IslamicFinance.de

Job Purpose
· Apply database technology and database analytic skills to support CVI lift through:
o Development and enhancement of marketing friendly customer and prospect databases through specialized knowledge and skills of database technology and platforms.
o Insightful database analysis of customer information for profitable cross-sell, up-sell and deep-sell and retention marketing.
· Provide data for database marketing campaign effectiveness and learning.
· Provide data to deepen customer and prospect knowledge.
· Facilitate and enable business managers to understand product ownership

Job Purpose
· To manage and enhance the existing commercial portfolio of Emerging Corporate customers and solicit acceptable new Emerging Corporate relationships in order to meet the pre-set financial / non-financial objectives with necessary assistance from ARM/CSO.

• The Network Engineer shall deal with the day-to-day Tasks & requirements regarding Networks, receiving the requests from the IT Manager.
• Responsible for installing, maintaining and supporting computer communication networks within an organization or between organizations.
• And to ensure the smooth operation of communication networks in order to provide maximum performance and availability for the endpoints & users, such as staff, clients, customers and suppliers.

• To provide Transaction banking and trade services to Corporate, SME and Mashreq Gold segments.
Key Result Areas
• Ensuring account planning for entire Corporate and SME portfolios to support maximum cross sell penetration.
The incumbent is responsible for assisting in the Sales, development, implementation, rollout, marketing and maintenance of global transaction services, including but not limited to

Key Skills Well versed with the Takaful Act and Shariah fundamental.
Responsibilities:
· Report to Business Development Manager, Partnership Distribution
· Responsible to assist in achieving sales deliverables, executing set business plan, focusing on building relationship with partners.
· Undertaking business development activities i.e. new business acquisition and customer retention, rapport building, sales campaign and seminars, incentive program, etc. [...]

· Assist Head of Actuarial and Product Development in carrying out all his duties including statutory and managerial roles
· Ensure all actuarial task relations to new product development and pricing is carried out according to BNM and company guidelines.
· Provide actuarial support to Finance, Operations, Marketing and other departments including external partners
· Train and develop junior staffs

A new index will track the number of women on the boards of publicly listed companies across the region. The Arabian Gulf chapter of Women Corporate Directors will partner with the Dubai-based Hawkamah Institute for Corporate Governance to produce the measure. The index will help to identify organisations committed to promoting women to top executive and boardroom positions as well as gaps in corporate representation. Currently, only 1.5 per cent of board seats in the GCC are held by women. In December, Sheikh Mohammed bin Rashid, had announced that it would become compulsory for every government company in the UAE to have a female board member.

The Saudi Basic Industries Corporation (SABIC) sponsored the GCC Board Directors Institute (BDI) workshop on Corporate Governance and Board Effectiveness Practices in Riyadh from February 25 to 27. The overall goal of BDI is to support better corporate governance, primarily through building board member capabilities. The workshop brought together senior directors from leading corporate entities and institutions in the region to share knowledge, experiences and best corporate practices.

The Central Bank of Nigeria (CBN) recently released the Nigerian Sustainable Banking Principles (NSBP) to promote sustainable way of doing business, especially in the banking industry. NSBP is anchored on nine over-arching principles. These were among others managing environmental and social risk in business decisions, safeguarding human rights and promoting women’s economic participation and empowerment. The Bankers’ Committee, as a commitment to sustainable development adopted NSBP, with particular focus on the development of agriculture, power and oil and gas.

The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has described China as a major contributor to the de-industrialisation as well as underdevelopment of Africa. He warned that with the growing interest of China in the continent, Africa was opening itself up to a new form of imperialism. Sanusi explained that China is no longer a fellow underdeveloped economy but an economic giant capable of the same forms of exploitation as the West. Trade between China and Africa was worth more than $200 billion in 2012. There has also been strong growth partly as a result of Asian demand for African resources.

The Banking Regulation and Supervision Agency (BDDK) announced on February 13 that the Islamic financial services segment grew 12.6% in 2012. Total assets reached TL1.3bn ($0.72bn), driven largely by growth in the second half of the year, according to Mükim Öztekin, president of the BDDK. Expansion was due to a change in the perceived level of risk in the country, he added, together with an acceleration of capital inflow, decreasing interest rates and the overall economic growth trend. According to BDDK, sector profits hit TL23.6bn ($13.10bn) in 2012, up 19.2% on the TL3.8bn ($2.11bn) posted the previous year. Equity capital, meanwhile, increased by 26% to reach TL182bn ($101.13bn). While conventional banking assets and profits are growing at a steady pace, the Islamic finance segment has been earmarked as the industry’s next big growth story.

