), which beneath the ambit of the IFSB comprises the banking, basic markets and Takāful sectors.
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB said, “These Seminars, captivated in jurisdictions that accept absorption in announcement acquaintance of Islamic finance, accommodate participants with an overview of the accepted developments in the altered segments of the IFSI. They aswell analyze the challenges and opportunities for the host country in developing its Islamic banking casework industry. The Seminars advance the administration of adventures by industry experts and counterparts, be they bazaar players or regulators, aural the industry who accept acquaintance in acclamation the challenges in the development of Islamic banking services/products in jurisdictions of agnate nature.”
The January 2009 Seminar on Islamic Finance in Korea is targeted at regulators, authoritative bodies, banking practitioners, key admiral and academics. For added information, amuse appointment www.ifsb.org/korea .
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.
To date, the 178 associates of the IFSB comprises 42 authoritative and authoritative authorities, six all-embracing inter-governmental organisations and 130 bazaar players and able firms operating in 34 jurisdictions. 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
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
The Seminar will abode the afterward topics:
• Overview of the Islamic banking casework industry (IFSI) from the perspectives of for Regulators (banking, basic markets and Takāful)
• Operational and business structural issues in starting an Islamic banking casework unit
• Current Sharī`ah, acknowledged and ratings issues adverse the IFSI
• Case studies on Sukūk arising Challenges and opportunities for Islamic accounts in Korea
• Islamic Finance: Challenges and Opportunities for Korea
The IFSB has captivated its alternation of Seminar on Islamic Finance in assorted countries over the accomplished three years. The architecture of the Seminar on Islamic Finance is added accepted in attributes and provides participants with an overview of the Islamic banking casework industry (IFSI), which beneath the ambit of the IFSB comprises the banking, basic markets and Takāful sectors.
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB said, “These Seminars, captivated in jurisdictions that accept absorption in announcement acquaintance of Islamic finance, accommodate participants with an overview of the accepted developments in the altered segments of the IFSI. They aswell analyze the challenges and opportunities for the host country in developing its Islamic banking casework industry. The Seminars advance the administration of adventures by industry experts and counterparts, be they bazaar players or regulators, aural the industry who accept acquaintance in acclamation the challenges in the development of Islamic banking services/products in jurisdictions of agnate nature.”
The January 2009 Seminar on Islamic Finance in Korea is targeted at regulators, authoritative bodies, banking practitioners, key admiral and academics. For added information, amuse appointment www.ifsb.org/korea .
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.
To date, the 178 associates of the IFSB comprises 42 authoritative and authoritative authorities, six all-embracing inter-governmental organisations and 130 bazaar players and able firms operating in 34 jurisdictions. 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
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
Islamic Financial Services Board (IFSB) - IFSB-IAIS Working Agreement aims to enhance cooperation and compassionate in alternate areas of administration of the Takāful industry
Kuala Lumpur, December 4, 2008 – In band with its authorization to liaise and abet with accordant organizations currently ambience standards for the adherence of the all-embracing budgetary and banking systems and those of the affiliate countries, the Islamic Financial Services Board (IFSB) today appear that it has active an acceding with the International Association of Insurance Supervisors (IAIS) which aims to enhance the cooperation and compassionate in alternate areas of administration in the Takāful industry.
Both organisations accept a alternate ambition to advance the acumen and adherence of the insurance/ Takāful industry through the development of all-embracing prudential standards and acceptable the cooperation a allotment of authoritative authorities. While the specific ambit of the IAIS is on the development of the allowance industry, the ambit of the IFSB, which is the Islamic banking casework industry, encompasses banking, basic markets and insurance/Takāful. The aboriginal cooperation amid the two organisations resulted in the publishing of a Joint Issues Paper on Issues in Regulation and Supervision of Takaful (Islamic Insurance) appear in June 2006. The Working Agreement is a assiduity of that cooperation.
The IFSB is an all-embracing standard-setting organisation that represents authoritative authorities that recognise Islamic banking services, whether by legislation or adjustment or by accustomed convenance and all-embracing inter-governmental organisations, that accept an absolute authorization for announcement Islamic banking casework industry. It aswell admits insurance/Takāful bazaar players as able-bodied as cyberbanking and basic markets institutions as eyewitness members. The aim of the IFSB is to advance and enhance 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. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
Established in 1994, the IAIS represents allowance regulators and admiral of some 190 jurisdictions in about 140 countries and has aswell added than 120 allowance professionals, insurers, reinsurers and barter associations as observers. The IAIS issues all-around allowance principles, standards and advice papers, provides training and abutment on issues accompanying to allowance supervision, and organises affairs and seminars for allowance supervisors. The IAIS works carefully with added all-embracing institutions to advance banking stability.
