King & Spalding to open Dubai office
"King & Spalding plots growth in Islamic world", Atlanta Business Chronicle, December 14, 2006
The Atlanta-based law firm King & Spalding plans to open up a Dubai office in order to capture some of the market for Islamic finance.
Law firms chosen to advise on world's largest sukuk
"NAkheel lists world's largest Sukuk, giving DIFX 44 per cent of global listed value of Sukuk", AMEinfo, December 14, 2006
Clifford Chance & Denton Wilde Sapte, two large international law firm were picked to advise Nakheel on their world's-largest US$3.52 billion sukuk.
HSBC Amanah awarded 'outstanding Islamic private banking'
"HSBC Amanah named Most Outstanding Islamic Private Banking", AMEinfo, December 14, 2006
HSBC Amanah, the Islamic window of the international bank, was presented with the award at the 2006 Kuala Lumpur Islamic Financial Forum (KLIFF).
Islamic financial industry growth is the responsibility of all within the industry
"Future Success of Islamic Finance Rests On Efforts Of Industry Members", Bernama, December 14, 2006
The governor of Malaysia's central bank, Bank Negara Malaysia, Tan Sri Dr. Zeti Akhtar Aziz said that "all parties from the Islamic finance practitioners, educators to researchers, should put in relentless efforts to continuously promote the development of Islamic finance into one which is progressive, dynamic, responsive and sustainable."
I believe this could be accomplished most easily by integrating training in Islamic finance with sustainable, socially-responsible and ethical finance. Not only do both areas of finance have similar restrictions on their actions in order to promote an ethical vision, the practitioners could share knowledge and insights from their respective fields that would benefit both groups.