Islamic finance Executive MBA
Although I have already mentioned that Cass Business school will offer classes in Islamic finance, I wanted to link to an article on CNN.com. I was encouraged to see recognition that "Muslims also believe that investing should be socially responsible." The recognition that Islamic finance and investing is at its heart a type of ethical investing will increase its appeal among Muslims and also provide an easy way to draw non-Muslims into the industry.
Islamic finance in Botswana
The First National Bank of Botswana (FNBB) announced it will offer Shari'ah-compliant products in addition to its conventional banking products. According to the article, 15,000-20,000 Muslims live in Botswana out of a total population of 1.6 million, although other estimates of the Muslim population range from 3,000 to 75,000.
Global Islamic Finance Forum 2007
Bank Negara Malaysia, Malaysia's central bank, will host a four-day conference centered around the Islamic Financial Services Board annual meeting. The keynote address at the conference, held from March 26 - 29, 2007, is from Abdullah Ahmad Badawi, the Malaysian Prime Minister.
This conference is one of many included in the Institute of Halal Investing list of conferences.
Emirates Bank enters Asia through Singapore
Emirati Islamic bank, Emirates Bank plans to expand into the Asia/Pacific region through Singapore. The branch has been open since November, but the formal opening will occur this week.
CORRECTION
Yesterday, I mistakenly said that Syed Tariq Hussain was chairman of Emirates Islamic Bank and Emirates Global Islamic Bank Ltd. He is only chairman of Emirates Global Islamic Bank Ltd.
Showing posts with label MBA. Show all posts
Showing posts with label MBA. Show all posts
Thursday, March 01, 2007
Tuesday, February 20, 2007
Further Real Estate Finance Activity in the GCC, New MBA in Islamic Finance in the U.K.
Gulf Finance House launches stand-alone real estate company
Following similar announcements from Al Salam Bank Bahrain and Deyaar, the subsidiary of Dubai Islamic Bank (DIB), Gulf Finance House announced today that they plan to increase their infrastructure and real estate development division. The real estate markets have significantly grown since 2002. Real estate investment funds in the Gulf Cooperation Council grew from $42 million in 2002 to $2 billion in 2004 and have continued to grow since then. Similarly large growth has occurred across the real estate industry and provides the impetus for banks to finance further real estate development.
Cass Business School to offer Executive MBA Courses in Islamic Finance
The courses, offered at Cass Business School in London in collaboration with the Dubai International Financial Centre (DIFC), will begin in September 2007. The press release from Cass Business School includes a quote from Dr. Omar bin Sulaiman, "The boom witnessed in the region [for Islamic finance] has opened the doors to hundreds of thousands of jobs, and there is a dearth of qualified professionals in the financial sector. As reforms accelerate further within the Islamic finance sector, there will be a requirement for talents at a level and scale never seen before." The courses follow an article last November in the Financial Times about the possibility of an Islamic Finance MBA as well as a widely-reported shortage of skilled employees to staff the continued growth of the Islamic financial industry. That article ended with the quote from a senior executive at a Middle Eastern Islamic bank, "Shariah scholars may have knowledge of religion but they don't necessarily know the marketplace. As the demand grows for Islamic money and the scale of this business grows rapidly, MBAs who understand the conceptual basis may be far more successful than just plain MBAs."
Following similar announcements from Al Salam Bank Bahrain and Deyaar, the subsidiary of Dubai Islamic Bank (DIB), Gulf Finance House announced today that they plan to increase their infrastructure and real estate development division. The real estate markets have significantly grown since 2002. Real estate investment funds in the Gulf Cooperation Council grew from $42 million in 2002 to $2 billion in 2004 and have continued to grow since then. Similarly large growth has occurred across the real estate industry and provides the impetus for banks to finance further real estate development.
Cass Business School to offer Executive MBA Courses in Islamic Finance
The courses, offered at Cass Business School in London in collaboration with the Dubai International Financial Centre (DIFC), will begin in September 2007. The press release from Cass Business School includes a quote from Dr. Omar bin Sulaiman, "The boom witnessed in the region [for Islamic finance] has opened the doors to hundreds of thousands of jobs, and there is a dearth of qualified professionals in the financial sector. As reforms accelerate further within the Islamic finance sector, there will be a requirement for talents at a level and scale never seen before." The courses follow an article last November in the Financial Times about the possibility of an Islamic Finance MBA as well as a widely-reported shortage of skilled employees to staff the continued growth of the Islamic financial industry. That article ended with the quote from a senior executive at a Middle Eastern Islamic bank, "Shariah scholars may have knowledge of religion but they don't necessarily know the marketplace. As the demand grows for Islamic money and the scale of this business grows rapidly, MBAs who understand the conceptual basis may be far more successful than just plain MBAs."
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