Islamic Finance Events - Congress Conference Summit Seminar Workshop Forum

The global elite in Davos must give the world a pay rise

The share of national income going to wages across industrialized countries has fallen from over 66 per cent in the early Eighties to around 61 per cent, according to the OECD. Globally, the decline is even sharper – from 62.5 per cent in 1980 to 54 per cent in 2010, according to the United Nations. Rising pay inequalities at the same time as a falling wage share mean even less of the rewards of growth go to the working people who create them. The World Economic Forum itself has at least finally put deepening income inequality at the top of its list of global concerns. The world economy is wage led, and if the wages increase, then the greater spending power boosts growth.

Call for Arab world 'Marshall Plan' at Davos 2015

A call for a 'Marshall Plan' in the Arab world was made at the start of the 2015 World Economic Forum in Davos. One speaker outlined his idea to have a fund to invest in large and small economic projects across the Arab world. The investment would come from Arab sources. There's tons of capital in the area, he said. Several other attendees agreed that such a fund can go ahead without the political stability. However, there are also dangers in the region, like having no change for decades and suddenly dramatic change. The long tradition of strong men and weak states has led to the hollowing out of the nation state and these issues are now coming to the fall.

AAOIFI to hold its 14th Annual Shari'a Conference on 22 and 23 March 2015

Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will hold the 14th edition of its Annual Shari'a Conference on 22 and 23 March 2015 in Manama, Bahrain. The conference will be held under the auspices of the Central Bank of Bahrain. Discussions will include on topics relating to application of Shari'a to international Islamic finance products, services and practices as well as continuing innovation of Islamic finance to support further growth and expansion of the industry. Following the conference, AAOIFI will hold training sessions for its Certified Shari'a Adviser and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA) qualification programs from 24 to 27 March 2015.

Islamic finance issues to be probed at forum

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Development Bank (IDB) are planning a joint meeting in Bahrain next month aimed at discussing issues of internationalisation of Islamic financial services. The roundtable meeting of the directors of operations and investment of Islamic banks, themed 'Internationalisation Strategies of Islamic Financial Institutions', will be held on February 23 and 24. Through the meeting, the council expects to increase awareness and information sharing about the CIBAFI Strategic Plan 2015-2018.

NCB Capital sponsors financial education lab at Effat University

NCB Capital has sponsored a new fully equipped lab at Effat University in Jeddah as part of its commitment to spread financial literacy among Saudi Youth. The lab comprises of 25 computer machines and includes hardware and software which help students to monitor financial markets and train them on making sound investments. Sarah Al-Suhaimi, CEO of NCB Capital, said that education sector is a key part of NCB Capital’s corporate social responsibility activities. By sponsoring this initiative, NCB aims to forge a collaborative relationship with Effat University in order to support financial knowledge among the students, and to also introduce them to the world of investment, she added.

GCC Board Directors Institute Workshop held in Bahrain in partnership with Investcorp

GCC Board Directors Institute ("BDI") released insights that Board composition and selection were identified as key priorities in the corporate governance choices faced by GCC businesses, as highlighted during the Institute's Foundations of Directorship Workshop held in partnership with Investcorp on 7-9 Dec 2014 in Bahrain. BDI's Foundations of Directorship workshop is hands-on and experiential where participants are presented with contemporary issues and challenges that boards in the GCC are faced with. The workshop held by BDI in Bahrain this week, was in partnership with Investcorp , a founding member of BDI.

MBRF and UNDP’s joint Arab Knowledge Report 2014:Investing in youth key to meet today’s knowledge challenge in the Arab region

The ‘Arab Knowledge Report 2014: Youth and Localization of Knowledge’ was launched in Dubai on Wednesday, the second day of the First Knowledge Conference. To meet increasing social and economic development challenges, Arab countries must integrate better in today’s global knowledge economy. Their most effective route toward that end is investment in empowering the full and active engagement of their youth in processes of knowledge generation, transfer and localization, the report says. The report applauded the UAE’s efforts to build the capacities of its human capital, particularly its youth.

