Tagged: Australia / NZ

Islamic Finance Industry Development Challenge

Islamic Finance Industry Development Challenge

<p>The shift in global banking is not a trend, and the challenge for all of us is to bridge the gap in financial practice and seize the opportunities that lie ahead, bringing ethics back into finance.</p>
<p>Thomson Reuters and Abu Dhabi Islamic Bank (ADIB) are partnering to launch the world&rsquo;s first Ethical Finance Innovation Challenge and Awards (EFICA). In the dawn of a new economic world, these awards are designed to inspire and recognise a fresh way of thinking by promoting some of the most dynamic, innovative ideas and solutions around integrity and growth.</p>
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<p><a href="http://updates.thomsonreuters.com/events/efica/#" title="http://updates.thomsonreuters.com/events/efica/#">http://updates.thomsonreuters.com/events/efica/#</a></p>
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Amanie plans sukuk for Australian business

Amanie plans sukuk for Australian business

<p>Amanie Advisors Australia Pte Ltd, which is part of the Malaysian Amanie Advisors Group, has proposed to raise multiple short-term sukuk to cover Australia&rsquo;s manufacturing ecosystem as part of the strategy to win funds from the Gulf area. Amanie founder and group chairman Dr Mohd Daud Bakar said the structures used in Islamic finance transactions mirror very closely the types of funding that are currently in demand in Australia, particular with respect to real economic activity which include leasing, financing of mining activities and farming. Amanie's idea involves funding from the whole value chain of any business, for examples electricity production. This is a totally new way of approach in the Islamic finance industry, which seems to have been well accepted in Australia. The short-term sukuk will involve the banks in the value chain, reduce the dependency of farmers and producers from conventional or private funds though the risk is quite high but the third party acts as the underwriter.</p>
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<div>Source:&nbsp;</div>
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<p><a href="http://themalaysianreserve.com/main/news/corporate-malaysia/4081-amanie-plans-sukuk-for-australian-business" title="http://themalaysianreserve.com/main/news/corporate-malaysia/4081-amanie-plans-sukuk-for-australian-business">http://themalaysianreserve.com/main/news/corporate-malaysia/4081-amanie-…</a></p>
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IDB:  Young Professionals Program (YPP)

IDB: Young Professionals Program (YPP)

<p>ABOUT YPP: </p>
<p>The Young Professionals Program (YPP) is the strategic talent pipeline for the professional career in the Islamic Development Bank (IDB) Group. The Program is designed for outstanding young graduates who can significantly help the IDB Group to carry out its mission and attain its objectives.</p>
<p>This Program enables each Young Professional (YP) to receive extensive exposure and experience of the IDB Group&rsquo;s various activities through job rotations in different departments. Participants will initially spend two weeks Orientation stage in HRMD. Then, 27 months in Foundation stage which will be split into three rotations of 9 months each in IDB Group departments.</p>
<p>Participants will also benefit from a coaching/mentoring arrangement and a wide range of relevant training and developmental opportunities.</p>
<p>Upon successful program completion, the participant will gradually climb up the professional grades in the IDB Group</p>
<p>[…]</p>
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<div>Source:&nbsp;</div>
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<p><a href="http://www.isdb.jobs/careers/isdb/VacancyDetail.aspx?PageID=2513&amp;VacancyID=59351" title="http://www.isdb.jobs/careers/isdb/VacancyDetail.aspx?PageID=2513&amp;VacancyID=59351">http://www.isdb.jobs/careers/isdb/VacancyDetail.aspx?PageID=2513&amp;Vacancy…</a></p>
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Australian Islamic finance presents opportunities

Australian Islamic finance presents opportunities

Less than one per cent of investment products in Australia are Shariah compliant, suggesting huge opportunities for fund managers in this segment. The Muslim Community Co-operative Australia (MCCA) manages a Shariah compliant property income fund which…

Islamic bonds find favour in Australia

Islamic bonds find favour in Australia

Insurance Australia Group (IAG) is growing in Asia, but also interested in Australia. Its chief executive Mike Wilkins recommended Australia pull down tax barriers in order to encourage Islamic finance. The federal government is yet to respond to a sub…

Melbourne to Host World Ethical Banking Conference

Melbourne to Host World Ethical Banking Conference

Melbourne has been named as the host of the 2014 ethical bank conference, organised by the Global Alliance of Banking on Values (GABV). The conference will be hosted by Australian owned bankmecu and will be attended by 22 of the world’s leading sustainable banks. bankmecu Managing Director Damien Walsh said that these annual meetings provide an opportunity to discuss the role and responsibilities of banks and how they can contribute to a more sustainable world and a social economy. The carbon neutral event will have the theme of leadership in banking and will be held in March 2014.

Investing in good faith

Investing in good faith

Talal Yassine, founder of Islamic investment fund Crescent Wealth, believes Australia’s Muslim population offers growth potential for sharia-compliant financial products. Crescent Wealth’s criteria exclude investing in banks or other financial stocks a…