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The Waqf Fund
The Waqf Fund was established in November 2006 under the auspices of the Central Bank of Bahrain (CBB) in partnership with Islamic Financial Institutions (IFIs) in Bahrain. Among the founding IFIs were Arcapita Bank, Bahrain Islamic Bank, Kuwait Finance House (Bahrain), AlBaraka Banking Group, Unicorn Investment Bank, ABC Islamic Bank, Shamil Bank (now Ithmaar Bank) and Gulf Finance House. The member institutions made one-time contributions to the Waqf Fund's corpus which is invested in Islamic money market instruments and the return is used to finance the Fund's initiatives. These initiatives are executed through partner organisations.  |
AAOIFI to Convene its Annual Shari'a Conference
Manama, 18 April 2012: Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will convene its Annual Shari'a Conference on 7 and 8 May 2012 in Manama, Kingdom of Bahrain. The conference will be held under the patronage of the Central Bank of Bahrain.
AAOIFI is the international body responsible for developing and issuing standards on Shari’a, accounting, auditing, ethics, and governance for the global Islamic finance industry. The conference forms part of AAOIFI’s consultation with the industry to facilitate its standard-setting efforts. H. E. Shaikh Ibrahim bin Khalifa Al Khalifa, Chairman of AAOIFI Board of Trustees explained that “development of industry standards is a continuous process governed by evolving dynamics of the Islamic finance industry. We need to ensure that the standards can continue to benefit the industry taking into account current changes in business and economic environment”.
AAOIFI Secretary General and Chief Executive, Dr. Khaled R. Al-Fakih, added that “the conference brings together prominent Shari’a Scholars, senior representatives from central banks, regulatory authorities and financial institutions, and Islamic finance practitioners. It provides a platform for exchanging ideas and discussing issues especially those relating to AAOIFI’s efforts on standardisation and harmonisation. We have so far issued a total of 84 Islamic finance standards and are currently working on developing new standards and reviewing existing ones. Discussion at the conference will cover topics relating to some of these standards.”
The topics to be discussed at the conference include Shari’a compliance and supervision processes, continuing development of Islamic financial and capital markets, legal issues in Islamic finance, potential areas for further growth of Islamic finance, and development of human capital resources in Islamic finance.
The opening ceremony of the conference includes graduation for candidates who have recently passed AAOIFI’s Certified Shari’a Adviser and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA) professional development programs. Training programs for the current intakes of CSAA and CIPA candidates will also be held from 9 to 12 May 2012 following the conclusion of the conference
For more information, please contact :
Mr. Khairul Nizam – Deputy Secretary General, AAOIFI
Ms. Zahra Haram- PR and Media Manager, AAOIFI
Tel: +97317244496 Fax: +97317250194
E-mail: aaoifi@batelco.com.bh
zahra@aaoifi.com
Manama, 18 April 2012: Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will convene its Annual Shari'a Conference on 7 and 8 May 2012 in Manama, Kingdom of Bahrain. The conference will be held under the patronage of the Central Bank of Bahrain.
AAOIFI is the international body responsible for developing and issuing standards on Shari’a, accounting, auditing, ethics, and governance for the global Islamic finance industry. The conference forms part of AAOIFI’s consultation with the industry to facilitate its standard-setting efforts. H. E. Shaikh Ibrahim bin Khalifa Al Khalifa, Chairman of AAOIFI Board of Trustees explained that “development of industry standards is a continuous process governed by evolving dynamics of the Islamic finance industry. We need to ensure that the standards can continue to benefit the industry taking into account current changes in business and economic environment”.
AAOIFI Secretary General and Chief Executive, Dr. Khaled R. Al-Fakih, added that “the conference brings together prominent Shari’a Scholars, senior representatives from central banks, regulatory authorities and financial institutions, and Islamic finance practitioners. It provides a platform for exchanging ideas and discussing issues especially those relating to AAOIFI’s efforts on standardisation and harmonisation. We have so far issued a total of 84 Islamic finance standards and are currently working on developing new standards and reviewing existing ones. Discussion at the conference will cover topics relating to some of these standards.”
The topics to be discussed at the conference include Shari’a compliance and supervision processes, continuing development of Islamic financial and capital markets, legal issues in Islamic finance, potential areas for further growth of Islamic finance, and development of human capital resources in Islamic finance.
