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.
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.
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 email@example.com.
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 .
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.
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.
The role of Islamic endowments need to be further streamlined and redefined to unlock their true potential, experts said during a panel discussion on ‘Mobilising Capital from Waqf, Pension Funds and Unit Trusts’ at the the 10th World Islamic Economic Forum (WIEF) in Dubai. Abdullah M Al Fouzan, Founder and Chairman of the Investor for Securities Company in Saudi Arabia, called endowments 'a sleeping giant', which suffer from a state of negligence with annual returns at less than 3 per cent. He called for tapping the true potential of endowments through a structured and concerted effort. The panelists were unanimous on the role of Islamic endowments in driving social growth and urged to explore innovative, Shariah complaint ways to further build asset base and value.
The Muslim world must focus on efforts to rediscover Islamic principles and promote regional cooperation in order to successfully overcome economic challenges, The Hon. Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry, Malaysia, stated during a panel discussion on the opening day of the 10th World Islamic Economic Forum in Dubai yesterday. The minister added that Malaysia is ready to share its experiences in economic prosperity with other countries. The 10th World Islamic Economic Forum, which runs until Thursday, October 30, is being organised by the WIEF Foundation in collaboration with Dubai Chamber.
The third Turk-Arab Youth Congress started on Oct. 24 and was hosted by the Istanbul Youth Assembly Foreign Affairs Commission at the Istanbul Congress Center to create a platform for Turkish and Arab youth to discuss a vision for the region's future. A team of well-educated youth from around the world gathered at the three-day program titled "How to Lead the Future." Several sessions were held on the first day of the congress, discussing different issues of the region. On the second and third day, workshops were held under the subsidiary bodies of the congress and they published a final declaration with the remarks of the participants.
Economic strategist James Rickards, pointing to another collapse of the international monetary system will reveal to global financial experts in Dubai next month how new "rules of the game" will be written to prevent disaster. The American lawyer, economist, investment banker and author, says investors should not be surprised if another collapse happens soon, following previous breakdowns of the system in 1914, 1939 and 1971. His presentation will show what those new rules of the game might look like, and helps investors understand what they can do today in their portfolios to preserve wealth in the collapse and prosper in the new system. Rickards is one of the speakers at the ICA Conference taking place in Dubai from 6-9 November.
Due to unavoidable circumstances, the date of the 8th ISDEV International Conference on Islamic Development Management (IDMAC 2014) themed Islamic Political Economy previously scheduled on 2nd-3rd December 2014 is now changed to 9th-10th December 2014. Venue and time remain. ISDEV apologizes for any inconveniences that this change of date may cause.
4th Global Islamic Microfinance Forum Logo Inaugurated in New York - USA
Islamic finance is the best suited system for poverty alleviation that can be utilized both by Muslims and non-Muslims as a system to cut down poverty dilemma from all over the world, it can also be utilized as an effective tool of financial inclusion as Millions of Muslims are financially excluded due to religious reasons, according to Muhammad Zubair Mughal, Chief Executive Officer, AlHuda Centre of Islamic Banking and Economics.
October 28, 2014, Tue 09.00 - 16.45 h
At the first Liechtenstein Islamic finance conference, the Financial Market Authority (FMA) and the Propter Homines Chair for Banking and Securities Law at the University of Liechtenstein will examine the challenges to and opportunities for Islamic finance structures and sharia compliant financial intermediation for Liechtenstein. We believe that Liechtenstein’s expertise as a renowned private and family wealth centre with a strong preference for non-leveraged long-term investments, well-developed trust and foundation laws, as well as a competitive financial regulation may provide the starting point for offering services in the Islamic domain. We are delighted that experts in the field of Islamic finance and sustainability will assist us in answering the questions on how Liechtenstein may benefit from Islamic finance, and how Islamic investors and clients may benefit from Liechtenstein.