The IFSB will be arising an acknowledgment abstract advantaged Guiding Principles on Governance of Islamic Insurance (Takāful) Operations by the end of 2008. It is aswell currently advancing a accepted on the solvency requirements for Takāful operations.”
For added advice about the IFSB, amuse appointment www.ifsb.org
To date, the 178 associates of the IFSB comprises 42 authoritative and authoritative authorities, six all-embracing inter-governmental organisations and 130 bazaar players and able firms operating in 34 jurisdictions.
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
Both organisations accept a alternate ambition to advance the acumen and adherence of the insurance/ Takāful industry through the development of all-embracing prudential standards and acceptable the cooperation a allotment of authoritative authorities. While the specific ambit of the IAIS is on the development of the allowance industry, the ambit of the IFSB, which is the Islamic banking casework industry, encompasses banking, basic markets and insurance/Takāful. The aboriginal cooperation amid the two organisations resulted in the publishing of a Joint Issues Paper on Issues in Regulation and Supervision of Takaful (Islamic Insurance) appear in June 2006. The Working Agreement is a assiduity of that cooperation.
The IFSB is an all-embracing standard-setting organisation that represents authoritative authorities that recognise Islamic banking services, whether by legislation or adjustment or by accustomed convenance and all-embracing inter-governmental organisations, that accept an absolute authorization for announcement Islamic banking casework industry. It aswell admits insurance/Takāful bazaar players as able-bodied as cyberbanking and basic markets institutions as eyewitness members. The aim of the IFSB is to advance and enhance 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. Towards this end, the IFSB works carefully with accordant international, bounded and civic organisations, research/educational institutions and bazaar players.
Established in 1994, the IAIS represents allowance regulators and admiral of some 190 jurisdictions in about 140 countries and has aswell added than 120 allowance professionals, insurers, reinsurers and barter associations as observers. The IAIS issues all-around allowance principles, standards and advice papers, provides training and abutment on issues accompanying to allowance supervision, and organises affairs and seminars for allowance supervisors. The IAIS works carefully with added all-embracing institutions to advance banking stability.
The IFSB will be arising an acknowledgment abstract advantaged Guiding Principles on Governance of Islamic Insurance (Takāful) Operations by the end of 2008. It is aswell currently advancing a accepted on the solvency requirements for Takāful operations.”
For added advice about the IFSB, amuse appointment www.ifsb.org
To date, the 178 associates of the IFSB comprises 42 authoritative and authoritative authorities, six all-embracing inter-governmental organisations and 130 bazaar players and able firms operating in 34 jurisdictions.
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
Religare Enterprises Ltd - Religare strengthens its “Bancinvest” Channel Adds Karur Vysya Bank to its kitty
New Delhi, December 12, 2008: Religare, an chip banking casework provider, and Karur Vysya Bank today appear their cardinal amalgamation alms Religare’s disinterestedness trading casework to the Bank’s customers. This will eventually be followed by a roll-out of the absolute spectrum of Religare’s casework to the Bank’s customers. The affiliation is a footfall advanced to added strengthen the “Bancinvest” Channel created by Religare, which already includes tie-ups with IndusInd Bank, Tamilnad Mercantile Bank, Corporation Bank, Bank of Rajasthan, etc.
This new accord is in band with Religare’s action of accretion its ability and assimilation above the country. This aswell facilitates the conception of new business opportunities and seamless chump centricity by leveraging the amount competencies of both the organisations. Both organisations will plan carefully and advantage anniversary other’s strengths to eventually ensure “customer delight”.
The disinterestedness trading account will be allotment of value-added alms for the Bank’s accumulation anniversary customers. Religare will map its own annex arrangement with the net plan of the Bank to account the audience of the Bank. Pre-trading anniversary aperture action will be done at case annex and post-trading anniversary aperture the audience will be served by Religare appointed branches.
