|Developments In Alternative Islamic Financial Products
Wednesday 13 September 2006
The Institute of Islamic Banking and Insurance London has organised their Monthly Lecture. The guest speaker is Br. M Iqbal Asaria of Afkar Consultants Ltd. Former Chair of the Business and Economics Committee of the Muslim Council of Britain (MCB)
Date: Friday, 22nd September 2006
Time: 05.30 pm
Chair: Dr. Humayon Dar
Managing Director, Dar Al Istithmar
A London-based global Shariah advisory firm.
Attendance: There is no charge to attend the lecture, if you wish to attend then, you must register by informing the Institute.
Venue: British Bankers' Association, Pinners Hall, 105 108 Old Broad Street, London EC2N 1EX (The building is near to Liverpool Street, Bank, and Moorgate Underground Station.
About the Lecture:
With the launch of the basic Islamic financial products in the UK and elsewhere, attention is now focused on alternative investment products to provide the backbone for Shariah-compliant savings and other financial instruments. We are beginning to see the development of cash management, Sukuk and other structured products to service this market. There is also the development of hybrid instruments sharing features of equity and bonds within the bounds of the Shariah. Securitisation, as a method of generating finance is beginning to take off. Some moves have been seen to commence secondary trading in these products as well. The lecture aims to outline the rationale for these products and also discuss some of the innovative products that are coming in the market.
About the Speaker:
M Iqbal Asaria trained as an economist and accountant. He has worked as an investment analyst in the City of London for several years. He is also a member of the Bank of England's Governor's working party set up to facilitate the introduction of Shariah-compliant financial products in the UK market. Presently, he is a Special Adviser on Business & Economic Affairs to the Secretary General of the Muslim Council of Britain. He is an associate of the Islamic Banking and Finance Institute of Malaysia (IBFIM), member of the City's FMLC (Financial Markets Law Committee) and has spoken at several conferences and symposia on Islamic banking and finance. He was awarded the CBE in the 2005 Queen's Honours List for services to international development.
To register please contact: Mr Mohammad Shafique
Telephone: 020 7245 0404 Fax: 020 7245 9769