The opening ceremony of the conference includes graduation for candidates who have recently passed AAOIFI’s Certified Shari’a Adviser and Auditor (CSAA) and Certified Islamic Professional Accountant (CIPA) professional development programs. Training programs for the current intakes of CSAA and CIPA candidates will also be held from 9 to 12 May 2012 following the conclusion of the conference
For more information, please contact :
Mr. Khairul Nizam – Deputy Secretary General, AAOIFI
Ms. Zahra Haram- PR and Media Manager, AAOIFI
Tel: +97317244496 Fax: +97317250194
E-mail: aaoifi@batelco.com.bh
zahra@aaoifi.com
Advocating Middle East SME Initiatives
Doha – Qatar, 2 April 2012: Under the patronage of Ministry of Business and Trade – Qatar the 2nd Middle East SME Forum 2012 (28 – 29 May, Grand Hyatt, Doha) will gather SME professionals, entrepreneurs, financial and banking professionals and governmental officials to discuss and understand the scope of SME sector in the region and evaluate different means to enhance the economic growth through this sector.
Qatar's current approach is focused on the holistic program to diversify and strengthen output and improve its competitiveness globally. Therefore Qatar places a strong emphasis on SMEs at being the heart of the country’s economic future.
The 2nd Middle East SME Forum bring forth success stories of industry leaders to share their experience and address the audience with the updated information, policies and SME supported ventures.
The conference will be opened by the inaugural speech given by H.E. Sheikh Hamad Bin Faisal Al Thani, Chairman - Al Khalij Commercial Bank (al khaliji) QSC (conference Headline Sponsor). The main focus will be on the importance of education, facilitation and also the crucial role of innovation which are becoming the shifting gears in the SME.
To boost SME development across the region a joint collaboration of governing entities and the private sector is crucial. Omar H. Al-Madhi, Assistant Deputy Governor – Research, Analysis & Councils from Saudi Arabian General Investment Authority (SAGIA) will lead the panel discussions on this subject on the first day of the conference.
Over 21 presentations will be enriched by 5 panel discussions just in 2 days of the 2nd Middle East SME Forum. Presentations, discussions and case studies will touch SME ecosystem in the Middle East environment, challenges and opportunities towards business start ups and also best practices and successful stories in the region’s SME sector.
About Fleming Gulf Conferences
With a rich history of producing high quality, industry specific business events around the world , Fleming Gulf Conferences is one of the leading names in the business intelligence industry. Our B2B conferences are highly interactive events with a limited number of delegates from specialized industry sectors including Finance, Energy, Shipping, Logistics, Utilities, Real Estate, Construction and more.
Media Contact
Mohor Mukherjee
Marketing Executive
T : +971-4-6091570
E : mohor.mukherjee@fleminggulf.com
Doha – Qatar, 2 April 2012: Under the patronage of Ministry of Business and Trade – Qatar the 2nd Middle East SME Forum 2012 (28 – 29 May, Grand Hyatt, Doha) will gather SME professionals, entrepreneurs, financial and banking professionals and governmental officials to discuss and understand the scope of SME sector in the region and evaluate different means to enhance the economic growth through this sector.
Qatar's current approach is focused on the holistic program to diversify and strengthen output and improve its competitiveness globally. Therefore Qatar places a strong emphasis on SMEs at being the heart of the country’s economic future.
The 2nd Middle East SME Forum bring forth success stories of industry leaders to share their experience and address the audience with the updated information, policies and SME supported ventures.
The conference will be opened by the inaugural speech given by H.E. Sheikh Hamad Bin Faisal Al Thani, Chairman - Al Khalij Commercial Bank (al khaliji) QSC (conference Headline Sponsor). The main focus will be on the importance of education, facilitation and also the crucial role of innovation which are becoming the shifting gears in the SME.
To boost SME development across the region a joint collaboration of governing entities and the private sector is crucial. Omar H. Al-Madhi, Assistant Deputy Governor – Research, Analysis & Councils from Saudi Arabian General Investment Authority (SAGIA) will lead the panel discussions on this subject on the first day of the conference.
Over 21 presentations will be enriched by 5 panel discussions just in 2 days of the 2nd Middle East SME Forum. Presentations, discussions and case studies will touch SME ecosystem in the Middle East environment, challenges and opportunities towards business start ups and also best practices and successful stories in the region’s SME sector.
