IslamicFinance.de

Dubai Exports together with Invest France lead an Islamic Financial Services Trade Mission to France. Their obligation was to lead UAE companies in all areas of the Islamic financial sector from advisory firms and specialists in structuring of products to Shari’ah scholars and investment banks.
The main purpose is to ensure that Dubai Exports's firms are able to capitalise on global opportunities in the sector.

The acquisition of Rolls-Royce core manufacturing and logistics facility in Scotland was completed. Gatehouse Bank (Gatehouse) is going to offer a one- of-a-kind opportunity that delivers maximum benefits and all this through the core manufacturing and logistics facility that will be built for and let to Rolls-Royce plc.

Themar, Qatar Islamic Bank (QIB)’s new product, is going to let clients to invest regularly, or with several lump sums, into the Sukuk market and Islamic financial institutions stocks around the globe.
Themar has two modes of subscription for its customers.
In the first place is the monthly investment which allows clients a second choise: a maturity term of two, five or eight years with a minimum monthly subscription of QAR 2,000 ($549.2).
Second, there is the one-off investment that requires a single lump sum from the customer with a minimum investment of QR 40,000 ($10,984).

Boubyan Bank is going to initiate an open-ended Kuwaiti dinar money market fund which invests in Shari'ah-compliant short and medium-term instruments available in the financial markets.
The statement of Saleh Ahmed Al-Ateeqi, Acting CEO of Boubyan Capital, reveiles that the purpose is to offer competitive Shari'ah-compliant returns by increasing the value of its assets while offering a high level of liquidity to investors.

Arab National Bank (ANB) in cooperation with Al Khalij Commercial Bank (al khaliji), Banque Saudi Fransi and Gulf International Bank funded a 2 years facility for Zain KSA which has the purpose to refinance and upsize an existing US$ 585 million facility.

Sudan began to sell sukuk worth 765 million Sudanese pounds ($286 million). The statement was given by an official, He added that the offering is going to run for ten days.

ISF Workshop 2011
International Sustainable Finance Workshop:
Responsible Finance, Ethical Finance, Islamic Finance, Social Finance, Micro Finance...

September 22, 2011

Venue: Paris-Dauphine University

Place du Maréchal de Lattre de Tassigny

75775 PARIS Cedex 16

§ Deadline for the submission of full paper : May 16, 2011.
§ Complete papers must be sent to BOTH following email addresses:
kaouther.jouaberping@dauphinepong.fr
and
dhafer.saidaneping@skemapong.edu

Download call for papers (pdf)

The Workshop is organised by the European Research Group (Groupement de Recherche Européen (GDRE)) “Money, Banking & Finance” (Monnaie Banque Finance) and its working group Islamic Finance jointly with Skema Business School and Paris-Dauphine University

The recent financial crisis has pointed out the limits of conventional finance. The role of financial markets is to provide products and tools that allow an efficient redistribution of risk among agents and over time.

ISF Workshop 2011
International Sustainable Finance Workshop:
Responsible Finance, Ethical Finance, Islamic Finance, Social Finance, Micro Finance...

September 22, 2011

Venue: Paris-Dauphine University

Place du Maréchal de Lattre de Tassigny

75775 PARIS Cedex 16

§ Deadline for the submission of full paper : May 16, 2011.
§ Complete papers must be sent to BOTH following email addresses:
kaouther.jouaberping@dauphinepong.fr
and
dhafer.saidaneping@skemapong.edu

Download call for papers (pdf)

The Workshop is organised by the European Research Group (Groupement de Recherche Européen (GDRE)) “Money, Banking & Finance” (Monnaie Banque Finance) and its working group Islamic Finance jointly with Skema Business School and Paris-Dauphine University

The recent financial crisis has pointed out the limits of conventional finance. The role of financial markets is to provide products and tools that allow an efficient redistribution of risk among agents and over time.

A Memorandum of Cooperation was signed by Al Hilal Bank and the Make-A-Wish Foundation (MAWF) that will set up mutual cooperation and coordination in providing for the health and humanitarian needs of disadvantaged children.
Mohammed Jameel Berro, CEO of Al Hilal Bank, and Sheikha Noor Fahem Al Qasimi, Director of MAW, were the ones that signed the Memorandum.
Al Hilal Bank was the one that was chosen for this because it is known that is is committed to social causes.

Takaful Emarat and Reliance Asset Management (Malaysia) (RAMMY), the Islamic asset management arm of Reliance Capital Asset Management, India (RCAM), became partners. Ian Lancaster, Chief Executive Officer, is the one that gave the statement.
Takaful Emarat will offer its customers three Shari’ah-compliant funds managed by RAMMY - WSF Reliance Global Shariah Growth Fund, Reliance India Shariah Growth Fund, and the proposed Shariah Equity Growth fund investing into China and India.

