| Jan 22 | Launch of UMEX Africa |
|---|---|
| Nov 12 | IFN Forum Saudi Arabia |
ADIB puts Islamic finance on the global ethical business agenda Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial institution, made the case for the viability of Islamic finance as an ethical and sustainable business model in the global financial landscape. ... more
IFSB to revise capital adequacy standard for Islamic banks Oct 30 (Reuters) - The Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to revise its capital adequacy guidelines for Islamic financial institutions, with a draft to be released in November for industry feedback. ... more
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
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