Oct 19 2011 |
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"Sakana sponsors BCICAI Seminar"
Manama, Bahrain 19 Oct 2011: Bahrain-based Sakana Holistic Housing Solutions the Islamic mortgage finance provider confirmed sponsorship for the Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) seminar on "Resilience of Bahrain's finance sector" that will be held in Bahrain on 1st and 2nd November 2011 at the Gulf Hotel.
The sponsorship was confirmed in the presence of Mr. CA TD Balraj, Chairman of the BCICAI. The seminar will be held under the patronage of the Central Bank of Bahrain and Mr. Khalid Hamad, Executive Director, CBB will be the key note speaker.
R. Lakshmanan, CEO, Sakana said: "We are pleased to support the seminar and view this as timely and beneficial to the entire banking and finance sector in Bahrain."
The seminar will focus on the way forward for Bahrain's financial sector and reaffirm Bahrain's pre-eminent standing as the regional hub for banking and finance. The two-day event is expected to witness enthusiastic participation of more than 300 delegates.
About Sakana Holistic Housing Solutions BSC (c)
Sakana Holistic Housing Solutions
commenced operations in December 2006 as a dedicated mortgage finance provider in Bahrain, offering a comprehensive range of Sharia'a-compliant mortgage products.
Sakana
's holistic approach is paving the way for significant change in the Kingdom's mortgage market by making Islamic finance easier to understand and acceptable, as well as making it available to an ever-wider group of customers.The company demonstrated significant growth since inception and has broadened its holistic focus by adding property consulting and property development to its portfolio.
Sakana
is a finance company with paid up capital of BD 20 Million, regulated by the
Central Bank of Bahrain
.
Sakana
started as a 50:50 joint venture between BBK and Shamil Bank. In early 2010, Capinnova Investment Bank, the Sharia'a-compliant investment banking arm and fully owned subsidiary of BBK acquired 50% stake in
Sakana
from BBK. Further, Shamil Bank was merged with its parent Ithmaar Bank during the year 2010 and accordingly Ithmaar Bank became a 50% stakeholder.
Sakana is a member of the Waqf Fund for Research, Education and Training in Islamic Finance and a member of the Bahrain Property Development Association (BaPDA).
For more information is available at www.sakanaonline.com
About The Bahrain Chapter of the Institute of Chartered Accountants of India
The Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) is the largest organized professional body of Indians in Bahrain and has been existence for more than 10 years. Apart from reaching out the Bahrain society, it organizes seminars of professional interest to its members.
Issued by
Sakana
For press information contact:
Mrs. Haya Khalil
Sakana Holistic Housing Solutions
BSC (c)
Tel: +973 17 20 19 37
Fax: +973 17 21 46 63
E-mail haya@sakanaonline.com
© Press Release 2011
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