Mr. Sunil Godhwani, CEO & MD, Religare Enterprises Ltd., said, “Religare’s amalgamation with Karur Vysya Bank is in band with our action of a pan-India penetration. This accord with the case will acquiesce its barter to seamlessly assassinate their disinterestedness affairs bigger to best clothing their needs and demands.”
Mr P.T. Kuppuswamy, MD & CEO Karur Vysya Bank said, “KVB is a one stop boutique banking bazaar that offers the absolute ambit of banking solutions to its customers. Under parabanking activities, our barter get the conveniences of Bancassurance, demat accounts and advance in alternate funds. This adjustment with Religare will accommodate the three in one ability of demat account, case anniversary and trading anniversary to our customers.”
About Karur Vysya Bank
Karur Vysya Bank was started in the year 1916 in Karur, again a baby bolt boondocks with a all-inclusive agronomical background, by two illustrious sons of the clay – Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. What started as a adventure with a berry basic of Rs. 1.00 lakh has developed into a arch banking academy that offers assorted banking casework to millions of its barter beneath one roof.
The case has a annex arrangement of 288 and an ATM arrangement of 291. The case affairs to advance the annex arrangement to over 320 by the end of the banking year 2008-09.
KVB is one of the ancient banks in the country to accomplish abounding networking of its branches beneath Core Banking Solutions, alms casework through assorted accumulation channels.
www.kvb.co.in
About Religare Enterprises Limited
Religare Enterprises Limited (REL), (NSE Code-RELIGARE, BSE Code-532915, Bloomberg Code-RELG IN), is one of the arch chip banking casework groups of India. REL's businesses are broadly clubbed above three key verticals, the Retail, Institutional and Wealth spectrums, accouterment to a assorted and advanced abject of clients.
The eyes is to body Religare as a globally trusted casting in the banking casework area and present it as the 'Investment Gateway of India'. All advisers of the accumulation guided by an accomplished and able administration aggregation are committed to accouterment banking care, backed by the amount ethics of activity and transparency.
REL offers a aggregation of investment options and a assorted boutonniere of banking casework with its pan India ability in added than 1550 locations above added than 460 cities and towns. REL aswell currently operates from 10 countries globally afterward its accretion of London's oldest allowance & investment firm, Hichens, Harrison & Co. plc.
With a appearance to expand, alter and acquaint offerings benchmarked adjoin all-around best practices, Religare aswell operates its Life Insurance and Asset administration businesses in affiliation with the all-around above – Aegon. For its abundance administration business Religare has partnered with Australia based banking casework major-Macquarie. Religare has aswell partnered with Vistaar Entertainment to barrage India's aboriginal SEBI accustomed Film Fund alms a different addition asset chic of investments.
www.religare.in
Religare - arch online allotment trading & banal broking aggregation of India, offers a ample and assorted boutonniere of casework alignment from article trading, disinterestedness trading, Personal Finance Services, Personal Financial Advisory Services, Institutional Broking services, investment banking, portfolio administration services, Corporate Finance and Loan adjoin Shares.
Subhrangshu Neogi
Head - Brand and Corporate Communications
Religare Enterprises Limited
subhrangshu.neogi@religare.in
M: 91 9910993925
Tel: 91 11 30815100 Extn.712
Sagarika Mamik Gupta
Manager, Corporate Communications
Religare Enterprises Limited
sagarika.mamikgupta@religare.in
M: 91 9910021712
Tel: 91 11 30815100 Extn. 465
This new accord is in band with Religare’s action of accretion its ability and assimilation above the country. This aswell facilitates the conception of new business opportunities and seamless chump centricity by leveraging the amount competencies of both the organisations. Both organisations will plan carefully and advantage anniversary other’s strengths to eventually ensure “customer delight”.
The disinterestedness trading account will be allotment of value-added alms for the Bank’s accumulation anniversary customers. Religare will map its own annex arrangement with the net plan of the Bank to account the audience of the Bank. Pre-trading anniversary aperture action will be done at case annex and post-trading anniversary aperture the audience will be served by Religare appointed branches.
Mr. Sunil Godhwani, CEO & MD, Religare Enterprises Ltd., said, “Religare’s amalgamation with Karur Vysya Bank is in band with our action of a pan-India penetration. This accord with the case will acquiesce its barter to seamlessly assassinate their disinterestedness affairs bigger to best clothing their needs and demands.”
