Talent gap overshadows Malaysia’s Islamic finance growth

Talent gap overshadows Malaysia’s Islamic finance growth
Finding a job is often harder than expected for graduates hoping to enter Malaysia’s Islamic banking industry, the world’s second-largest with $124 billion (RM390 billion) in assets – employers are proving choosy about qualifications. Thousands of students, a large number of them Muslims from across the globe, have flocked to the many Islamic finance courses ...

Introduction of ESG Index, SRI sukuk ‘will boost’ Islamic finance

Introduction of ESG Index, SRI sukuk ‘will boost’ Islamic finance
The newly announced Environmental, Social and Governance (ESG) Index in Budget 2014 could help investors pick Shariah-compliant companies that are also highly socially responsible. Consultant and academician at the University Malaya, Sherin Kunhibava (picture) said the introduction of the ESG, the first in Malaysia, is an excellent move which will recognise companies that already have ...

KPMG announces Global Islamic Finance Leadership Team

KPMG announces Global Islamic Finance Leadership Team
KPMG has appointed a Global Islamic Finance Leadership Team (GIFLT) to support the growth and development of KPMG’s Global Islamic Finance practice; the team comprises of senior Islamic finance practitioners from across KPMG’s global network of member firms, and is led by Samer Hijazi of KPMG in the UK. Muhammad Tariq is the Head of ...

Monday newspaper round-up: RBS, SSE, Islamic finance

Monday newspaper round-up: RBS, SSE, Islamic finance
RBS ‘bad bank’ decision looms; SSE director in utilities ‘transparency’ call; Islamic finance takes center stage in City. Pressure is mounting on George Osborne to split Royal Bank of Scotland into ‘good’ and ‘bad’ banks. The Chancellor looks set to decide the future of the taxpayer-backed lender this week following a Government-commissioned review of the ...

Islamic finance and food sector need convergence

Islamic finance and food sector need convergence
The two Sharia-compliant industries could work together for their mutual benefit Dubai’s recently unveiled strategy to be the capital of the Islamic Economy brings with it a range of exciting opportunities as well as some interesting challenges. Food and finance are the two most emergent opportunities. Islamic finance has excess liquidity and limited Sharia-compliant investment ...

The ICD-Thomson Reuters Islamic Finance Development Indicator announces initial findings

The ICD-Thomson Reuters Islamic Finance Development Indicator announces initial findings
Thomson Reuters announced today (27 October) the initial findings from its collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of the Islamic Development Bank (IDB). Earlier this year, Thomson Reuters and ICD announced the creation of the ICD-Thomson Reuters Islamic Finance Development Indicator (IFDI), a ...

The Global Islamic Economy Summit announces title sponsors

The Global Islamic Economy Summit announces title sponsors
Thomson Reuters and the Dubai Chamber of Commerce & Industry, the organisers of the upcoming ‘Global Islamic Economy Summit’ (GIES), announced their partnership with ADIB and Dubai Islamic Bank, who are taking on the role of Title Sponsors of the event. In addition, the leading Nutrition, Health and Wellness company, Nestlé Middle East, signs up ...

Cagayan de Oro hosts international conference on Islamic finance

Cagayan de Oro hosts international conference on Islamic finance
CAGAYAN DE ORO CITY, Oct. 25 (PIA) — The City of Golden Friendship hosted the first international conference on Islamic Finance, Muamalat and Financial Criminology (IFMFC) last October 23-24, 2013. The two-day conference, held in Grand Caprice Restaurant, was participated by Islamic bankers, government officials and employees, financial and academic regulators, government auditors, accounting practitioners, ...

UAE’s First Gulf Bank Acquires 100% Stake In Islamic Finance Firm

First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, said on Saturday it had acquired full ownership of an Islamic finance company as it expands its sharia-complaint operations globally. FGB raised its ownership from 40 per cent to 100 per cent in Aseel Islamic Finance through a purchase agreement, it ...

London first out of the blocks with WIEF as Islamic finance becomes a world force

London first out of the blocks with WIEF as Islamic finance becomes a world force
London has been riding a wave of Islamic investment in the past few years and is keen to attract more dollars from the fast-growing economies in Asia and the Middle East. The idea for hosting the first World Islamic Economic Forum (WIEF) outside Asia in London goes back to the late Sir Simon Milton, a ...