About Fleming Gulf Conferences
With a rich history of producing high quality, industry specific business events around the world , Fleming Gulf Conferences is one of the leading names in the business intelligence industry. Our B2B conferences are highly interactive events with a limited number of delegates from specialized industry sectors including Finance, Energy, Shipping, Logistics, Utilities, Real Estate, Construction and more.
Media Contact
Mohor Mukherjee
Marketing Executive
T : +971-4-6091570
E : mohor.mukherjee@fleminggulf.com
International Conference on Islamic Fund would Commence from 23rd April, 2012 in Pakistan
A Huge Number of Islamic Financial Institutions and Delegates from 8 Different Countries are participating in this Event
16-04-2012 (Lahore) Due to mounting development of Islamic Banking and Finance in the country, International Financial Institutions have become more interested to invest in the field of Islamic Banking and Finance in Pakistan. Keeping this interest in view, in order to provide in-depth understanding and awareness to investors about Islamic Financial industry in Pakistan, an international conference on Islamic fund and investment is going to start from 23rd April, 2012 at Local hotel(Avari Tower), in the Commercial and financial centre of Pakistan, Karachi, in which delegates from different countries like USA, UAE, Canada, UK, Bahrain, Malaysia etc. are participating. In the first day of conference, topics like Investment opportunities in Islamic Fund, Shari’ah Status of Islamic Fund, Islamic Brokerages, Stock Exchanges based on Shari’ah principles, Standards of Islamic Fund, Islamic indices etc. would be discussed whereas a special workshop is being organized for the next two days in which the topics like Shari’ah standards of Islamic fund, international principles and marketing etc. would be discussed.
International speakers like Kavilash Chawla, Managing Director, Nur Global Strategies, Chicago, U.S.A, Omar Farooq Kalair, President and CEO, Um Financial Group, Canada, Majid Siddique Dawood, Chief Executive Officer, Yasaar Ltd, United Kingdom, Dr. Zubair Usmani, Shariah Advisor, MCB Bank Limited, Karachi-Pakistan, Mir Muhammad Ali, Chief Executive Office, UBL Fund Managers Limited, Karachi-Pakistan, Qazi Abdul Samad, Shariah Advisor, The Bank of Khyber, Peshawar-Pakistan, Mohammad Shoaib, CFA – Chief Executive, Al Meezan Investment Management Ltd, Mr. Azeem Iqbal Pirani, Regional Manager, FWU Group, Mr. Nadeem Naqvi, Managing Director/Chief Executive Officer, Karachi Stock Exchange and many more distinguish speakers are participating in this conference.
Be clear that in addition to Islamic Banking, Islamic Insurance and Murabaha, Islamic Fund Industry is also getting progress and prosperity in Pakistan. Right now, there are 15 Asset Management Companies having 29 Islamic Funds that are working very successfully and many of these funds remains at the top of the list in Islamic fund of Asia with respect to their performance which is an honor for Pakistan and on the same point, International Islamic Financial Institutions can be easily attracted towards investment in Pakistan. By conducting this conference, a huge number of investment opportunities are expected in Islamic Fund Industry of Pakistan due to which Stock Exchanges, Brokerages, Asset management and other related financial industry in addition to Islamic Fund industry would be strengthen.
The conference is being arranged with cooperation of UBL Fund Managers, AlMeezan Investment management Ltd, Dawood Family Takaful, Dadabhoy Institute of Higher Education and Diyanah Islamic Financial Services under the technical partnership with Meezan Bank, whereas AlHuda Centre of Islamic Banking and Economics is hosting this event.
A Huge Number of Islamic Financial Institutions and Delegates from 8 Different Countries are participating in this Event
16-04-2012 (Lahore) Due to mounting development of Islamic Banking and Finance in the country, International Financial Institutions have become more interested to invest in the field of Islamic Banking and Finance in Pakistan. Keeping this interest in view, in order to provide in-depth understanding and awareness to investors about Islamic Financial industry in Pakistan, an international conference on Islamic fund and investment is going to start from 23rd April, 2012 at Local hotel(Avari Tower), in the Commercial and financial centre of Pakistan, Karachi, in which delegates from different countries like USA, UAE, Canada, UK, Bahrain, Malaysia etc. are participating. In the first day of conference, topics like Investment opportunities in Islamic Fund, Shari’ah Status of Islamic Fund, Islamic Brokerages, Stock Exchanges based on Shari’ah principles, Standards of Islamic Fund, Islamic indices etc. would be discussed whereas a special workshop is being organized for the next two days in which the topics like Shari’ah standards of Islamic fund, international principles and marketing etc. would be discussed.