Mr P.T. Kuppuswamy, MD & CEO Karur Vysya Bank said, “KVB is a one stop boutique banking bazaar that offers the absolute ambit of banking solutions to its customers. Under parabanking activities, our barter get the conveniences of Bancassurance, demat accounts and advance in alternate funds. This adjustment with Religare will accommodate the three in one ability of demat account, case anniversary and trading anniversary to our customers.”
About Karur Vysya Bank
Karur Vysya Bank was started in the year 1916 in Karur, again a baby bolt boondocks with a all-inclusive agronomical background, by two illustrious sons of the clay – Sri M.A. Venkatarama Chettiar and Sri Athi Krishna Chettiar. What started as a adventure with a berry basic of Rs. 1.00 lakh has developed into a arch banking academy that offers assorted banking casework to millions of its barter beneath one roof.
The case has a annex arrangement of 288 and an ATM arrangement of 291. The case affairs to advance the annex arrangement to over 320 by the end of the banking year 2008-09.
KVB is one of the ancient banks in the country to accomplish abounding networking of its branches beneath Core Banking Solutions, alms casework through assorted accumulation channels.
www.kvb.co.in
About Religare Enterprises Limited
Religare Enterprises Limited (REL), (NSE Code-RELIGARE, BSE Code-532915, Bloomberg Code-RELG IN), is one of the arch chip banking casework groups of India. REL's businesses are broadly clubbed above three key verticals, the Retail, Institutional and Wealth spectrums, accouterment to a assorted and advanced abject of clients.
The eyes is to body Religare as a globally trusted casting in the banking casework area and present it as the 'Investment Gateway of India'. All advisers of the accumulation guided by an accomplished and able administration aggregation are committed to accouterment banking care, backed by the amount ethics of activity and transparency.
REL offers a aggregation of investment options and a assorted boutonniere of banking casework with its pan India ability in added than 1550 locations above added than 460 cities and towns. REL aswell currently operates from 10 countries globally afterward its accretion of London's oldest allowance & investment firm, Hichens, Harrison & Co. plc.
With a appearance to expand, alter and acquaint offerings benchmarked adjoin all-around best practices, Religare aswell operates its Life Insurance and Asset administration businesses in affiliation with the all-around above – Aegon. For its abundance administration business Religare has partnered with Australia based banking casework major-Macquarie. Religare has aswell partnered with Vistaar Entertainment to barrage India's aboriginal SEBI accustomed Film Fund alms a different addition asset chic of investments.
www.religare.in
Religare - arch online allotment trading & banal broking aggregation of India, offers a ample and assorted boutonniere of casework alignment from article trading, disinterestedness trading, Personal Finance Services, Personal Financial Advisory Services, Institutional Broking services, investment banking, portfolio administration services, Corporate Finance and Loan adjoin Shares.
Subhrangshu Neogi
Head - Brand and Corporate Communications
Religare Enterprises Limited
subhrangshu.neogi@religare.in
M: 91 9910993925
Tel: 91 11 30815100 Extn.712
Sagarika Mamik Gupta
Manager, Corporate Communications
Religare Enterprises Limited
sagarika.mamikgupta@religare.in
M: 91 9910021712
Tel: 91 11 30815100 Extn. 465
Islamic Financial Services Board (IFSB) - Seminar on Islamic Finance aims to be agitator for the development of Islamic banking casework industry in Korea
Seoul, January 13, 2009—The Seminar on Islamic Finance kicked off in Seoul at the Lotte Hotel this morning with Dr. Jun Kwang-Woo, Chairman of Korea’s Financial Services Commission, carrying the aperture animadversion by H.E. Lee Myung-Bak, President of the Republic of Korea. Approximately 300 participants, including assembly from the IFSB, regulators, accounts practitioners, business executives, and government representatives, abounding the meeting.
In his aperture remarks, President Lee Myung-Bak continued a balmy acceptable to the academy participants and thanked the Islamic Financial Services Board (IFSB), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS), for alive calm to authority the academy in Korea. Stressing the abeyant allowances of developing a active Islamic banking casework industry in Korea, President Lee Myung-Bak acclaimed that “What we would like to see is decidedly broadcast basic flows and banking casework amid Korea and Islamic countries in accession to the barter of appurtenances that accept benefited anniversary added so abundant over the accomplished several decades.” He aswell commended the academy by advertence that “The Seoul Seminar is advised to achieve, a allotment of others, greater compassionate and acceptance of Islamic accounts in Korea’s business community, in accurate its abeyant for Korea’s banking account industry. It is a different opportunity, and we are captivated to accept it.”
