IslamicFinance.de

David Loundy, Chairman and CEO of Devon Bank in the US, scored the highest mark on the Certified Islamic Finance Executive (CIFE) examination to win Ethica's "Weekend in Dubai" competition. Among the prizes are an internship at an Islamic bank, airfare to Dubai, accommodation, and meetings with Islamic finance scholars and bankers. David commented that Ethica's CIFE program has allowed him to put together a "proto-Islamic bank" upon completing the program that commenced formal operations January 1, 2016 as Abraham's River, a liquidity source and investment company for non-interest based finance. Ethica and Devon Bank are now working together to help make Abraham's River an interest-free vehicle for the entire US. Ethica's prize also included a free internship at an Islamic bank which David donated to the second-highest scorer.