International speakers like Kavilash Chawla, Managing Director, Nur Global Strategies, Chicago, U.S.A, Omar Farooq Kalair, President and CEO, Um Financial Group, Canada, Majid Siddique Dawood, Chief Executive Officer, Yasaar Ltd, United Kingdom, Dr. Zubair Usmani, Shariah Advisor, MCB Bank Limited, Karachi-Pakistan, Mir Muhammad Ali, Chief Executive Office, UBL Fund Managers Limited, Karachi-Pakistan, Qazi Abdul Samad, Shariah Advisor, The Bank of Khyber, Peshawar-Pakistan, Mohammad Shoaib, CFA – Chief Executive, Al Meezan Investment Management Ltd, Mr. Azeem Iqbal Pirani, Regional Manager, FWU Group, Mr. Nadeem Naqvi, Managing Director/Chief Executive Officer, Karachi Stock Exchange and many more distinguish speakers are participating in this conference.
Be clear that in addition to Islamic Banking, Islamic Insurance and Murabaha, Islamic Fund Industry is also getting progress and prosperity in Pakistan. Right now, there are 15 Asset Management Companies having 29 Islamic Funds that are working very successfully and many of these funds remains at the top of the list in Islamic fund of Asia with respect to their performance which is an honor for Pakistan and on the same point, International Islamic Financial Institutions can be easily attracted towards investment in Pakistan. By conducting this conference, a huge number of investment opportunities are expected in Islamic Fund Industry of Pakistan due to which Stock Exchanges, Brokerages, Asset management and other related financial industry in addition to Islamic Fund industry would be strengthen.
The conference is being arranged with cooperation of UBL Fund Managers, AlMeezan Investment management Ltd, Dawood Family Takaful, Dadabhoy Institute of Higher Education and Diyanah Islamic Financial Services under the technical partnership with Meezan Bank, whereas AlHuda Centre of Islamic Banking and Economics is hosting this event.
Advocating Middle East SME Initiatives
Doha – Qatar, 2 April 2012: Under the patronage of Ministry of Business and Trade – Qatar the 2nd Middle East SME Forum 2012 (28 – 29 May, Grand Hyatt, Doha) will gather SME professionals, entrepreneurs, financial and banking professionals and governmental officials to discuss and understand the scope of SME sector in the region and evaluate different means to enhance the economic growth through this sector. . see more....
Doha – Qatar, 2 April 2012: Under the patronage of Ministry of Business and Trade – Qatar the 2nd Middle East SME Forum 2012 (28 – 29 May, Grand Hyatt, Doha) will gather SME professionals, entrepreneurs, financial and banking professionals and governmental officials to discuss and understand the scope of SME sector in the region and evaluate different means to enhance the economic growth through this sector. . see more....
AAOIFI to Convene its Annual Shari'a Conference
Manama, 18 April 2012: Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will convene its Annual Shari'a Conference on 7 and 8 May 2012 in Manama, Kingdom of Bahrain. The conference will be held under the patronage of the Central Bank of Bahrain. see more....
Manama, 18 April 2012: Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will convene its Annual Shari'a Conference on 7 and 8 May 2012 in Manama, Kingdom of Bahrain. The conference will be held under the patronage of the Central Bank of Bahrain. see more....
International Conference on Islamic Fund would Commence from 23rd April, 2012 in Pakistan
A Huge Number of Islamic Financial Institutions and Delegates from 8 Different Countries are participating in this Event
16-04-2012 (Lahore) Due to mounting development of Islamic Banking and Finance in the country, International Financial Institutions have become more interested to invest in the field of Islamic Banking and Finance in Pakistan. Keeping this interest in view, in order to provide in-depth understanding and awareness to investors about Islamic Financial industry in Pakistan, . . see more....
A Huge Number of Islamic Financial Institutions and Delegates from 8 Different Countries are participating in this Event
16-04-2012 (Lahore) Due to mounting development of Islamic Banking and Finance in the country, International Financial Institutions have become more interested to invest in the field of Islamic Banking and Finance in Pakistan. Keeping this interest in view, in order to provide in-depth understanding and awareness to investors about Islamic Financial industry in Pakistan, . . see more....
Centre of Islamic Banking & Economics
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