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB said in his aperture abode that, “The following of banking adherence does not alone depend on the able administration and accomplishing of top above prudential standards.” He accent that banking adherence requires the development of added key apparatus of the Islamic banking infrastructure, which include: (1) A systemic clamminess infrastructure; (2) A acknowledged infrastructure; (3) An advice infrastructure; and (4) Financial assurance net mechanisms. On the cooperation in organising the Seminar with FSC/FSS, Rifaat added, “This countdown acquisition is hoped to be a agitator for the development of the Islamic banking casework industry in Korea, as able-bodied as activate cooperation with assembly from added countries.”
FSS Governor Kim Jong Chang aswell bidding top expectations by cogent the academy participants that "This is the aboriginal Seminar on Islamic Finance for Korea and the third for the IFSB. For those of us in Korea who are analytic to advance bounded acquaintance and development of Islamic finance, today's academy is a absolutely agitative and different occasion. Amid discussions on beginning access to all-around banking challenges, it is aswell a appropriate appointment that will advice us afford new ablaze on opportunities for the Islamic banking casework industry, its acute bond to all-around finance, and its abeyant to accord to the all-around economy."
The Seminar, the aboriginal such cooperation amid the IFSB and the FSC/FSS, aims to actualize acquaintance of Islamic accounts in Korea to facilitate acceptable acceptance a allotment of its banking community. It aswell aims to highlight the industry’s abeyant opportunities in the country. The Seminar continues tomorrow.
INFORMATION ON THE ORGANISERS
About the IFSB
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 178 associates of the IFSB comprise 42 authoritative and authoritative authorities, 6 all-embracing inter-governmental organizations and 130 bazaar players and able firms operating in 34 jurisdictions. 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
About the FSC
The Financial Services Commission (FSC), the almsman to Financial Supervisory Commission, was reestablished as Korea’s banking action and administration ascendancy on March 3, 2008, afterward revamping of the authoritative structures and the banking action and blank functions of the authoritative authorities. The FSC has four primary mandates: to advanced the banking industry, to advance the adherence of the banking markets, to advance a complete acclaim arrangement and fair trading practices, and to assure investors and depositors. The FSC is led by nine commissioners: the Chairman, the Vice Chairman, Vice Minister of Strategy and Finance, Deputy Governor of the Bank of Korea, President of the Korea Deposit Insurance Corporation, Governor of the Financial Supervisory Service, two commissioners recommended by the Chairman of the FSC, and one abettor recommended by the Chairman of the Korea Chamber of Commerce and Industry. The Chairman, who is appointed by the President of the Republic of Korea, presides over FSC affairs and administers the activities of the FSC.
For added advice on FSC, amuse appointment www.fsc.go.kr/eng
About the FSS
The Financial Supervisory Service (FSS) was accustomed on January 2, 1999, beneath the Act on the Establishment of Financial Supervisory Organizations by bringing calm the Banking Supervisory Authority, Securities Supervisory Board, Insurance Supervisory Board, and Non-bank Supervisory Authority into a individual authoritative organization. As an controlling arm of the FSC, the FSS is primarily amenable for accustomed out administration and assay of adapted banking institutions with the approved ascendancy to conduct investigations of actionable conduct and crop administration actions. The FSS aswell serves as a advocate of disputes amid banking institutions and consumers. It is headed by the Governor. In a move advised to facilitate added able banking supervision, the FSS was afresh reorganized into 25 departments and 16 offices that are aggregate into nine abstracted divisions: (1) cardinal planning, (2) administration abutment and chump protection, (3) authoritative account coordination, (4) cyberbanking service, (5) non-banking service, (6) allowance service, (7) banking investment service, (8) basic bazaar investigation, and (9) accounting service.
