IslamicFinance.de

•Degree, Post-Graduate Diploma or Professional degree in Computer Science/ Information Technology or equivalent preferably with 1-2 years' experience in applications development

•Programming skills in either of the following: Cobol, Smart/400 (Training will be provided)

•Experience in building Insurance System will be advantageous

Note: Fresh graduates who are interested to have a career in IT are encouraged to apply.

•To recruit Malay individuals from your own personal network to become agents of Great Eastern Takaful Sdn Bhd.
•To execute business plans and strategies in order to achieve goals set by the management.
•To train and motivate the recruits to become successful Takaful agents by achieving their sales targets.

· Plan, develop, promote and grow the Banca Business portfolio at the region by developing short and long term strategies, offering value added solution for the customers and ensuring the effective implementation of new business opportunities while retaining and growing existing account and executing retention strategies.
· Guide the Retail Insurance Managers towards providing excellent service and enhance service delivery to all customers touch-point.
· Assist Retail Insurance Managers in managing Insurance & Takaful Banca Business of Maybank Banca in the Region and deliver the Top line & PBT of the respective domains through sales and campaigns.

· To ensure that the producers are in compliance with the Company's procedures, Industry Guidelines and within authorities given,
· To constantly upgrade and improve Company procedures and system to achieve high efficiency.
· To check/sign certificates/endorsements/co-takaful inward cloasing, for sum covered as authorized by the Company and to ensure prompt issuance of all documents productivity and performance.

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The incumbent is responsible for the overall management of INCEIF Knowledge Management Centre (KMC) and able to champion organization-wide, knowledge sharing with all stakeholders.

Kashf Foundation is one of the biggest specialised non-profit microfinance institutions in Pakistan, providing means for entrepreneurship and sustainable growth opportunities. Its focus has shifted from enterprises to individuals and solutions are customised. There are Rs2.8 billion in outstanding loans and 157 locations across the country where they are serviced. Twenty more locations will be opened this year. Kashf Foundation is planning to bring in Shariah-compliant products as part of its strategy.

Paramount Corporation Bhd (PCB) signed two private bond programmes worth RM550 million today with Hong Leong Investment Bank Bhd, OCBC Bank and RHB Investment Bank. The deals consist of RM200 million Private Debt Securities programme, which allows PCB to issue RM200 million perpetual bonds, and a RM350 million Sukuk Ijarah Programme for PCB's unit, KDU University College Sdn Bhd. Group Chief Executive Officer Chan Say Yeong said the perpetual bonds provide PCB with access to capital to fund its growth plans, while the Sukuk will finance the building of the new KDU UC campus at Ultrapolis in Glenmarie, Shah Alam.

Paramount Corporation will raise RM550 million via a RM200 million perpetual bond sale and a RM350 million sukuk programme, which was put together by Paramount in cooperation with Hong Leong Investment Bank, OCBC Al-Amin Bank and RHB Investment Bank. The money will be used for capital expenditure and working capital, to buy land as well as to fund a new campus. Paramount will become the first private company to issue perpetual bonds which will be issued to institutional investors.

Indonesia raised 1.5 trillion rupiah ($155.11 million) at its first sukuk auction of the year on Feb. 5. 6-month Shariah T-bills, as well as project-based 5- and 24-year sukuk were sold to finance the country's budget deficit. According to the Finance Ministry's debt office, the targeted amount was reached.

Islamic 'Sukuk' could be an alternative source of financing for constructing Padma Bridge. A day-long international conference on Islamic finance, titled 'Islamic Finance news Roadshow' held Tuesday in the city discussed on the issue. Moreover, key issues pertinent to the country's Islamic financial market and its challenges and opportunities were addressed. The growth potential for Bangladesh's Islamic finance industry is high, and coupled with a steadily growing economy and financial reforms.

Paramount Corporation Bhd (PCB) agreed two private bond programmes worth RM550 million with Hong Leong Investment Bank Bhd, OCBC Bank and RHB Investment Bank. The deals consist of RM200 million private debt securities programme, which allows PCB to issue RM200 million perpetual bonds, and a RM350 million Sukuk Ijarah Programme for PCB’s unit, KDU University College Sdn Bhd (KDU UC). According to group CEO Chan Say Yeong, the fund arising from the bonds would be used for PCB’s future expenditure, increase landbank for development, investment in the education business and for working capital purposes.

ASM Investment Services which manages 14 unit trust funds, of which 11 are already syariah-compliant, will convert the remaining three into shariah-compliant assets. According to the company's CEO Ameer Ali Mohamed, the syariah-compliant unit trust industry has lots of potential. Therefore, ASM Investment aims to be a syariah-compliant fund management company by year-end.

The Paramount Corporation, a wholly-owned subsidiary of KDU University College, plans to issue Islamic medium-term notes (sukuk ijarah) of up to RM350 million in nominal value. Hong Leong Investment Bank, OCBC Al-Amin Bank and RHB Investment Bank are the joint principal advisers, arrangers and lead managers for the sukuk programme. The Securities Commission Malaysia had approved the issuance of the proposed sukuk programme via a letter on January 31.

Malaysian SC's Shariah Advisory Council (SAC) revised the screening methodology for shariah-compliant securities, in order to further build scale in the shariah-compliant equity and investment management segments as well as expand the Islamic capital market's international reach. The new screening methodology includes a financial ratio benchmark which looks at cash over total asset and debt over total asset screenings. Therefore, it may shorten the list of shariah-compliant companies when coming into force in November 2013.

The 4th Langkawi Islamic Finance and Economics (LIFE-4) Global Forum, scheduled for mid-February 2013, will provide a global platform to discuss key issues around the competitiveness, growth and sustainability of Islamic finance. Its theme is 'Islamic Financial Planning and Wealth Management as the New Frontier for Global Islamic Banking and Finance Industry'. Financial regulators, experts, jurists, academics and stakeholders across the world will meet in order to move the industry forward.

TH Heavy Engineering plans to issue non-rated sukuk under the Sukuk Murabahah programme with MIDF Amanah Investment as the principal adviser. The Sukuk Murabahah is unrated, non-transferable and non-tradable. The Securities Commission (SC) reportedly authorised the proposed programme. The tenure of the Sukuk Murabahah programme is up to six years from the date of the first issuance, which will be made within one year from the date of the SC’s authorisation.

Bank Syariah Mandiri is set to sell shares in an initial public offering next year, aiming to raise more than Rp 1 trillion ($103 million) as the first Islamic lender at the Stock Exchange. Having the largest Muslim population in the world, Indonesia lags behind its neighbor Malaysia in terms of the development of Islamic finance. The total assets of Islamic compliant lenders in Indonesia accounts for around 4.7 percent of the total banking assets in the country. Moreover, it is home to 120 commercial lenders with combined total assets of Rp 4,000 trillion.
Bank Syariah Mandiri is one of a few units of Bank Mandiri, the country’s largest lender by assets. Other units include Bank Sinar Harapan Bali and Mandiri Sekuritas.

Bank Islam Malaysia today confirmed that the suspension of its chief economist Azrul Azwar Ahmad Tajudin was due to his prediction of the results of Election 2013. The bank's current policy is to suspend its staff if they engage in political activity or make political comments. According to a statement, any staff irrespective of their position, who has breached the Bank’s internal policy, will be suspended with full pay, to facilitate investigation.

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.

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.