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Archive for November 23rd, 2008

Islamic finance yet to capture Germany’s imagination

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Points of Essence:

  • Despite a high potential of Islamic finance and its European counterparts gearing to adopting Islamic finance, Germany remains unperturbed by these developments. There have been some Islamic finance activities conducted by foreign or its major financial institutions but the accommodating legal and tax structure is yet to be seen. Asiaone has the report.

By Etienne Balmer

FRANKFURT – Despite a huge potential client base, Germany has proven reluctant to adapt its legal and tax systems to attract Islamic finance, which has enjoyed stellar success in Britain.

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Written by Suapi Shaffaii

November 23, 2008 at 10:10 pm

Two-day seminar for professionals on Islamic Finance Qualification

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Points of Essence:

  • Qatar based Execu Train will hold a crash course on Islamic finance qualification (IFQ). IFQ is developed by Securities and Investment Institute UK and its lectures are conducted by Indian and Sri Lankan banking practitioners.

DOHA: A leading computer training firm here will hold a two-day seminar on Islamic Finance Qualification (IFQ) to professionals who want to be globally recognised on Islamic banking and finance.

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Written by Suapi Shaffaii

November 23, 2008 at 9:22 pm

Posted in Human Talent

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CBB highlights training and development as key driver to success

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Points of Essence:

  • The Central Bank of Bahrain believes that a continuous and strategic investment in the training and development of its human talents will lead to a success of the institution. Islamic banking and finance is one of the priority areas. Ameinfo has the report.

The Central Bank of Bahrain (CBB) highlights training and development as a key driver to success.

Dr. Huda, Executive Director – Corporate Services, CBB, says:

‘Enhancing the capabilities and skills of the CBB staff is one of our core responsibilities.’

In order to achieve this; the CBB has adopted a rigorous strategy to recognize training requirements for the staff both collectively and individually in order to set out the necessary training programs which best meet those requirements.

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Written by Suapi Shaffaii

November 23, 2008 at 8:57 pm

London a natural home for Islamic finance

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Points of Essence:

  • The availability of key components of robust frameworks, leading advisory firms, strength and depth in capital markets and intellectual capital, makes London a natural base for Islamic finance. Zawya has the report.

Islamic Finance Council UK Executive Board Member Omar Shaikh

23 November 2008
The UK Pavilion at the 15th World Islamic Banking Conference (WIBC) in Bahrain demonstrates that despite its origins overseas, Islamic finance has found a natural home in London and the UK.

This is the second time the event has supported a UK Pavilion, hosted by UK Trade and Investment (UKTI), and reflects growth plus the diversity and complimentary skills UK companies contribute to Islamic finance.

Islamic Finance Council UK Executive Board Member Omar Shaikh said:

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Written by Suapi Shaffaii

November 23, 2008 at 8:30 pm

Posted in Financial Centres

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Cagamas Favors Islamic Bonds to Boost Investor Demand (Update2)

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Points of Essence:

  • Malaysia’s home loan buyer, Cagamas, will increase its Islamic bond sales to boost demand for Islamic bonds. As mortgage backed bonds are avoided because of the subprime issues, now sukuk has a better prospect of being the alternative. Bloomberg has the report.

By Soraya Permatasari

Nov. 20 (Bloomberg) — Cagamas Bhd., Malaysia’s biggest buyer of home loans, plans to increase sales of Islamic bonds as part of an effort to boost investor appetite for its debt after mortgage defaults triggered the global credit slump.

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Written by Suapi Shaffaii

November 23, 2008 at 12:35 am