Abou-El-Fotouh was speaking at Islamic Finance & Investment World – Africa 2008, captivated endure anniversary in Johannesburg, South Africa. He said that accumulated babyminding is the arrangement by which companies are directed and controlled as authentic in UK Combined Code. It involves a set of relationships amid a company’s management, its board, its shareholders and added stakeholders.
According to this definition, shareholders accredit admiral of the board. The axle oversees management, appoints CEO and is accountable to shareholders. The administration aggregation manages the alignment and in about-face is accountable to the axle and shareholders for abiding shareholders amount maximization.
Addressing the assembly about the capital stakeholders in Islamic cyberbanking accumulated babyminding framework, Abou-El-Fotouh said “ the stakeholders include, a allotment of others, law- & aphorism makers; Central Bank; banal exchange; regulations, advertisement rules, Islamic Accounting Standards Board, employees, Murabaha Investment anniversary holders; Murabaha costs partners; Current anniversary creditors and the Islamic community. Islam itself is the a lot of important stakeholder, he added.
About the Islamic abstraction of accumulated governance, Abou-El-Fotouh said that it stresses the three capital areas of accountability, accuracy and trustworthiness. Additionally, acceptable babyminding is connected with Islamic principles, such as preventing gharar (risk, uncertainty, and hazard) and alienated business affairs that could cause abuse to any of the parties. Islamic banking institutions access by the Shariah which governs the operations and affairs in accordance with Islamic attempt acquired from the Quran and Hadith. As to supervisions, Islamic banking institutions have to accept Shariah boards which analysis and ensure that all transactions, contracts, articles and applications apropos to the Islamic banking academy accede to Shariah rules and attempt with the specific fatwa, rulings and guidelines that accept been issued.
Abou-El-Fotouh explained that every Islamic case should be headed by an able board, which assumes specific responsibilities. The vision, action and accumulated ethics of the Islamic case should be acutely defined and understood. He added acicular out that there should be an able axle composition, with a able absolute aspect area no alone or baby accumulation of individuals should be accustomed to boss the board’s accommodation making. Additionally, there should be a bright analysis of responsibilities at the captain of an Islamic bank, which will ensure counterbalanced and bright curve of role, responsibility, ascendancy and accountability throughout the Islamic bank.
He explained that an Islamic case have to accept a academic and cellophane action for the adjustment of admiral to the axle and the adjustment of CEO. Additionally, the admiral have to be bodies of caliber, believability and candor with the all-important abilities and acquaintance and be able to allot time and commitment. The axle as a whole, the admiral and CEO have to be accountable to a academic and an advancing appraisal of their effectiveness.
Abou-El-Fotouh assured by adage that there is no “single model” of accumulated babyminding that can plan able-bodied in every country. Each Islamic banking academy should advance its own archetypal that can baby for its specific needs and objectives. Similarly, there is no harder and fast aphorism that can be activated in adorning acceptable babyminding ability in Islamic banking institutions
About Hany Abou-El-Fotouh:
First carnality admiral and accumulation arch of accumulated babyminding and compliance, ABC Bank, Egypt, he is a arch able on money bed-making and agitator costs controls in the Middle East-North Africa arena with all-encompassing acquaintance in AML acquiescence and training. Founder of the Middle East Compliance Officers’ Forum, he has been accustomed for his plan in announcement acquiescence acquaintance in Egypt and the MENA region. Previously, he captivated top acquiescence positions in bunch institutions, such as HSBC Bank Egypt, Banque Saudi Fransi, and Oman International Bank.
Showing posts with label Islamic. Show all posts
Showing posts with label Islamic. Show all posts
Monday, December 21, 2009
The Edcomm Group Banker’s Academy’s Dr. Linda Eagle to Speak at the Islamic Finance News Forum
The Edcomm Group Banker’s Academy’s admiral and founder, Dr. Linda Eagle, will allege at the Islamic Finance News (IFN) Forum on October 15, 2008, to be captivated at the LeParker Meridien in New York, NY.
Dr. Eagle will be the adjudicator for a appointment advantaged United States and The Islamic Capital Markets. This affair will focus on the position of New York in commendations to Islamic Finance. Participants will altercate the authoritative requirements and tax issues, what it takes to body the all-important infrastructure, contempo developments in Islamic accounts at home and abroad, and New York’s approaching role and affairs in Islamic finance.
With antecedent acquaintance alive with Islamic banking institutions, Dr. Eagle will accord her ability to the altercation and advice acknowledgment important questions. “I’m analytic advanced to administration what The Edcomm Group Banker’s Academy’s has already able in the apple of Islamic finance, and acquirements added about how New York and the United States can abide to advance the Islamic cyberbanking world,” Dr. Eagle said.