CMA organises major forum on governance of family businesses

The Capital Market Authority (CMA), represented by the Oman Centre for Corporate Governance and Sustainability, in cooperation with the Pearl Initiative, organised a seminar on 'Governance of Family Businesses and the Separation of Ownership from Management and Succession Planning'. The seminar was aimed at airing the views of those present and fostering dialogue among the representatives of the family businesses, business experts and specialists in this regard. Speakers underlined the importance of accountability and transparency in the family and state-owned companies that seek to successfully achieve permanence and continuity.

Beyond the square: changing dynamics at the World Social Forum

The World Social Forum (WSF) will hold its next global gathering in March 2015 in Tunis. Since 2001, the forums took place annually around the same dates as the World Economic Forum in Davos. Organized every two years since 2007, the event has now become somewhat less visible. Some of the reasons for the frustration with the WSF are related to dilemmas of representation. For the activists that reject representation as a political principle, the forums have been too embedded in traditional politics. For those who want to build global political parties, the WSF’s open space has lacked the capacity for action. These are some of the questions that need to be debated on the road to the next WSF in Tunis.

Shape MENA Conference addresses job creation, economic growth

Over 150 young leaders, innovators, thought leaders and decision makers representing over 30 countries participated in the annual two-day Shape MENA conference which was held December 3-4 at the Qatar National Convention Centre. This year’s Shape MENA event addressed the theme of “Economic Growth and Job Creation in the MENA Region,” and over the course of two days participants examined such issues as the changing nature of work, current and future workplace skills gaps, technology and philanthropy, Islamic finance, and social entrepreneurship. Shape MENA 2014 was supported by a number of local organizations.

World Innovation Summit For Education highlights Qatar Foundation’s commitment to Innovation among Young People

The sixth World Innovation Summit for Education (WISE), which recently concluded in Qatar’s capital city of Doha, tackled a number of education issues on a global level. In recent years, WISE has launched a series of on-going initiatives, including the Learners’ Voice Program. It is designed to equip young people aged 18 to 25 with the relevant soft skills, tools, and know-how to address global education issues. This year, 34 young men and women were chosen from hundreds of promising applicants to take part in the 2014-2015 Learners’ Voice Program , launched at WISE 2014 with a series of workshops.

IPAFEM 2015 Call for Papers- An Islamic Perspective of Accounting, Finance, Economics - University of Glasgow

The Adam Smith Business School will host an international conference, themed “The Role and Contribution of Islamic Accounting, Finance, Economics, and Management in Contemporary society” at the University of Glasgow, UK, on 7-9 April 2015. This two-day conference will provide opportunities for participants to present their current research on the Islamic perspective of accounting, finance, economics & management as well as to build their collaboration network with other delegates. The deadline for abstract submission is 31st December 2014. For more information about the conference, please check the website: http://www.gla.ac.uk/schools/business/newsandevents/headline_351155_en.html

15TH MÜSiAD FAIR DRAWS 7,000 FOREIGN BUSINESSMEN TO ISTANBUL

Turkey's Independent Industrialists' and Businessmen's Association (MÜSiAD) is organizing the 15th MÜS?AD International Fair "High Tech Port by MÜSIAD" themed "The World is Changeable: Change the Business, Change the World," and the 18th International Business Forum (IBF) Congress which will be held from November 26-30 at Istanbul's CNR Expo Center. IDB's President Dr. Ahmed Mohammad Ali will deliver a speech in the opening session of the IBF and the keynote speech will be delivered by Mushtak Parker, editor of the Islamic Banker Magazine . This year, the events will be enriched with the remarks of ministers and the input of academics, public authorities and experts.

The Bahrain Businesswomen’s Society organizes “Women Entrepreneurship and Innovation” Conference

The Bahrain Businesswomen’s Society in collaboration with the UNIDO organized the “Women Entrepreneurship and Innovation” Conference which coincides with the Global Entrepreneurship Week in Muharraq. The forum aims to will inspire women entrepreneur’s participants to achieve their potential in business and train them to be innovative and take advantage of business networks and how to communicate with investors and sponsors, and how to discover new opportunities and possibilities. The Minister of Industry and Commerce Dr. Hassan Fakhro said that the number of individual institutions that belong to women in the Kingdom of Bahrain has increased by 10.3% in 2013 compared to 2012.