Ernst and Young state that the market for Takaful will extend to $12 billion this year.
The quest for security
It was hard for Takaful operators such as Takaful EM to acquire a Shariah-compliant re-insurance. Because it had a large potential, leading reinsurers such as Munich Re, Swiss Re or Hannover Re created Re-Takaful. It appears that Malaysian Takaful operators are world leaders.
Swiss Re, the second largest conventional re-reinsurer worldwide, thinks that the breakthrough of Takaful has only began.
Takaful expansion challenges
Ghassan Marrouche underlines the fact that the challenges for Takaful are in human resources. As demands raise, new distribution channels become inevitable.

In order for firms from the UAE to enter the largest economy in Europe, a mission was launched in partnership with the German Emirati Joint Council for Industry and Commerce (AHK).
Leading firms from the UAE's sector followed this mission with the purpose to connect the participants with potential opportunities in Germany and to show he high level of expertise in the area in Dubai.

Although the Sharjah Islamic Bank (SIB) has acted good through the economic crisis, the problem could be in the expore to real estate.
The bank has also benefited from fairly low impairment charges due to relatively few problems in its financing and leasing book. It seems that the credit worries come from SIB's high single name and sector concentrations in financing and leasing.

NCB Capital, a GCC wealth manager and Saudi Arabia's largest investment bank, has signed an exclusive agreement with INJAZ-Saudi Arabia to sponsor a three-year financial literacy-training program for male and female Saudi university students.

Beginning with 26 April 2011 Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain will put out BHD 200 million sukuk. The sukuk will mature in aproximatly 5 years.

Pre-summit event at 8th Annual IFSB Summit to discuss developments in liquidity management for the Islamic financial services industry

Kuala Lumpur, 15 April 2011 – The Islamic Financial Services Board (IFSB) is organising its 8th Summit "Enhancing Global Financial Stability: Challenges and Opportunities for Islamic Finance" on 10-13 May 2011 in Luxembourg. Banque centrale du Luxembourg is hosting the Summit. Three pre-Summit events will be held on 10 - 11 May 2011 at the Chambre de Comemrce Luxembourg. These are:

1. Workshop on Islamic Finance and the IFSB Standards for Institutions offering Islamic Financial Services and Islamic Capital Markets;
2. Country Showcases by Malaysia and Luxembourg; and
3. Special Session on Liquidity Management in the Islamic Financial Services Industry.

Workshop on Islamic Finance and the IFSB Standards for Institutions offering Islamic Financial Services and Islamic Capital Markets, 10 May 2011

“Islamic finance has weathered the storm. One of the world’s fastest growing asset classes before the financial crisis hit in August 2007 continues to expand”.

This headline in the Financial Times on 13 December 2010 emphasizes the growing significance of Islamic finance.

The School of Management and Law and its Center for International Business

welcome you to the annual

ISLAMIC FINANCE AND BUSINESS DAY 2011

19.05.2011

At:

Zurich University of Applied Sciences ZHAW

Building SM

Room: SM O1.01

Theaterstrasse 15c

8400 Winterthur

In order to become popular to young people, Islamic finance must bring a smile upon their faces.
At the Bold Talks 2011, a conference about people who have had their human spirit tested and overcame their breaking points, there was an ex-Guantanamo Bay prisoner, Moazzam Begg, ex-Guantanamo Bay guard who embraced Islam, T.J. Holdbrooks, and globally recognised Stanford University professor, Philip Zimbardo, known for the ‘Stanford Prison experiment.'
Their stories bring emotions to people from all over the world. The conclusions were that at the end, humour, not money builds bridges between people of different ages, interests, ethnicities, religions and geographies.

Dr. Ghaith bin Mubarak al-Kuwari, HE Minister of Awqaf and Islamic Affairs, started an exhibition for Arabic calligraphy (Al-Jood Exhibition) by the internationally renowned artist Sabah Arbili, at the Cultural Village (Katara).
The organisers are: Qatar Islamic Cultural Centre (Fanar), Reach Out to Asia (Rota) and the management of the Qatar First Investment Bank.

Dubai Business Women Council (DBWC) focused on Islamic investments at the meeting in April.
During the event, the council hosted Yasmin Asalam Khalifa, Regional Sales Manager, Global Asset Management and Liz Martins, Senior Economist, Global Banking & Market of HSBC Middle East, who gave lectures on "Market Outlook & Opportunities: Islamic Investments for Muslims & non-Muslims.”