Monday, September 29, 2014

REDmoney partners with NASDAQ Dubai and AIMS to develop Islamic finance human capital pool

Islamic Finance news Alert

Friday, 26th September 2014

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Dow Jones Islamic World
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UAE: Education has been identified as a key driver for growth within the Islamic finance industry and institutions have been working on both sides of the provider/consumer divide to ensure that education is playing its part in fuelling the development of Islamic finance. In that spirit, leading Islamic finance media company REDmoney Group has signed an agreement with international exchange NASDAQ Dubai and UAE-based Islamic advisory partnership AIMS, under which the three entities will collaborate to provide training courses to develop human capital in the financial sector, both Islamic and conventional.

The three-way partnership will see these market leaders working together to design, market and deliver high quality, high level courses in the UAE organized by NASDAQ Dubai Academy, the exchange’s training arm, that will cover a wide range of topics including: corporate banking, investment banking, capital raising, risk management, treasury products and fund management.

Commenting on this landmark collaboration, Andrew Tebbutt, the managing director of REDmoney, said: “We are very excited to be working with some of the industry’s most recognized names. The financial sector is no doubt a rapidly growing market and with that there is a huge need for quality professionals, especially in the Islamic segment. We look forward to meeting the talent gap with our first rate educational training programs.”

The number of programs available for Islamic finance education is growing in both size and reach, with providers in countries around the world offering students the opportunity to study Islamic finance at a higher level, in preparation to add much needed numbers to the industry’s workforce. It is estimated that Dubai will require more than 8,000 new employees trained in Islamic finance by next year to reach the targets set by the emirate in order to reach its goal of becoming the capital of the Islamic economy. Globally, it is estimated that 50,000 new employees are necessary for the development of the industry.

The first series of courses will be held in Dubai and will include: the Derivatives and Options Masterclass, to take place between the 2nd and 4th November; followed by Islamic Treasury & Risk Management Products to take place from 17th to 19th November.


South Africa: An IFN Correspondent Report

The case for an exhilarating prospect
Shrouded in uncertainty for a while now, specific questions regarding South Africa’s decision to go live would finally be put to bed, now that the government has finally announced the size, tenure and yield of its maiden Sukuk. The news that the SA National Treasury issued its US$500 million 5.75-year Sukuk at a yield of 3.9% finally broke last week.
IFN Global Trendswatch

Today's IFN Alerts

MALAYSIA: Malaysia to issue RM3.5 billion (US$1.08 billion)-worth of Murabahah government investment facilities on the 30th September

LUXEMBOURG: Luxembourg Stock Exchange expects another Islamic listing next week following listing of Sukuk from Goldman Sachs and South Africa

MALAYSIA: Bank of Tokyo-Mitsubishi (Malaysia) considers seeking regulatory approval to offer ringgit-denominated Islamic financing facilities next year

UAE: Dubai Islamic Economy Development Center launching Islamic economy report in December

UK: OAC Actuaries and Consultants enters Takaful market with Islamic insurance model for its financial modelling software

PAKISTAN: United Insurance Company becomes Pakistan's first Takaful window operator with 'Amaan'

UAE: Emirates Islamic offers customers repayment deferment option in honor of Eid Al Adha

UK: European Islamic Investment Bank realizes profit for the first half after negative earnings in the previous corresponding period

SAUDI ARABIA: SABB Takaful board accepts chairman's resignation














REDmoney events

IFN Kuwait Forum 2014
29th September 2014 (Kuwait City)

IFN Sri Lanka Forum 2014
21st October 2014 (Colombo)

IFN Turkey Forum 2014
6th November 2014 (Istanbul)

IFN Saudi Arabia Forum 2014
17th November 2014 (Riyadh)

IFN Africa & Egypt Forum 2014
8th December 2014 (Cairo)

IFN Indonesia Forum 2015
22nd April 2015 (Jakarta)

IFN Asia Forum 2015
25th-26th May 2015 (Kuala Lumpur)

IFN Europe Forum 2015
9th-10th June 2015 (Luxembourg)

IFN Global Forum 2015
13th-14th September 2015 (Dubai)

REDmoney training

Basel III for Financial Institutions
13th - 15th October 2014 (Kuala Lumpur)

Shariah Audit for Islamic Business Banking
13th - 15th October 2014 (Kuala Lumpur)

Structuring Islamic Legal Documentation
14th - 15th October 2014 (Kuala Lumpur)

Shariah Governance, Corporate Governance and IFSA 2013
15th - 16th October 2014 (Kuala Lumpur)

Funds Transfer Pricing
19th - 21st October 2014 (Manama)

Stress-testing for Banks and Financial Institutions
28th - 29th October 2014 (Kuala Lumpur)

Derivatives & Options Masterclass
2nd - 4th November 2014 (Dubai)

Asset and Liability Management
9th - 11th November 2014 (Doha)

Advanced Sukuk & Islamic Securitization
10th - 12th November 2014 (Kuala Lumpur)

Accounting & Reporting for Islamic Financial Products
10th - 12th November 2014 (Kuala Lumpur)

Application of Islamic Principles in Shariah Fund Management
13th November 2014 (Kuala Lumpur)

Islamic Treasury and Risk Management Products
17th - 19th November 2014 (Dubai)

Effective Derivative Product Operations
17th - 19th November 2014 (Kuala Lumpur)

Funds Transfer Pricing
1st - 3rd December 2014 (Kuala Lumpur)

Takaful: Concepts, Products and Operation
8th - 10th December 2014 (Kuala Lumpur)

Advanced Sukuk & Islamic Securitization
15th - 17th December 2014 (Dubai)

Funds Transfer Pricing
15th - 17th December 2014 (Hong Kong)

Fixed Income Products & Bond Markets
9th - 10th March 2015 (Kuala Lumpur)

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