Islamic finance must move from personality to institutionalisation
The Islamic finance industry must put in place well-planned and transparent succession programmes to reduce the risk that is a result of reliance on key people
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PM Niksic and President of IDB on development of Islamic Banking in BiH Prime Minister Niksic thanked for the contribution and assistance Islamic Development Bank and its member in BiH Bosna Bank International (BBI) in restoration and development of economy of our country, stressing the need for stronger development of principles of the Islamic banking in BiH financial sector. ... more
Waqf Fund to boost resources at library MANAMA: The Waqf Fund, a Bahrain-based special fund to support Islamic finance training, education and research, reviewed its ongoing programmes at a key meeting. At its 16th board of trustees meeting, the fund expressed its satisfaction that training was being delivered to Islamic banking professionals and Sharia resources at Islamic banks under the Graduate Sponsorship Programme, Sharia Reviewer Development Programme and Advanced Diploma in Islamic Commercial Jurisprudence Programme. ... more
SHARIA UMEX HAS BEEN TIMELY SAYS SHEIKH HUSSAIN HAMID HASSAN – CHAIRMAN OF THE SHARIA COMMITTEE OF DUBAI ISLAMIC BANK "Having been through its early days, it is now time for the Islamic banking and finance sector to strengthen and expand industry infrastructure to ensure sustainable global operations," said Sheikh Hussain Hamid Hassan, a prominent Sharia scholar and chairman of Sharia Supervisory Board of Halal Industries Group. "Sustained growth results only from a stable and level playing business environment. Restricted access to capital markets, for the SME sector in particular, means inefficient and less sustainable economic backstay – the recent global crisis is testimony to that. UMEX is indeed a much needed and timely initiative.Such a platform would provide easy access to SMEs as well as encourage businesses to operate in an ethics-driven manner (making them inherently Islamic, as justice and ethics are among the ultimate objectives propagated by Sharia)," Sheikh Hussain continued ... more