We would like to advise you of the coming Liechtenstein Islamic Finance Conference and would appreciate your participation. The conference concerning
Construction Week's Leaders in Construction Summit is set to take place on September 3 in Dubai. IHCC, a turnkey solutions provider that specializes in healthcare, education and mixed-use projects, will participate in the Summit by organizing a panel discussion on designing and managing diverse social infrastructure projects including hospitals, schools and universities. IHCC's CEO Sultan Sobhi Batterjee will share insights at a panel discussion that will mull diverse emerging issues in the real estate sector such as the rise in spending on social infrastructure across the GCC, how contractors can win work in this area, what special capabilities are required and best ways to partner with leading international education and healthcare providers.
The domestic Islamic finance asset is expected to continue posting double-digit growth at between 10 per cent to 15 per cent over the next five years, said the Association of Islamic Banking Institutions Malaysia (AIBIM). Products like takaful, will, consumer and corporate products are all maturing and with such maturity level, Islamic finance also grows, said its President Datuk Mohd Redza Shah Abdul Wahid after a briefing on the upcoming Global Islamic Finance Forum (GIFF 2014) here today. GIFF 2014 will be held from September 2 to 4, in Malaysia, discussing key issues in the development of Islamic finance industry. The association today revealed the domestic Islamic finance market share now stands at 24.2 per cent, estimated to be worth RM548 billion.
The Royal Award for Islamic Finance (The Royal Award) Dinner and Award Presentation will be held in Malaysia on 2 September 2014 in conjunction with the Global Islamic Finance Forum 2014 (GIFF 2014). The Royal Award, held once every two years, is spearheaded by Bank Negara Malaysia and Securities Commission Malaysia under the Malaysia International Islamic Financial Centre (MIFC) initiative. The Royal Award recognises and honours an Islamic finance visionary whose achievements and innovation contribute significantly to both the growth of the global economy and social progress of communities around the world. An independent seven-member international jury panel will select the deserving individual for the award.
The European Association for Islamic Economics, Banking and Finance (EUIEBF) and the Islamic Research and Training Institute (IRTI) is organizing Sarajevo's third Islamic Finance Conference. The conference will take place in Sarajevo, Bosnia and Herzegovina from 20-21 November 2014. This conference aims to gather Islamic banking, economics, and finance experts and students to discuss a wide range of topics and fill this gap in research. It will continue the development and acknowledgment of Islamic banking's increasing role in the world. Papers about relevant areas in Islamic economics and finance can be submitted for this conference. Please find detailed information in the attached document.
The Global Islamic Microfinance Forum (GIMF) will be organized jointly by AlHuda Centre of Islamic Banking and Economics (CIBE) and AKHUWAT on November 01-02, 2014. The purpose of this 4th GIMF is to unite Islamic Microfinance Industry under one roof. Islamic microfinance is going through big challenges e.g. non availability of Shariah Compliant funds, misconceptions regarding Islamic microfinance, lack of man power, regularity and Shariah problem. The purpose of this forum is to gather the stakeholders under one platform to find out the remedy to these problems to give a strong support to rapidly increasing Islamic Microfinance industry.
The 9th Durham Islamic Finance Summer School 2014 will take place on 1st-5th September 2014 at the Durham Centre for Islamic Economics and Finance, Durham University Business School, Durham University, UK. The Durham Islamic Finance Summer School is an essential learning and training programme in the field for current and aspiring Islamic finance professionals and academics. Registration form is attached together with further information.
The Arab Forum for Environment and Development (AFED) announced that its upcoming seventh annual conference will be held on 26-27 November 2014 at the Royal Convention Centre at Le Merdien in Amman. The theme will be food security options in Arab countries, based on a comprehensive report on the subject which AFED is preparing in cooperation with a group of experts at research and policy centers. The AFED Food Security report aims to provide an overview of the state of agricultural resources in Arab countries, and discuss the role of science and technology in enhancing water and food security. Experts are preparing case studies on vital issues such as virtual water trade in the GCC countries, marginal land productivity in the Badia of Jordan, and Morocco green plan, among many others.