Job Description
A major International Islamic Bank is currently seeking a regional Chief Financial Officer for their operations in Lebanon and Qatar. This role will be primarily based in Beirut.
Skills
Requirements:
* 10+ Years Experience in Senior Fin…
<p>Profits of Lebanese banks operating in Syria in the first three months of 2013 fell by 98.2 percent to $640,000 from $49.8 million in the same period of 2012. That was compared to aggregate net losses of 489.5 million pounds in the fourth quarter of 2012. The aggregate shareholders’ equity of the seven banks reached 35.3 billion pounds, or $406.5 million, at end-March 2013, unchanged from end-2012. The banks’ total operating income reached 4.7 billion pounds in the first quarter of 2013, down 35.7 percent from 7.3 billion pounds in the same period last year. Lebanese banks in Syria have increased provisions for nonperforming loans, though they realize this will affect profits considerably. All of the Lebanese banks said they had no intention of withdrawing from the Syrian market now or in the future because they believed the situation would get back to normal eventually.</p>
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<p><a href="http://www.zawya.com/story/Profits_of_Syrian_affiliates_of_Lebanon_banks_sink_982-DS25*06*2013_dsart*221456/" title="http://www.zawya.com/story/Profits_of_Syrian_affiliates_of_Lebanon_banks_sink_982-DS25*06*2013_dsart*221456/">http://www.zawya.com/story/Profits_of_Syrian_affiliates_of_Lebanon_banks…</a></p>
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Independent consulting firm CSR Lebanon held the 3rd CSR Lebanon Forum on March 18 and 19 entitled “Corporate Social Responsibility in Times of Uncertainty”. The fórum was attended by more than 500 leaders from the business community, government, civil society and academia. Among them, there were 30 international, regional and local corporate sustainability experts, along with chief representatives from the United Nations Global Compact (UNGC) and Global Reporting Initiative (GRI). All speakers and international representatives provided business cases which Lebanon can build upon to promote responsible business practices and transparent sustainability reporting.
Lebanese banks anticipate the Syrian market to grow once the political stability will be reached. By now, there are seven Lebanesse banks that are operating in Syria.
Source:
http://www.ameinfo.com/leb…
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BIC/MENA and civil society representatives from Egypt, Lebanon, Tunisia, and Yemen among others successfully engaged the World Bank at the 2011 Civil Society Policy Forum of the World Bank/IMF Annual Meetings.
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Adnan Yousif, Chief Executive Officer of Al Baraka Banking Group and President of the Union of Arab Banks, declined suggestions of capital flight from Syria to Lebanon.
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With the help of social accountability, citizens in the Arab world are holding public institutions accountable for delivering public services and improving the welfare of citizens. The citizens therefor work with governments in a productive, meaningful…
Many jurisdictions are interested in Islamic finance and have taken initiatives to develop the industry through reviewing their legal framework to facilitate the introduction of a range of Islamic financial products, including more recently France, Ire…
Lebanon is considering legislation to boost Islamic finance after the industry failed to garner 1 percent of total banking assets.
The central bank is working with a group of local lenders to amend a 2004 law that allowed the establishment of Shariah- …
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