Tagged: Switzerland

Sedco to distribute Islamic funds via private banks

Sedco to distribute Islamic funds via private banks

Saudi investment firm Sedco Capital plans to register its Islamic funds in Switzerland and distribute them through tie-ups with global private Banks. This is part of efforts to diversify its client base outside Saudi Arabia. Sedco Capital has incorpora…

Zurich launches takaful venture

Zurich launches takaful venture

<p>Switzerland-based Zurich Financial Services Group has established a joint Islamic insurance venture with Abu Dhabi National Takaful Company (ADNTC). The joint venture, called Zurich Takaful Company Limited, will be based in Dubai at Dubai International Finance Centre (DIFC) and will deal with family takaful businesses across the Middle East. It is 51% owned by Zurich and 49% owned by ADNTC. Zurich&rsquo;s initial focus will be establishing its DIFC office as a regional hub, which will then act as a springboard for future growth in the region.</p>
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<p><a href="http://www.insurancedaily.co.uk/2008/11/04/zurich-launches-takaful-venture/" title="http://www.insurancedaily.co.uk/2008/11/04/zurich-launches-takaful-venture/">http://www.insurancedaily.co.uk/2008/11/04/zurich-launches-takaful-venture/</a></p>
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Falcon Private Bank to launch fund to invest in sukuk

Falcon Private Bank to launch fund to invest in sukuk

Falcon Private Bank is planning to launch a fund early next month that will invest in global sukuk.The fund will be offered to the bank’s clients and could grow to $500 million, according to Zafar Khan, Falcon’s Mena chief executive. There is alreade substantial demand from the bank’s clients for global sukuk investments, he added. He also considers the yields of the past two years dislocated and the current yields more realistic to the underlying risk.

German Lecture: Geld und Ethik in den drei monotheistischen Religionen

German Lecture: Geld und Ethik in den drei monotheistischen Religionen

Finanzkrise, Bankenkrise, Eurokrise – und kein Ende. In den drei monotheistischen Religionen gibt es ziemlich präzise Vorstellungen über den Umgang mit Geld und Schulden. Bieten sie uns Lösungsansätze für die heutigen Probleme?

Dienstag, 5. März 2013, 20 Uhr, IGB Leimenstr. 24, 4051 Basel

Michael Gassner: Geld und Ethik im Islam

„Jüdische“ oder „christliche“ Banken gibt es nicht, wohl aber islamische, deren Geschäftstätigkeit sich nach dem islamischen Religionsgesetz, der Schari‘a, richtet. Der zweite Vortrag in der Reihe „Geld & Ethik“ beschäftigt sich mit den Regeln des Geldwesens im Islam und deren Anwendung im modernen islamischen Bankwesen. Michael Gassner ist muslimischer Bankfachmann und entwickelt islamische Finanzprodukte für eine Schweizer Privatbank.

Financial lobby group warns on emerging markets

Financial lobby group warns on emerging markets

The Institute of International Finance (IIF) warns that rich-country central banks may end their stimulus measures for emerging markets and warned investors to be prepared. Although there are few indications that the world’s central banks are about to change course soon, the risk for reversal of rates needs to be discussed in order to avoid a “boom-bust cycle”.

World Economic Forum in Davos to focus on Arab Spring reforms

World Economic Forum in Davos to focus on Arab Spring reforms

Heads of state and businessmen meet in Davos at the World Economic Forum (WEF) on Wednesday 23/01/2013, where attention will be focused on economic reforms following the Arab Spring. This year’s theme will be resilient dynamism and how to deal with changing contexts and sudden shocks. The Davos meeting will also include a separate session on Syria to discuss the country’s prospects this year.

Crowdsourced Credit Rating Providers Join Forces

Crowdsourced Credit Rating Providers Join Forces

Despite the worldwide domination of a few credit rating agencies, two not-for-profit rating providers announced their alliance. The agencies are Wikirating and Public Sector Credit Solutions (PSCS). They both use crowdsourcing techniques, thus aiming t…

Sustainable banking is the way forward

Sustainable banking is the way forward

According to chief the executive officer of Alternative Bank of Switzerland (ABS), financial institutions worldwide must change their profit-mongering mindset. It is essential for them to replace the current principles with value-based banking practice…