shifting from murabaha (cost plus profit mark-up) to ... · pdf fileheavily on...
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To register for this lecture, please click here Alternatively, please contact: Ms Farida Rahman Email. [email protected]. +44 (0)20 7433 0840
About the LectureThe Islamic finance industry is often accused of having a restricted product portfolio limiting its competitiveness on the international financial landscape. Traditionally, Islamic banks have relied heavily on Murabaha/Tawarruq based products to avoid risks associated with other instruments like Mudarabah/Musharakah and Wakalah. This lecture is aimed at laying-out an innovative solution for Islamic banks allowing them to offer short-term business finance, such as working capital financing and business overdrafts. The solution is based on Mudarabah and comes with a comprehensive toolkit of controls to manage the risks associated with Mudarabah; thereby enabling Islamic banks to offer simple and competitive products for business clients.
About the Speaker
several countries from its offices located in the UK, France and Bahrain.
Farrukh holds an MBA in Strategic Management and has exceptionally rich experience across various sectors of the Islamic finance industry. He has led many pioneering Islamic Finance projects in Europe, Central America, GCC and Africa. Farrukh’s experience includes advising the key stakeholders and regulatory authorities on developing the regulatory, legal and tax frameworks for implementing Islamic Finance in several markets. He has also led many ground-breaking market research projects sizing the retail markets for Islamic banking including France, Belgium, Oman and Morocco. He has previously held senior roles at Islamic Bank of Britain and also played a key role in rolling out the first Takaful company in Europe.
Farrukh is a highly experienced trainer and a popular speaker at international industry conferences. He also lectures frequently at many reputed universities worldwide.
Shifting From Murabaha (cost plus profit mark-up) to
Mudarabah (profit-loss) Based Financing
Thursday, 19th June 2014 Time : 6.15pm
Speaker:Farrukh RazaManaging Director, IFAAS Group
Venue: Ernst & Young LLP1 More London Place, London, Greater London, SE1 2AF (The venue is near the London Bridge Underground Station) (MAP)
www.islamic-banking.com
Help ye one another in righteousness and piety
The Holy Qu’ran 5:2
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AFarrukh is the founder and Managing Director of IFAAS, an award-winning professional consultancy dedicated to Islamic Finance, currently providing expertise to a range of institutional clients across