The Islamic Finance News Forum Road Show 2008 (http://www.islamicfinanceevents.com/ifnforum2008/about_ny.php) is a alternation of one-day forums hosted at 9 of the world’s developing markets for Shariah accounts in 2008. The alley appearance focuses on new markets that are currently abortive in the Islamic Banking world, with appropriate absorption to those who already accept all-embracing participation. The alley appearance runs from April to December and visits Singapore, Hong Kong, Jakarta, Cairo, London, Istanbul, Karachi, and Brunei. The New York appointment will be the fifth leg of the IFN show.
The Road Show is organized by REDmoney, the captivation aggregation for Islamic Finance News, Islamic Finance Training and Red Money Training. Islamic Financial News educates professionals about the world, who are potentially or currently complex in Islamic banking, on how to accept the market, the players, the individuals, and the allowances of Islamic cyberbanking compared to the accepted basic markets.
The Edcomm Group Banker’s Academy is a 21-year-old multimedia apprenticeship and advice consulting close specializing in the development of artistic business solutions that advance productivity, chump account and bazaar allotment - accouterment bottom-line results. The Edcomm Group Banker’s Academy has had the advantage of acceptable abounding acclaimed audience with business solutions in the anatomy of eLearning programs, classroom instruction, multimedia assembly and online and book based documentation. Edcomm Banker's Academy offers abounding off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training accurately advised for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker's Academy (www.edcomm.com) (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center amid in Fort Washington, Pennsylvania.
Contact:
Linda Eagle
The Edcomm Group Banker’s Academy
21 Penn Plaza
Suite 1010
New York, NY 10001
888-433-2666
linda.eagle@edcomm.com http://www.bankersacademy.com
.
Dr. Eagle will be the adjudicator for a appointment advantaged United States and The Islamic Capital Markets. This affair will focus on the position of New York in commendations to Islamic Finance. Participants will altercate the authoritative requirements and tax issues, what it takes to body the all-important infrastructure, contempo developments in Islamic accounts at home and abroad, and New York’s approaching role and affairs in Islamic finance.
With antecedent acquaintance alive with Islamic banking institutions, Dr. Eagle will accord her ability to the altercation and advice acknowledgment important questions. “I’m analytic advanced to administration what The Edcomm Group Banker’s Academy’s has already able in the apple of Islamic finance, and acquirements added about how New York and the United States can abide to advance the Islamic cyberbanking world,” Dr. Eagle said.
The Islamic Finance News Forum Road Show 2008 (http://www.islamicfinanceevents.com/ifnforum2008/about_ny.php) is a alternation of one-day forums hosted at 9 of the world’s developing markets for Shariah accounts in 2008. The alley appearance focuses on new markets that are currently abortive in the Islamic Banking world, with appropriate absorption to those who already accept all-embracing participation. The alley appearance runs from April to December and visits Singapore, Hong Kong, Jakarta, Cairo, London, Istanbul, Karachi, and Brunei. The New York appointment will be the fifth leg of the IFN show.
The Road Show is organized by REDmoney, the captivation aggregation for Islamic Finance News, Islamic Finance Training and Red Money Training. Islamic Financial News educates professionals about the world, who are potentially or currently complex in Islamic banking, on how to accept the market, the players, the individuals, and the allowances of Islamic cyberbanking compared to the accepted basic markets.
The Edcomm Group Banker’s Academy is a 21-year-old multimedia apprenticeship and advice consulting close specializing in the development of artistic business solutions that advance productivity, chump account and bazaar allotment - accouterment bottom-line results. The Edcomm Group Banker’s Academy has had the advantage of acceptable abounding acclaimed audience with business solutions in the anatomy of eLearning programs, classroom instruction, multimedia assembly and online and book based documentation. Edcomm Banker's Academy offers abounding off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training accurately advised for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker's Academy (www.edcomm.com) (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center amid in Fort Washington, Pennsylvania.
Contact:
Linda Eagle
The Edcomm Group Banker’s Academy
21 Penn Plaza
Suite 1010
New York, NY 10001
888-433-2666
linda.eagle@edcomm.com http://www.bankersacademy.com
.
IslamicAdvisory.com Launches First Online Islamic Finance Certificate
IslamicAdvisory.com, the world's alone Islamic accounts training portal, launches the aboriginal accepted Islamic accounts training affidavit accessible 100% online, with exams starting this ages for the CIFE™, or Certified Islamic Finance Executive™. Recently nominated "Best Islamic Finance Training Institution" by Islamic Business and Finance Awards, IslamicAdvisory.com anxiously tests and approves its training and acceptance with a aggregation of arch advisers and bankers.
