IslamicFinance.de

“1001 Inventions: Muslim Heritage in Our World,”, an exhibition that opened up in December 2010 in New York Hall of Science showed the influence stretched from China to Spain for hundreds of centuries.
“1001 Inventions” is a global educational initiative. The aim of this is to promote awareness of a thousand years of scientific and cultural achievements from Muslim civilization from the 7th century onwards.
The original creators of this initiative are: Foundation for Science, Technology and Civilisation, FSTC, a British based non-profit, non-religious and academic organization.

Islamic finance practitioner Michael J.T. McMillen has partnered with the New York Society of Security Analysts (NYSSA) to teach his celebrated course Islamic Finance on November 23, 2010.
In the course, students will compare and contrast the components of an Islamic financial institution’s balance sheet and income statement to those of a non-Islamic financial institution; identify risks particular to Islamic financial institutions and gauge whether foreign demand for Islamic bonds will rise; and leave with the information they need to include Islamic products in their portfolio.
Caroline M. Owen, CFA, attended the course before and was very impressed.
The course will be held on November 23, 2010 from 1:00 p.m.–4:30 p.m. at 1540 Broadway, Suite 1010, New York, NY 10036.

Although efforts have been made over the past twenty years to bring Islamic banking into India — a country that has more Muslims than Pakistan — as yet the Reserve Bank of India and its master, the Union Finance Ministry, has not given permission for the same. The reason is simple. Across the financial establishment in India, the influence of US and EU financial interests is overpowering.
Several senior civil servants have their close relatives working in such institutions, and therefore accept the advice given by them. Certainly, banks in foreign countries will not want the Indian government to clear the way for the establishment of Islamic banking centres, for that may result in funds flowing from Zurich, London, Frankfurt and New York (all major “Islamic” banking locations) to Mumbai or Kochi. Acting on cue, the monetary and finance authorities in India have continued to block access to Islamic banking avenues, thereby denying millions of observant Muslims in India a chance to keep their assets in safety.

The Edcomm Group Banker’s Academy’s President and cofounder, Dr. Linda Eagle, was recently featured in the January issue of Global Islamic Finance Magazine as an expert on Islamic finance. With 23+ years of experience in the global financial services industry, Dr. Linda Eagle was chosen to answer a series of questions addressing prevalent issues facing Islamic banking today.