Monday, November 3, 2014

REDmoney pioneers groundbreaking Islamic finance student forum to confront human capital conundrum


Islamic Finance news Alert

Monday, 3rd November 2014

S&P 500 Shariah
Dow Jones Islamic World
MSCI World Islamic
FTSE Shariah All World
Russell - IdealRatings Islamic Global
1,778.06
2,863.52
1,166.13
2,043.08
1,840.97
21.43 (1.22%)
27.53 (0.97%)
(1.10%)
16.16 (0.80%)
23.84 (1.31%)


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MALAYSIA: With the aim of bridging the gap between the Islamic finance industry and the world of academia to produce quality professionals equipped with both the theoretical and practical expertise needed for real-life industry demands, REDmoney has partnered with Malaysia’s largest university, Universiti Teknologi MARA, to launch the all-new IFN Student Forum.

The first of its kind annual event is designed exclusively to encourage and introduce the Islamic finance industry leaders of tomorrow. To be held on the 18th March 2015, the forum joins a host of new IFN events scheduled for next year including IFN Qatar Forum, IFN Investor Forum, IFN US Investor Forum and the IFN Issuer Forum.

Targeted to attract over 650 Islamic finance students and senior faculties from a multitude of universities in the Asian region, the IFN Student Forum 2015 is a pioneering event bringing together some of the brightest aspiring Islamic finance professionals and existing industry elite practitioners for a day to interact, discuss and debate key issues surrounding the industry, with a focus on career development in Islamic banking and finance. The day will feature a variety of keynote speeches, panel discussions, presentations and breakout sessions delivered by some of the most prominent and experienced investment bankers, lawyers, fund managers and dealmakers in the industry.

“Having delivered 90 Islamic finance events in 23 countries since 2006, REDmoney and Islamic Finance news continue to innovate and diversify its product offering according to the needs of the industry; and minimizing the potential mismatch between human capital and industry demands is one such dire need,” said Andrew Morgan, the managing director and publisher of REDmoney Group. “Leveraging our extensive network and unparalleled access to the industry, not only do we intend to provide students with a glimpse of what the ‘real world’ has to offer through insightful discussions with industry professionals, but we also want to encourage practitioners to increase their intern numbers.”

With an initial roll out targeted for the Asian region; there are plans to eventually expand the series onto a global platform. Morgan also revealed that the IFN Student Forum represents the first step in a wider new education initiative from REDmoney, with further projects due to launch in 2015 – so watch this space.


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Turkey: An IFN Correspondent Report


Turkish central bank maintains interest rates on inflation concerns
According to the Central Bank of the Republic of Turkey (TCMB), the Monetary Policy Committee has decided to keep short-term interest rates constant.
IFN Weekly Poll


Will the slump in global commodity prices have a negative impact on the commodity-reliant Islamic industry?
Over the past few months, the market has witnessed a downward trend in global commodity prices. With numerous Islamic transactions involving commodity trading, does this decline affect the Shariah compliant industry? This week the NABILAH ANNUAR asks the industry if there is a potential predicament that could face Islamic finance, should the slump persist over the long term.

This week's question: ​Four non-Muslim sovereigns from three different continents came to market in 2014. With Mexico, amongst others, now considering sovereign Sukuk, which continent will see most issuances in 2015?


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Today's IFN Alerts


UK: European Islamic Investment Bank plans to relinquish UK banking license

TURKEY: Halkbank reveals plans to establish participation banking unit

MALAYSIA: Islamic Financial Services Board seeks public consultation on two new exposure drafts

GLOBAL: IDB pledges US$30 million in aid relief for Palestine

GLOBAL: Sedco Capital plans US$300 million club investment deal in European real estate

GLOBAL: Abu Dhabi Commercial Bank to expand business coverage in Southeast Asia with representative office in Singapore

SAUDI ARABIA: Alkhair International Islamic Bank sponsors IFN Saudi Forum 2014 breakout session

GLOBAL: ISFIN to organize seminar exploring Islamic investment opportunities in Belgium during Belgian economic mission to Malaysia and Singapore

MALAYSIA: Lembaga Tabung Haji acquires an 8.33% stake in WZ Satu

KUWAIT: Kuwait Finance House introduces new debit card for private banking clients

MALAYSIA: 1Malaysia Development misses deadline for submission of audited annual reports

GLOBAL: President of Kazakhstan recognized for contribution to Islamic finance

QATAR: Al-Ijarah Holding Company announces decline in net profit for first nine months of the year

KUWAIT: Burgan Bank reports net profit of KWD15.4 million (US$52.96 million) for the third quarter

MALAYSIA: RAM reaffirms 'AAA' rating for Danajamin Nasional

SAUDI ARABIA: Rating affirmed at 'B++' for Saudi United Cooperative Insurance

MALAYSIA: Standard Chartered Saadiq receives 'AAA/P1' ratings from RAM

MALAYSIA: Fitch downgrades MNRB Retakaful's outlook based on projected negative impact brought on by consolidation and review of business portfolio

TURKEY: Kuveyt Turk receives rating upgrade from Islamic International Rating Agency

MALAYSIA: Bursa Malaysia appoints Eshah Meor Suleiman as public interest director and audit committee member

GLOBAL: Norton Rose Fulbright names new managing partners


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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 Issuers Forum 2015
13th September 2015 (Dubai)

IFN Kuwait Forum 2015
5th October 2015 (Kuwait City)

IFN Iran Forum 2015
2015 (Tehran)


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)

Personal Data Protection Act
1st - 2nd December 2014 (Kuala Lumpur)

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

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

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

Shariah Audit for Islamic Investment & Capital Market Instruments
12th - 13th January 2015 (Kuala Lumpur)

IFSA 2013 and Islamic Banking Deposits
22nd January 2015 (Kuala Lumpur)

Managing Operational Risk in Trade Finance
26th - 27th January 2015 (Kuala Lumpur)

Structuring Bank Payment Obligations
28th - 29th January 2015 (Kuala Lumpur)

Ethical Banking, Sustainable & Responsible Investment (SRI) Sukuk
10th - 11th February 2015 (Kuala Lumpur)

Islamic Finance Qualification
9th - 11th March 2015 (Kuala Lumpur)

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

Understanding & Applying Structured Products
11th - 13th March 2015 (Kuala Lumpur)

Islamic Treasury and Risk Management Products
15th - 17th March 2015 (Riyadh)

Effective Sukuk Structuring
21st - 23rd April 2015 (Kuala Lumpur)

Structuring Islamic Trade Finance Solutions
26th - 28th April 2015 (Riyadh)

Structuring Sukuk & Islamic Capital Market Products
26th - 28th April 2015 (Muscat)

Managing Counterparty Credit Risk, Basel III and Recent Regulatory Issues
7th - 8th May 2015 (Kuala Lumpur)

Fixed Income Products & Bond Markets
11th - 12th June 2015 (Istanbul)

Managing Counterparty Credit Risk, Basel III and Recent Regulatory Issues
9th - 10th July 2015 (Hong Kong)

Islamic Finance Qualification
5th - 7th October 2015 (Kuala Lumpur)

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