Words of Wisdom - the Editor

Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.

UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?

Thursday, February 14, 2008

Risk Management in Islamic Banking: an integrated approach

The Global Association of Risk Professionals (GARP) UAE chapter, in association with IRIS integrated risk management, organize the seminar 'Risk Management in Islamic Banking: an integrated approach'.

United Arab Emirates: Monday, February 11 - 2008

The event will be held on February 21 at the Taj Palace Hotel, Dubai.

Mr. Sohail Zubairi, AVP and Head of the Shariah Coordination Department at the Dubai Islamic Bank, will provide an insight into 'The fascinating aspect of self-mitigation of risks in Sharia structures for finance and investment'.

The event will also feature authors of the book, 'Financial Risk Management for Islamic Banking and Finance', Dr. Sunil Kumar and Dr. Ioannis Akkizidis, who will share their views on integrated risk management in Islamic Banking. Mr. Hung Wong, Senior Manager Insurance and Investments at HSBC Bank Middle East Ltd., will represent the conventional banker's perspective on risk management in Islamic Banking and Mr. Horst Simon, Head of Operational Risk at the Group Risk Management, UAE and Co-Regional Director at GARP, will approach Operational Risk issues specific to Islamic Banking.

The program will begin at 4 PM. Presentations will conclude at 7 PM followed by a dinner reception.

The event may be attended by GARP members.
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