Category Archives: Events held and planned

Islamic finance offers tips to correct faulty conventional system: M. Umer Chapra

Islamic finance offers tips to correct faulty conventional system: M. Umer Chapra

Dawn

The current global financial crisis stems from the absence of adequate market discipline, and Islamic finance can help fix it by injecting a greater discipline into the system, an expert at the Islamic Development Bank said.

Speaking at an international gathering here Saturday, Umer Chapra from the Bank’s Islamic Research and Training Institute said the global financial system lacks discipline because the reward and punishment mechanism in the banking system was not working.

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Qatar to host “Leaders in Islamic Finance 2009” conference

Qatar to host “Leaders in Islamic Finance 2009” conference

qatar

Qatar will be the venue of ‘Leaders in Islamic Finance 2009’, an international Islamic leadership summit to be held on April 19 to 21 at the W Doha Hotel.

The summit will see Shariah scholars, Islamic financial institution principals, ministers, governors and regulators gather to discuss the main challenges currently facing the Islamic finance industry.

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Islamic banking best option during crisis, say experts

Islamic banking best option during crisis, say experts

riba free

Gulf oil producers and other countries should switch to Islamic banking as an alternative to the traditional financial system that has triggered the global economic distress, two Arab experts have said.

While many traditional banks in the region and worldwide have been severely hit by the crisis, Islamic banks have easily weathered the storm and continued their rapid growth to demonstrate that such a type of banking is a safe practice and the right alternative business, they said.

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London Sukuk Summit: 2008 London Sukuk Summit Awards Honour Islamic Bankers Past and Present

London Sukuk Summit: 2008 London Sukuk Summit Awards Honour Islamic Bankers Past and Present

desk

The Second Annual London Sukuk Summit Awards of Excellence last night honoured a host of regulators and bankers who have contributed much to the Islamic banking and finance movement over the last three decades.

The Awards ceremony was held during the Gala Dinner at the Royal Horseguards Hotel in Whitehall following the opening day of the 2008 London Sukuk Summit based on the theme ‘Gearing Up for UK Sukuk Originations’. The Summit is endorsed by the UK Treasury; UK Trade & Investment (UKTI), City of London Corporation; and the London Stock Exchange.

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Kuwait Finance House Singapore opens for business

Kuwait Finance House Singapore opens for business

singapore

Kuwait Finance House (Malaysia) Berhad (KFHMB) is pleased to announce the opening of its first subsidiary outside of Malaysia. HE Dr Yaakoob Ibrahim, Minister for the Environment, Water Resources and Muslim Affairs of Singapore graced the event and officiated the Singapore office.

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Experts to review Islamic investments strategy: Annual World Islamic Funds & Capital Markets Conference

Experts to review Islamic investments strategy: Annual World Islamic Funds & Capital Markets Conference

More than 400 international and regional leaders are set to discuss growth opportunities in Islamic investments industry.

The 4th Annual World Islamic Funds & Capital Markets Conference (WIFCMC 2008), which will be held at Gulf International Convention Centre, Bahrain on May 26 & 27, will be inaugurated by Central Bank of Bahrain governor Rasheed M. Al Maraj.

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AAOIFI Shariah Council meeting: Sharia scholars to review challenges

AAOIFI Shariah Council meeting: Sharia scholars to review challenges

 

Leading Sharia scholars will gather in Bahrain for the annual Sharia Conference. It is being organised by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).

The conference is being held under the patronage of Central Bank of Bahrain and will take place on May 27 and 28 at the Bahrain Conference Centre, Crowne Plaza Hotel.

Discussion at the conference will be led by members of AAOIFI Sharia Board, which is acknowledged to be the foremost authority on Sharia for the international Islamic finance industry. Other imminent scholars as well as senior representatives of international Islamic finance industry, accounting and legal professions, and academics, will also attend.

“This conference, which is a premier event for the international Islamic finance industry, brings together the leading Sharia scholars and Islamic finance practitioners to discuss the challenges and opportunities for the industry,” said AAOIFI secretary general Dr Mohamad Nedal Alchaar.

AAOIFI has also launched a Contract Certification Programme to certify financial contracts between Islamic financial institutions and their customers comply to international Islamic finance standards and Sharia principles.

In addition, AAOIFI offers professional development programmes such as the Certified Sharia Adviser and Auditor and Certified Islamic Professional Accountant.

The major partner for the conference is National Commercial Bank. The conference is supported by Abu Dhabi Islamic Bank, Albaraka Banking Group, Albaraka Islamic Bank, Egyptian Saudi Finance Bank, and Jordan Islamic Bank, being members of the Group. It is also supported by Al Salam Bank, Arcapita, Bahrain Islamic Bank, Dar Al Maal Al Islami Group, Ernst & Young, Gulf Finance House, Gulf International Bank, Jadwa Investment, International Turnkey Solutions, Investment Dar, Kuwait Finance House, Path Solutions, Shamil Bank, Shiekan Insurance & Reinsurance, Unicorn Investment Bank and United International Bank.