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 Audit for the UAE practice will lead this initiative in the UAE.
KPMG’s announcement comes at a great time especially in the UAE as His Highness Shaikh Mohammed bin Rashid Al Maktoum, recently launched the strategic plan to position Dubai as the capital of the Islamic economy. His Highness expressed his strong commitment to the success of the Islamic economy sector and about placing Dubai on the international economic map as the global destination of choice that provides Islamic products, finance and services as well as raising the standards for the management and quality of this sector to new levels.
Speaking about the GIFLT Muhammad Tariq said “We already have an award winning Islamic finance offering, with teams providing an array of services to clients around the world. The GIFLT will help drive KPMG firms’ market activity and is intended to aid closer coordination of client service teams in the development of new products and services to meet the increasingly sophisticated and global needs of clients in the Islamic Finance industry”.
The team comprises of representative from UK, UAE, Bahrain, Qatar, Kuwait, Saudi Arabia, Malaysia and South Africa.
“Islamic finance and its principles of fair dealing are becoming more and more globalised. This leadership team will leverage our member firms’ insights and expertise in Islamic finance to give our clients access to an outstanding depth and breadth of knowledge wherever in the world they need it” said Jeremy Anderson, KPMG’s Global Chairman of Financial Services.”