For added advice on FSS, amuse appointment english.fss.or.kr
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
Mr. Douglas Kim
Financial Services Commission/Financial Supervisory Service
Seoul, Korea
E-mail: kdouglas@fss.or.kr
Tel: +82-2-3786-7901
In his aperture remarks, President Lee Myung-Bak continued a balmy acceptable to the academy participants and thanked the Islamic Financial Services Board (IFSB), the Financial Services Commission (FSC), and the Financial Supervisory Service (FSS), for alive calm to authority the academy in Korea. Stressing the abeyant allowances of developing a active Islamic banking casework industry in Korea, President Lee Myung-Bak acclaimed that “What we would like to see is decidedly broadcast basic flows and banking casework amid Korea and Islamic countries in accession to the barter of appurtenances that accept benefited anniversary added so abundant over the accomplished several decades.” He aswell commended the academy by advertence that “The Seoul Seminar is advised to achieve, a allotment of others, greater compassionate and acceptance of Islamic accounts in Korea’s business community, in accurate its abeyant for Korea’s banking account industry. It is a different opportunity, and we are captivated to accept it.”
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB said in his aperture abode that, “The following of banking adherence does not alone depend on the able administration and accomplishing of top above prudential standards.” He accent that banking adherence requires the development of added key apparatus of the Islamic banking infrastructure, which include: (1) A systemic clamminess infrastructure; (2) A acknowledged infrastructure; (3) An advice infrastructure; and (4) Financial assurance net mechanisms. On the cooperation in organising the Seminar with FSC/FSS, Rifaat added, “This countdown acquisition is hoped to be a agitator for the development of the Islamic banking casework industry in Korea, as able-bodied as activate cooperation with assembly from added countries.”
FSS Governor Kim Jong Chang aswell bidding top expectations by cogent the academy participants that "This is the aboriginal Seminar on Islamic Finance for Korea and the third for the IFSB. For those of us in Korea who are analytic to advance bounded acquaintance and development of Islamic finance, today's academy is a absolutely agitative and different occasion. Amid discussions on beginning access to all-around banking challenges, it is aswell a appropriate appointment that will advice us afford new ablaze on opportunities for the Islamic banking casework industry, its acute bond to all-around finance, and its abeyant to accord to the all-around economy."
The Seminar, the aboriginal such cooperation amid the IFSB and the FSC/FSS, aims to actualize acquaintance of Islamic accounts in Korea to facilitate acceptable acceptance a allotment of its banking community. It aswell aims to highlight the industry’s abeyant opportunities in the country. The Seminar continues tomorrow.
INFORMATION ON THE ORGANISERS
About the IFSB
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 178 associates of the IFSB comprise 42 authoritative and authoritative authorities, 6 all-embracing inter-governmental organizations and 130 bazaar players and able firms operating in 34 jurisdictions. 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
About the FSC
The Financial Services Commission (FSC), the almsman to Financial Supervisory Commission, was reestablished as Korea’s banking action and administration ascendancy on March 3, 2008, afterward revamping of the authoritative structures and the banking action and blank functions of the authoritative authorities. The FSC has four primary mandates: to advanced the banking industry, to advance the adherence of the banking markets, to advance a complete acclaim arrangement and fair trading practices, and to assure investors and depositors. The FSC is led by nine commissioners: the Chairman, the Vice Chairman, Vice Minister of Strategy and Finance, Deputy Governor of the Bank of Korea, President of the Korea Deposit Insurance Corporation, Governor of the Financial Supervisory Service, two commissioners recommended by the Chairman of the FSC, and one abettor recommended by the Chairman of the Korea Chamber of Commerce and Industry. The Chairman, who is appointed by the President of the Republic of Korea, presides over FSC affairs and administers the activities of the FSC.
For added advice on FSC, amuse appointment www.fsc.go.kr/eng
About the FSS
The Financial Supervisory Service (FSS) was accustomed on January 2, 1999, beneath the Act on the Establishment of Financial Supervisory Organizations by bringing calm the Banking Supervisory Authority, Securities Supervisory Board, Insurance Supervisory Board, and Non-bank Supervisory Authority into a individual authoritative organization. As an controlling arm of the FSC, the FSS is primarily amenable for accustomed out administration and assay of adapted banking institutions with the approved ascendancy to conduct investigations of actionable conduct and crop administration actions. The FSS aswell serves as a advocate of disputes amid banking institutions and consumers. It is headed by the Governor. In a move advised to facilitate added able banking supervision, the FSS was afresh reorganized into 25 departments and 16 offices that are aggregate into nine abstracted divisions: (1) cardinal planning, (2) administration abutment and chump protection, (3) authoritative account coordination, (4) cyberbanking service, (5) non-banking service, (6) allowance service, (7) banking investment service, (8) basic bazaar investigation, and (9) accounting service.
