Senior Credit Control Officer position reports to the head of Credit Administration.
The candidate should:
- Have at least 4 years experience in a credit control role
- Have a good understanding of the credit cycle and (Islamic) product knowledge
- Well equipped to prepare exception reports and set up limits into core systems
- Have experience working with different systems
- Have good communication and analytical skills
According to a new report from A.M. Best Co. the development of Takaful regulation varies significantly between the countries of the GCC. As a result, the levels of policyholder protection differ from one state to another, which has created opportunities for Takaful operators to pursue regulatory arbitrage. A.M. Best believes the solution is a more consistent application of regulation, and therefore provide sufficient policyholder protection.
In order to allow Brazilian farmers to sell their crops between harvests and therefore achieve higher return, Abu Dhabi Equity Partners (Adep) provides inventory finance to them. In return, Adep takes title of the soft commodity. The Abu Dhabi firm has struck deals with Brazilian growers to provide financing worth $100 million for the first half of this year. Despite the risks in form of natural disasters the business has been widely welcomed by Adep founder Muneef Tarmoom's investors.
In order to finance its budget deficit, Indonesia will hold a sukuk auction on February 5. The country aims to raise 1.5 trillion rupiah (RM477 million). According to the plans, 6-month sharia T-bills and project-based sukuk maturing in 5-, 9-, 14- and 24-year will be sold at the auction.
The Kingdom Holding Company ( KHC ) established a Shariah Committee to study the gradual conversion of future sources for loans for the company to be Shariah compliant. The committee consists of chairman Sheikh Abdullah Sulaiman Al Manee'a, two members and a secretary general. During the first meeting it was decided to prepare an integrated strategic plan for the conversion of future loans in accordance with the Islamic Shariah.
As part of its strategy to raise money for its creditors, Bahrain-based Arcapita Bank sold its stakes in five retirement homes outside London. The American property investment trust Health Care REIT bought the 80 per cent ownership. Arcapita Bank has faced legal proceedings with creditors after the 2008 global financial crisis and is therefore liquidating its assets.
Several Japanese institutions are establishing and expanding their Islamic finance businesses. Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking for example made a Shariah-compliant deal with Brunei Gas Carriers (BGC). Other financial institutions and insurance companies focus on Malaysia to offer their Islamic products.
FNB and Al Baraka Bank froze the bank accounts of Al Aqsa Foundation after it was added to the US Department of Treasury's Office of Foreign Assets Control list. According to the US departments website Al Aqsa funnels money collected for charitable purposes to Hamas terrorists. However, foundation spokesman Melissa Hoole denied ties to that organisation. Al Baraka had since agreed to allow some activity in the account.
Azrul Azwar Ahmad Tajudin today confirmed his suspension as chief economist of Bank Islam after his prediction of the likely results of Election 2013. The bank, however, moved to distance itself from Azrul Azwar and emphasized that the views expressed by him should not be linked or attributed to Bank Islam. It is unknown how long the suspension will last.
The paper makes an attempt to understand how the balance sheets of various sectors of GCC got impacted due to the financial crisis. There is also an attempt to understand why Bankruptcy laws in GCC are inadequate and what lessons can be learnt post Global Financial crisis to deal with Bankruptcy in GCC region. Estimation has been made to understand the current size of problem in GCC and we have included studies of Investment companies seeking to restructure their debt.
The Pearl Initiative has launched a new piece of regional research focused on family firm governance. The Report “Family Matters, Governance Practices in GCC Family Firms” is based on research carried out jointly by the Pearl Initiative and PwC.
The research is based on interviews with over a hundred family firms across the GCC.
La Française AM created several OPCI funds, including one OPCI Charia for the account of one of the largest Islamic banks and financial institutions of Kuwait.
The central bank of Djibouti develops a regulation for Islamic microfinance as it is seen as a strategic tool to fight poverty. The Agence Djiboutienne de Développement Social (ADDS) aims to establish a widespread network for Islamic microfinance.
•To oversee the Treasury Division of the Bank and to ensure that the Division manages the Bank's profit rate, foreign exchange and liquidity risks within the limits and authorizations laid-down by the Board, Central Bank guidelines and other guidelines and authorizations issued by relevant committees.
Conceptual understanding of both Conventional structured products and Islamic finance
[...]
Responsible to lead and coordinate the business efforts in the Islamic Core Banking implementation during various project phases such as Requirements & Gap Analysis, Business Process Definition & Parameterization, Customization, Testing and post go-live support
Coordinate the detailed requirements about various products, characteristics, control and monitoring requirements, end to end process details and expected process improvements.
[...]
http://www.naukrigulf.com/job-listings-System-Implementation-and-Analytic-Manager-Muscat-Oman-MENA-HR-Solutions-LLC--5-to-10-years-290113000032-?xz=3_0_5&jobId=290113000032&key=&keyar=&loc=&exp=&srchRank=3&srchId=135945541159344800&currPage=1&sort=date&freshness=&compType=&companyId=&farea[]=4
Qatar is in a good position to face future challenges due to its economic and business diversification. The emirate is member of several economic and commercial agreements and organizations, and has been engaged in trade and investment negotiations with the European community and Japan. Therefore, Qatar will probably be able to avoid dependence on oil and gas production and to benefit from foreign direct investments in the future.
SEDCO Holding Group has announced the appointment of Anees Ahmed Moumina as Chief Executive Officer succeeding Dr. Adnan Abdulfattah Soufi whose three-year term expired at the end of 2012. Moumina has had a banking career that has brought him into contact with a variety of business sectors including contracting, trading, manufacturing, investments, real estate, transportation, leasing, government and public sector activities, remedial management and Islamic banking.
Gulf Finance Corporation, a subsidiary of SHUAA Capital, is launching a new specialist division called Gulf Finance Medical Leasing (GFML) that will offer operating leases for medical equipment to the UAE healthcare sector. The equipment can be leased on a monthly fee basis usually for three years at which juncture it can be returned, purchased or upgraded for new equipment. GFML is the first business of its type in the GCC and is planning to address significant market opportunities across the region.
Bassel Gamal was appointed as the Chief Executive Officer of Qatar Islamic Bank (QIB). Mr. Gamal is well grounded in banking and finance, and has had experience in several institutions and positions. He will assume his office next month.
According to Essa Kazim, the chairman of the Borse Dubai, the emirate's strategy to become a global centre for Islamic business and finance is paying off, although it is still at an early stage. Underlining its ambitions, the emirate raised US$1.25 billion (Dh4.59bn) in government sukuk at competitive interest rates last week. The Dubai Financial Market General Index is one of the best performing in the world over the last 12 months.