IslamicFinance.de

Responsibilities include profiling existing clients in order to fulfill their banking requirements, identifying and establishing new relationships and maintaining regular interaction with existing Priority Banking customers.

You must achieve and maintain sales targets, negotiate with customers to deliver the most favorable financial terms possible for the Bank, and maintain an ongoing dialogue with customers to ensure that they are aware of all SIB products/services.

The Young Professionals Program (YPP) is the strategic talent pipeline for the professional career in the Islamic Development Bank (IDB) Group. The Program is designed for outstanding young graduates who can significantly help the IDB Group to carry out its mission and attain its objectives.

This Program enables each Young Professional (YP) to receive extensive exposure and experience of the IDB Group’s various activities through job rotations in different departments. Participants will initially spend two weeks Orientation stage in HRMD. Then, 27 months in Foundation stage which will be split into three rotations of 9 months each in IDB Group departments.

Participants will also benefit from a coaching/mentoring arrangement and a wide range of relevant training and developmental opportunities.

Upon successful program completion, the participant will gradually climb up the professional grades in the IDB Group.

Closing Date: 31-Dec-2012

Meezan Bank Limited has received the approval of its Shariah Supervisory Board (SSB) for the concept for the air-time based Sukuks which will be issued in Pakistan. Furthermore, detailed guidelines for Islamic banks involved in sharing of security with other banks for long-term Islamic projects and structured financing have been approved. The resolution was made at the 19th meeting of the SSB of Meezan Bank at Darul Uloom Korangi, Karachi. There, a summary of Meezan Bank's Shariah audit was presented to the SSB.

In order to stabilize the role of Islamic banking in the country, Jordan's government will establish a leading regional center for Islamic finance. This was made possible particularly by the rapid growth of Islamic banking in Jordan after the enforcement of laws organizing the work of takaful insurance and sukuk. So far, the assets of the four Islamic banks operating in Jordan is $4.6 billion. This constitutes 5% of the total banking assets. With an annual growth of 13% they develop better and faster compared with traditional banks in terms of deposits and financing.

CMA Board of Commissioners' resolution concerning its approval for Alinma Investment Company's offer of "Alinma Multi Assets Defensive Fund" and "Alinma Multi Assets Aggressive Fund" has been issued.

National Commercial Bank (NCB) has received the General Council for Islamic Banks and Financial Institutions' approval to become a member of the council. The resolution was made after a meeting in Jeddah. According to secretary-general of the council - Dr. Omar Zuhair Hafiz - the general assembly of the organization has nominated NCB to become a member of the council's board of directors. The bank's membership is likely to contribute to the promotion of the activities of the council through offering a series of innovative Islamic banking services and products.

The resolution of the CMA Board of their approval of the offering of Saudi ORIX Leasing Company’s sukuk has been issued. The total size of the offering has not been determined yet, this will be done at a later stage by the company. It is soon expected for the prospectus to be made public.

Danajamin Nasional Bhd has assured guarantees for sukuk and bond programmes worth RM5.54 billion. This includes the latest guarantee for the Islamic facilities of Bolton Bhd. Bolton's seven year RM230 million Islamic Medium Term Notes (IMTN) programme is guaranteed by Danajamin. RM150 million of sukuk have already been issued in three tranches and fully subscribed.

Al Baraka Islamic Bank announced the introduction of new Islamic financial products. Furthermore, it will open several new branches in Pakistan with the purpose to facilitate the consumers of Islamic products. According to Adnan Ahmad Yousaf - president and CEO of Al Baraka Islamic Bank - Islamic banking is a modern alternative way of banking today and continuously attracts funds. Its aim is to generate economic activity and to spread money throughout society.

According to a statement by Mr. Fahad Al-Mukhaizeem - strategy and corporate affairs general manager at Kuwait Finance House (KFH) - KFH-Research together with Economic and Social Commission for Western Asia (ESCWA) and Central Statistical Bureau intends to prepare economic indicators for the private sector. Moreover, they consider an upgrade to the mechanisms followed in its researches. Such a move will stabilize business and give additional value to the national economy. A documented scientific product will be released which will include a number of indicators in Kuwait's private sector business field.

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

A global US firm is looking to recruit an Islamic finance associate into its expanding Abu Dhabi based offices. The ideal candidate will have between 2-4 years' experience from the UK, Australia, NZ or Canada.

09 November 2012, Ref REM-PM-1286

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.

Our client is a reputable bank in Malaysia. They are currently seeking for a highly experienced professional to head their Finance department in Islamic Finance. Successful candidate will be based in Kuala Lumpur, Malaysia.

17.11.2012

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

According to a statement by a panelist at the 5th World Social Forum on Migration (WSFM) held November 26 to 30, migrant Filipino workers need concerned groups to take action instead of just talk on conferences. Regional representative of worker union Building and Woodworkers International - Ambet Yuson - pointed out that specific programs and following actions are necessary for the migrants and their families. He claims that the key to solving the problem is mobilization. Specific programs addressing issues like trafficking, job safety, and security of workers must be developed and turned into action.

While the government of Morocco is working on a framework to introduce Islamic finance to the country, an international conference on Islamic finance takes place in Casablanca. Starting on November 29th, insurers, bankers and heads of financial institutions from various countries currently involved or intending to engage in Islamic finance, will take part in the conference. Among the participating countries are Tunisia, the UAE, Malaysia, Bahrain, France and Luxembourg.

Banque Populaire de Mauritanie (BPM) recently announced its decision to use Path Solutions's new iMAL as its Islamic Core Banking Solution in order to keep up with the national and international competition in terms of functionality and technical state. According to Limam Ould Ebnou - AGM of Groupe Mauritanie Leasing, the owner of BPM - Groupe Mauritanie Leasing is set to diversify their activities. Banking operations compliant with Islamic law are a key area in the financial group's plans. Thus a suitable alternative to conventional banking and the establishment of socio-economic infrastructure in the country can be ensured.

A number of investment professionals united in a collective is planning to set up a US$ 1 billion integrated Islamic finance investment platform in Morocco. This will be made possible by the creation of Sharia compliant financial institutions for the first time in the country, including a private equity management company and an Islamic microfinance organisation. As part of the "1 Million Jobs for MENA initiative", the project aims to provide appealing opportunities for investment. Thus, it is supposed to make its contribution to the high growth employment expectations of the MENA region.