Economists, financiers, bankers and business owners met late last week to debate the state of small and medium-sized enterprises (SMEs) in the GCC region, and considered various alternative models for financing SMEs in light of the need for cheaper and more available growth capital. The roundtable examined the importance of SMEs to the economy and considered new opportunities for funding to help these businesses grow. However, for banks, the cost to serve SME clients remains high due mainly to the breadth of risk and experience required to assess that risk. One of the most pressing areas to address is in the provision of financial support for start-ups and micro businesses. According to the panel of SME experts, new technology platforms can make a significant contribution.

Al Khalij Commercial Bank's (Al Khaliji) Q.S.C., announced its Gold Sponsorship of the upcoming annual Qatar Career Fair 2013, which will be held at the Qatar National Convention Centre (QNCC) between April 1st and 6th 2013. Al Khaliji is looking for a wide-range of Qatari nationals to fill different roles in the bank, from young university graduates to more experienced professionals. The Al Khaliji team at the Qatar Career Fair will provide practical advice and recommendations to Qatari nationals looking to build careers in the banking and finance industry. The team will also discuss opportunities for professional growth within Al Khaliji.

Qatar International Islamic Bank reported that shareholders had given approval for the nonconvertible Sukuk Issuance Programme up to $2 billion. QIIB Chief Executive Officer Abdulbasit Ahmed Al Shaibe said that the bank has not yet decided when to go for the issuance. It depended on international market conditions, he added.

According to Qatar Islamic Insurance Company (QIIC) Chairman Sheikh Abdulla bin Thani Al Thani, the company recorded good results in 2012 by generating a premium of QR206m and aggregate net profit of QR74m, of which net policyholders’ surplus amounted to QR16m.He noted the shareholders’ profit reached QR58m, constituting earnings per share of QR3.5. The Board of Directors, in co-ordination with the Shariah Supervisory Board, has decided to reimburse policyholders with cash surplus equaling 20 percent of the premiums written in 2012. The general assembly approved the company’s nine-point agenda, including its financial statements for the year 2012 and election of two people in the current QIIC Board of Directors.

The Shura Council approved the sukuk draft law during its general session on Monday. The final draft law consists of the council’s economic and financial committee proposal, the government’s proposal and the Shura Council’s joint committee proposal. The Shura Council modified 13 articles in the draft law. The final report from the committee mentioned that there are some items that have been further developed and modified. Its adjudication will be enforceable and binding on administrative authorities after approval by the Egyptian Cabinet.

The UK government launched on Monday the first Islamic finance task-force to help to cement London's status as the western hub for Islamic finance. It will support development of the UK's Islamic finance sector, increasing inward investment and strengthening the economy. The Task Force will include major industry figures to ensure that the UK's offer is promoted at home and abroad by both the public and private sector. The Islamic finance Task Force will be co-chaired by Financial Secretary to the Treasury, Greg Clark and Baroness Warsi, Senior Minister of State at the Foreign and Commonwealth Office.

In order to achieve achieve economic outcomes which are similar to the economic outcomes achieved by conventional finance, transactions that are undertaken in Islamic finance typically require more component steps. These additional transactions are at risk of being subject to transfer taxes or to taxes on income or gains. The tax treatment of four common Islamic finance structures, commodity murabaha, sukuk, salaam and istisna in eight MENA region countries: Egypt, Jordan, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Turkey and in the Qatar Financial Centre were reviewed in this report.

Dubai Electricity and Water Authority (DEWA) has listed its planned $1 billion sukuk on Nasdaq Dubai. The sukuk has raised more than expected, with WAM claiming regional and global investors had reacted positively, leading to an increase in the value of sukuk listed on Nasdaq to $6.24 billion, while the value of sukuk listed in Dubai bourses rose to $10.173 billion. The state utility, rated BBB, had sought a profit of about 3 percent. The proceeds from the five-year deal will be used to refinance existing maturities as well as for new projects. Standard Chartered, Citigroup, RBS and local lenders Emirates NBD, Dubai Islamic Bank and Abu Dhabi Islamic Bank are mandated joint book runners on the deal.

Dubai's Nakheel announced that it issued a USD32.66 million sukuk as part of its restructuring plan. This is the property developer's fourth issuance which brings the total amount issued by the firm to USD1.16 billion. Since November 2009, Nakheel has paid nearly USD2.72 billion to different trade creditors and contractors. Nakheel's first tranche was issued in August 2011, and in January, the company issued a sukuk worth USD32.93 million. Nakheel is going through a USD16 billion restructuring plan.