Russian center of Islamic economy and finances (RCIEF) will hold 5 days advanced training course and Islamic insurance roundtable.

On 17-21 November, 2014, RCIEF organizes an Islamic insurance course. On 22 September, the Islamic finances roundtable, with passing of resolution of Islamic insurance in Russia, will be held. International and Russian experts are invited. Courses will be held by Dr. Osman Babiker Ahmed, Maksatbet Kairgaliev, Kuralay Eldesbai, and Alfiya Salikhova at Russian Islamic University, 19, Gazovaya str, 319 lecture hall. Visiting of the course provides a practical guideline of innovative insurance products, which meet the requirements of Islamic law. For registered visitors entrance is free of charge. Deadline for application up to November 15, 2014, till 17:00. More Information is available at www.rcief.org.

Arabia CSR Network honors Huawei

The Arabia CSR Network has honored Huawei—a leading global ICT solutions provider—for its strong contribution and support of the organization’s annual Arabia CSR Forum & Awards Ceremony 2014 held in Dubai for the 7th consecutive year. During this year’s forum, Huawei connected with government and business leaders to discuss regional priorities such as stimulating public-private partnerships in the CSR field, embedding CSR into organizational practices, and creating regulatory frameworks that support sustainable growth of businesses in the Middle East. The company’s current Sustainability strategy focuses on pillars such as bridging the digital divide, ensuring stable & secure network operations, promoting environmental sustainability, and seeking win-win development with its industry partners.

IREF Summit 2014 - Impressive Speaker Line-Up Set to Discuss Key Issues

The IREF Summit 2014 will be taking place on the 16th-17th December 2014 in London. The theme 'Real Estate - The Asset Class of 2014 & Beyond: Sustainability & Innovation in an Ever-Changing Global Real Estate Market', is gathering speakers from the UK, Middle East & Asia. The session themes are focused and aimed at providing a platform to discourse the pertinent current themes and trends marking the sector, with a particular emphasis on the Islamic real estate finance market segment. On the evening of the first day of the IREF Summit, ICG will once again host the 2014 IREF ME Gala Dinner Awards Ceremony. For further information on the Summit, how to nominate and attend the Gala Dinner Awards Ceremony, please visit www.irefsummit.co.uk or contact info@icg-events.com.

Saudi Arabia to host the 2nd CSR Summit supported by the Jeddah Chamber of Commerce and Industry

Saudi Arabia will again host the CSR Forum to be held 24- 26 November 2014 in Jeddah. The forum will gather representatives of corporate organizations, ministries and other government bodies, NGOs, foundations, universities and SMEs, who will discuss topics including how to embed corporate and social sustainability into CSR programmes to drive community development, strengthen education delivery and empower the Kingdom's youth. Employment generation and the development of women are other key topics on the agenda. More information can be found on www.csrsummitsaudi.com .

Developing Islamic finance through research

In response to the slow growth of Islamic banking and finance, OJK organized the seventh Islamic Finance Research Forum. It was held from Oct. 14 to 16 at the IPB campus, and brought together students, scholars and practitioners of Islamic finance industry to exchange new ideas to help propel the sector’s performance. Among the causes of Islamic finance’s slow growth are the lack of capitalization driven by a paucity of high-quality human capital and a shortage of innovation and creativity. The OJK disclosed that the root problems can be solved by, inter alia, sound research and development activities, which are still lacking in the Islamic finance industry.

Alinma Bank hosts Shariah standards hearing session ?

Under the sponsorship of Alinma Bank, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) held its Shariah standards hearing session in Riyadh. Participating in the event were Shariah-finance professionals from Alinma Bank, AAOIFI and other financial and research institutions from Saudi Arabia and abroad. Attendees discussed, debated and made comments on draft policies related to deposit and repurchase agreements. The meeting was the first time AAOIFI held for its Shariah standards hearing session outside Bahrain, and the move to Saudi Arabia represented an attempt on AAOIFI’s part to expand its activities and cooperation.

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