The CIFE™'s barrage is admired as a battleground accident by industry insiders. Afaq Khan, CEO at Standard Chartered's Saadiq, said, "This is a appropriate and abundant bare development in the industry. Qualified animal basic is the a lot of analytical charge for the industry to advance its advance aisle above geographies. Such solutions will go a continued way in accouterment analytical accoutrement for practitioners."
IslamicAdvisory's MD Atif Khan said, "We accept that IslamicAdvisory's CIFE™ is a continued behind footfall in announcement Islamic accounts arete above the globe, not just in the above banking centres. For the aboriginal time ever, Islamic accounts training is chargeless of expensive, absent conferences, CDs-by-mail, and anachronous workbooks. We bear standardized, streamable agreeable 24 hours a day to any Internet affiliation in the world."
Membership at the website has been booming back the portal's launch. With over 5 new individuals signing up every individual day for several months now, the banks are demography apprehension too. Several Islamic banks accept already lined up for accumulated licenses to accredit their bankers and now bookish institutions are analytic to accredit their acceptance as well. Professor Hejazi at the University of Toronto's Rotman Business School discussed application IslamicAdvisory's training as allotment of a new set of courses: "I accept advised these online sessions and I am actual afflicted with what I see. They accommodate a solid foundation that is axiological to absolutely compassionate Islamic finance."
For a bound time, IslamicAdvisory.com offers a 25% abatement here: http://www.islamicadvisory.com/Certification.aspx
About IslamicAdvisory.com
IslamicAdvisory.com is the world's aboriginal Islamic accounts training portal. The CIFE™, or Certified Islamic Finance Executive™, is IslamicAdvisory's acceptance and the aboriginal accepted Islamic accounts training affidavit accessible 100% online. The Dubai-based aggregation began operations in 2007 and afterwards a 2-year aeon of acute analysis and development, launched IslamicAdvisory.com in 2009, promptly accumulation the aggregation a choice for "Best Islamic Finance Training Institution" from Islamic Business and Finance Awards. Based on its latest allotment sales, the aggregation is admired at USD30 million. http://www.IslamicAdvisory.com
Contact:
Sameer Hasan, Business Director
email: sameer@islamicadvisory.com (Preferred approach of communication)
Mob: +9714 319 7855 (Leave voicemail if busy. All calls are returned.)
The CIFE™'s barrage is admired as a battleground accident by industry insiders. Afaq Khan, CEO at Standard Chartered's Saadiq, said, "This is a appropriate and abundant bare development in the industry. Qualified animal basic is the a lot of analytical charge for the industry to advance its advance aisle above geographies. Such solutions will go a continued way in accouterment analytical accoutrement for practitioners."
IslamicAdvisory's MD Atif Khan said, "We accept that IslamicAdvisory's CIFE™ is a continued behind footfall in announcement Islamic accounts arete above the globe, not just in the above banking centres. For the aboriginal time ever, Islamic accounts training is chargeless of expensive, absent conferences, CDs-by-mail, and anachronous workbooks. We bear standardized, streamable agreeable 24 hours a day to any Internet affiliation in the world."
Membership at the website has been booming back the portal's launch. With over 5 new individuals signing up every individual day for several months now, the banks are demography apprehension too. Several Islamic banks accept already lined up for accumulated licenses to accredit their bankers and now bookish institutions are analytic to accredit their acceptance as well. Professor Hejazi at the University of Toronto's Rotman Business School discussed application IslamicAdvisory's training as allotment of a new set of courses: "I accept advised these online sessions and I am actual afflicted with what I see. They accommodate a solid foundation that is axiological to absolutely compassionate Islamic finance."
For a bound time, IslamicAdvisory.com offers a 25% abatement here: http://www.islamicadvisory.com/Certification.aspx
About IslamicAdvisory.com
IslamicAdvisory.com is the world's aboriginal Islamic accounts training portal. The CIFE™, or Certified Islamic Finance Executive™, is IslamicAdvisory's acceptance and the aboriginal accepted Islamic accounts training affidavit accessible 100% online. The Dubai-based aggregation began operations in 2007 and afterwards a 2-year aeon of acute analysis and development, launched IslamicAdvisory.com in 2009, promptly accumulation the aggregation a choice for "Best Islamic Finance Training Institution" from Islamic Business and Finance Awards. Based on its latest allotment sales, the aggregation is admired at USD30 million. http://www.IslamicAdvisory.com
Contact:
Sameer Hasan, Business Director
email: sameer@islamicadvisory.com (Preferred approach of communication)
Mob: +9714 319 7855 (Leave voicemail if busy. All calls are returned.)
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