For added advice on FSS, amuse appointment english.fss.or.kr
Siham Ismail
Islamic Financial Services Board
Kuala Lumpur, Malaysia
Email: siham@ifsb.org
Tel: + 603 2698 4248 ext 119
Mr. Douglas Kim
Financial Services Commission/Financial Supervisory Service
Seoul, Korea
E-mail: kdouglas@fss.or.kr
Tel: +82-2-3786-7901
Islamic Financial Services Board (IFSB) - Banque de France to host IFSB-FSI Islamic Financial Services Forum in Paris
Kuala Lumpur, January 20, 2009 – The Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI) are accordingly organising the 3rd Islamic Financial Services Forum: The European Challenge on 4th March 2009 in Paris. Banque de France is hosting the Forum.
The Forum will accompany calm chief banking area supervisors, bazaar players, and experts from all-embracing banking institutions to altercate the afterward issues and challenges that Europe may face in managing clamminess in the Islamic banking casework industry:
•Risks associated with clamminess in the Islamic banking casework industry
•Infrastructures for managing clamminess and clamminess risks
•Legal, Sharī`ah and authoritative issues in clamminess management
•Case study: The Islamic banking casework industry clamminess administration approaches in called countries
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB bidding his activity for already afresh allied with the FSI in organising this European Islamic Financial Services Forum. He said, “Our aboriginal cooperation in organising the Forum, which was captivated Frankfurt endure year, accustomed cutting acknowledgment not alone from the banking association in Europe, but aswell from the Middle East, and Asia. Many are agog to analyze the possibilities and opportunities for Islamic banking casework in European countries.
The Forum which is accepting captivated adjoin the accomplishments of a forecasted crumbling all-around banking market, is accepted to allure accord from those absorbed in exploring the possibilities of the Islamic banking business archetypal as a applicable addition to the accepted absolute business models, as able-bodied as those absorbed in discussing the development of the accepted Islamic banking casework industry practices.
---- end ----
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 all-embracing accepted 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 Shari'ah principles, and acclaim them for adoption. To this end, the plan of the IFSB complements that of the Basel Committee on Banking Supervision, International Organisation of Securities Commissions and the International Association of Insurance Supervisors.
The associates of the IFSB cover authoritative and authoritative authorities, all-embracing inter-governmental organisations (International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank) and bazaar players from assorted countries.
Siham Ismail
Islamic Financial Services Board
Email: siham@ifsb.org
Tel: +6 03 2698 4248 ext 119
The Forum will accompany calm chief banking area supervisors, bazaar players, and experts from all-embracing banking institutions to altercate the afterward issues and challenges that Europe may face in managing clamminess in the Islamic banking casework industry:
•Risks associated with clamminess in the Islamic banking casework industry
•Infrastructures for managing clamminess and clamminess risks
•Legal, Sharī`ah and authoritative issues in clamminess management
•Case study: The Islamic banking casework industry clamminess administration approaches in called countries
Professor Rifaat Ahmed Abdel Karim, Secretary-General of the IFSB bidding his activity for already afresh allied with the FSI in organising this European Islamic Financial Services Forum. He said, “Our aboriginal cooperation in organising the Forum, which was captivated Frankfurt endure year, accustomed cutting acknowledgment not alone from the banking association in Europe, but aswell from the Middle East, and Asia. Many are agog to analyze the possibilities and opportunities for Islamic banking casework in European countries.
The Forum which is accepting captivated adjoin the accomplishments of a forecasted crumbling all-around banking market, is accepted to allure accord from those absorbed in exploring the possibilities of the Islamic banking business archetypal as a applicable addition to the accepted absolute business models, as able-bodied as those absorbed in discussing the development of the accepted Islamic banking casework industry practices.
---- end ----
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 all-embracing accepted 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 Shari'ah principles, and acclaim them for adoption. To this end, the plan of the IFSB complements that of the Basel Committee on Banking Supervision, International Organisation of Securities Commissions and the International Association of Insurance Supervisors.
The associates of the IFSB cover authoritative and authoritative authorities, all-embracing inter-governmental organisations (International Monetary Fund, The World Bank, Bank for International Settlements, Islamic Development Bank, Asian Development Bank) and bazaar players from assorted countries.
Siham Ismail
Islamic Financial Services Board
Email: siham@ifsb.org
Tel: +6 03 2698 4248 ext 119
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