Minhaj Shariah Financial Advisory Launches Operations from DIFC |
|
Network this!
DUBAI - In the presence of Abdulla Al Awar, Managing Director of the Dubai International Financial Centre (DIFC) AuthorityDubai International Financial Centre (DIFC) Authority
, Dr. Abdul Sattar Abu Ghuddah the Chairman of Minhaj and a number of scholars, specialists, and businessmen, Minhaj Shariah Financial Advisory announced the launch of its operations in DIFCDIFC, which will provide advisory and training services.
Welcoming Minhaj to DIFCDIFC, Al Awar said: "One of the critical requirements for the sustained growth of Islamic Finance is the availability of reliable and high-quality advisory services like: Shariah auditing, revision and supervision as well as planning, product development consultancy and training. This gives consultancies like Minhaj Shariah Financial Advisory an important role in promoting the growth of the Islamic Finance market."
"At DIFCDIFC, we have clearly recognised Islamic Finance's potential. As DIFCDIFC evolves further into a global hub for institutional finance and a gateway for capital and investment in emerging markets, Islamic finance is one of the key sectors we are focusing on. We are confident that the distinguished Shari'ah board members of Minhaj will provide much needed advisory services, which will help firms in the region develop new innovative Shariah-compliant products."
Dr. Abdul Sattar Abu Ghuddah stressed the key role Minhaj will play as a Shariah Board for various financial institutions.
"A Shariah Board safe guards Islamic financial companies, through planning and guidance, periodic review of forms and contracts, providing a Shariah based recommendation regarding products from the idea conception phase until it becomes a ready to use product, by reviewing the contracts, and then by supervision to ensure there are no violations of Shariah. Finally these steps are concluded by internal Shariah auditing."
By Staff Report
© Khaleej Times 2009
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Financial Services Tenders | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |