IslamicFinance.de

Our Base platform to work will be IFLEX / Flexcube)
To identify and resolve application issues related to Core Banking systems of Noor Investment Group
To provide consultancy to users on queries related to Core Banking systems.
To Liaise with vendors and partners in resolving issues related to Core Banking Systems.
To ensure smooth service availability of Core banking systems.
To assist in new implementations, enhancements and upgrades of Core Banking Systems.
To perform System Integration tests (SIT) and co-ordinate User Acceptance Test (UAT) activities related to Core Banking Systems.

Solution Lead for“Islamic Banking” Solution offering of FLEXCUBE product line and will be responsible fordriving the following initiatives

Ability to define the Target Markets & Accounts with a clear view of identifying Market Size & Target Addressable market globally for this segment of business
Ability to build pipeline and initiating, leading and closing big ticket “solution sales”, at the highest level in Islamic Banking Organizations
Development of Strategic Plan for the Sales /Sales Consulting team to execute deals in respective markets and to oversee large deals to closure
Influence product development based on prospect interactions, global market trends, local country / market requirements
Communicate product information, changes and direction to sales & sales consulting community
Client Relationship Management at C-Level and/or one level below to identify and steer opportunities for business improvement for this product line

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Dubai Chamber's Corporate Governance conference will be held on November 28. The main topic of the conference with a title "Dubai Dialogue: Corporate Governance and Value Creation" is centered around the overall emerging trends in corporate governance and the importance of adopting the right structures and the roles of corporate boards.

Indian Islamic finance industry is still facing legal obstacles on allowing Sharia-compliant banking products in the country. Indian Muslim minority which is the largest in the word, nowadays cannot access Islamic financial services as the sector requires banking to be based on interest, which is forbidden in Islam. The issue of Islamic finance is being studied by the Reserve Bank of India since 2005.

Dubai's ruler Shaikh Al Maktoum decided to finance small and medium enterprises by a new SME Fund. Fund will offer financiall help to around 100 national entrepreneurial projects every year and thus support expecially young citizens in order to grow up a new generation of entrepreneurs to help UAE economy to thrive.

The Central Bank has postponed the implementation of three most important reforms regarding the security of chip and pin debit cards. According to the National Bank of Abu Dhabi and Emirates NBD, the emirate's banks are not yet ready to implement the new security standards to protect clients against card fraud.

The second Hawkamah MENA judicial and financial colloquium started on the 5th of December at the Dubai International Financial Centre (DIFC). The event lasts for two days and is being held by Hawkamah, the Institute for Corporate Governance in partnership with the Abu Dhabi Council for Economic Development (ADCED), DIFC Courts, Dubai Judicial Institute, European Bank For Reconstruction and Development, ICAEW Middle East, INSOL International and The World Bank Group. Key topics of the colloquium are the legal, financial and policy dimensions of insolvency and restructuring. The discussions include case studies on restructuring and panel discussions on insolvency law reforms.

According to an announcement by Noor Islamic Bank, the bank will launch its new product Business Instalment Finance. This new package will serve to cater to the financial requirements of small businesses. Small businesses which already have a business relationship with Noor Islamic Bank will have access to loans at competitive profit rates. Part of the new package is fixed-term financing of up to AED 750,000 for 48 months. Documentation and the processing time will be held at minimum.

SUMMARY OF RESPONSIBILITIES

The CEO is responsible for management of all Amal Group management activities dealing in the areas of money transfers and remittances which is the core business of the group, the general trading, the real estate and Amal Bank the latter in Somalia. The CEO will be responsible for product management, business growth of the product across all target regions, managing quality and consistency of client delivery, controlling agent operations and driving delivery of new products. Performance is judged based on the achieving revenue and profit growth, efficient control of agent operations, customer satisfaction, strong working relationships, ability to drive new products and services, strong decision-making authority and ability to meet time constraints.

The Senior Engineer is required to:

· Manage the bank’s credit engineering function.

· Perform forensic audit of running projects.

· Assess costs to complete for distressed projects.

· Maintain high level contact in industry & market.

· Give senior management of the bank timely information on early warning signal / heads up signs etc.

In addition to above, the Senior Engineer’s day to day functions include:

· Assessing a contractor’s technical capability,

· Monitoring the technical progress of the project, and picking up signals of project lag/distress

· Investigate delay in payments of PPCs.

In the attempt to assure Dubai's position in the Middle East as a center for transport and tourism, Dubai is about to launch some grandiose construction projects. Sheikh Mohammed bin Rashid al-Maktoum, Dubai's ruler, ordered a a new city development named after himself to be built. According to estimates, the project will most probably be worth about $10 billion. It shall include 100 hotels, the world's largest shopping mall, parks, art galleries and exhibition centers. A further project for a leisure complex of five theme parks worth $2.7 billion has also been announced.

A tier-one US-based investment bank requires a new Head of Islamic Finance to run their operation in the Middle East. Candidates with at least VP-level experience in working with Sharia products, and a good knowledge of the emerging Middle-East markets. Fluency in Arabic would be a notably advantage, as would previous experience of working in the region. Strong technical and client-facing skills are a must, and good leadership qualities are necessary.

The team concentrates on Islamic finance work, across a broad variety of matters under both English and UAE law, spanning the whole of the MENA region and beyond. Acting for leading global and regional financial institutions on project financings, general banking transactions and Islamic structuring of capital markets, structured products and funds.

31 October 2012, Ref HJJ-PM-1324

International Division of an Islamic Bank based in UAE are seeking to recruit a Head of Risk Management who will report into the CIO for the International Business.

Swisslinx Middle East is URGENTLY seeking an experienced Trust or Fund Administrator to join a new entity of our reputable client, a Regional Bank. In this role, you will be based in the DIFC. You will be reporting directly to the Head of Private Office / Private Banking.

22.11.2012: eFC Ref Nr 1128580

The Global Islamic Microfinance Forum will be held on 8th to 10th December in the World Trade Centre in Dubai. The purpose of the forum is to porpagate Islamic microfinance across the world and to strengthen the dialogue with international donor and development agencies.

Shariyah Review Bureau and Ahmad Lootah & Associates will cooperate in future in order to better serve the growing demands of UAE clients that are seeking advisory on sharia investments. The strategic relationship marks the commitment of both companies to certifying businesses and their transactions from the view of sharia investors.

GCC became the leader of global sovereign wealth funds (SWFs) as the value of their 13 managed funds reached $1.8 trillion. They follow the strategy of diversification across a wide range of industries and asset classes. Although the global financial crisis has slowed down the pace of GCC SWF investments, GCC countries are still on the course of investing outside the region and thus play an important role in the global investment landscape.

GFH Capital is a private equity firm based in Dubai, UAE. According to its website, the company has been highly successful investments and fund management over the past ten years. It also points out that it has handled investments worth more than eight billion US dollars in 25 different countries. Its funds to some extent come from the Dubai Islamic Bank, the World Bank and the Islamic Development Bank. The Gulf Finance House is an investment bank Bahrain. It completely owns GFH Capital Limited. Just as GFH Capital, the Gulf Finance House has made numerous successful investments worth billions of American dollars. GFH Capital has made its bid for Leeds United on its own and will handle the deal independently of Gulf Finance House.

An improved version of Attijari Al Islami's Ijarah Home products has been introduced to the public. Thus, UAE nationals and residents are enabled to afford their dream home compliant to the principles of Shariah. The improved version contains some new features and aims to address the growing demand for Shariah-compliant financial instruments in the UAE. Transparent and competitive rates are offered in order to be able to guarantee great value to the clients of the Commercial Bank of Dubai.