The Islamic finance industry is currently valued at $1 trillion worldwide, of which $210 billion is invested in the Middle East.
Following the Royal Decree by His Majesty the Sultan authorising Sharia-compliant financial products in Oman, International Turnkey Solutions (ITS), a global leader in Islamic banking technology solutions successfully concluded its first 'Oman Islamic Banking Conference 2011,' attended by over 80 banking decision makers, Islamic banking experts and financial organisations.
“Worldwide, some of the most renowned international banks use Islamic finance instruments such as sukuk (Islamic bonds) to raise funds for Sharia minded ethical investors,” said Mohamed Roushdy, Chief Information Officer, Siraj Finance, who presented an overview on migrating conventional banking structure to Sharia-compliancy.
“We believe that Islamic banking principals are ever more relevant today, given the chaos created by the financial crisis. Conducting business guided by Islamic principles, provides investors with confidence and peace of mind in today's turbulent global marketplace.”
No comments:
Post a Comment