08 May 2011 (Doha, QATAR) - The Islamic Contemporary Financial Transactions training course concluded its last session today.  The training course was organized by the Faculty of Islamic Studies in Qatar (QFIS), a member of Qatar Foundation for Education, Science & Community Development, in collaboration with the International Union for Muslim Scholars (IUMS). Qatar First Investment Bank (QFIB) was the official sponsor of this training course.    The course, is part of the 'Future Scholars' series which commenced last February, and was held on a weekly basis at QFIS premises in Education City.   

"We are pleased to collaborate with the Faculty of Islamic Studies in delivering such an important course.  Demand for Islamic Financial products and services is growing at an unprecedented rate.  It is essential that practioners in this field are regularly kept up to date with latest practices in this industry. QFIB's sponsorship of this training course underlines our commitment to support activities dedicated to generating awareness about Islamic finance. We hope this is a first step in a long-term partnership between QFIB and QFIS" said Abdullah bin Fahd bin Ghorab Al Marri, QFIB Chairman. 

Dr. Hatem Al Qaranshawi, the Dean of QFIS thanked QFIB for their support and commented:"This partnership between (QFIS), (IUMS) and (QFIB) is of a great significance. It highlights QFIS as a major player in spreading awareness of Islamic heritage specifically in financial transactions. QFIS facilitates the exchange of expertise that virtually contribute to the development of Islamic financial services in Qatar in order to meet the economic challenges of the era."

Over 220 male and female students, in addition to a number of professionals working in the Islamic finance field, attended a series of specially designed lectures the content of which was developed by Prof. Dr. Ali Al Quradaghi, Qatar Univesity Professor, IUMS Secretary General and Head of Shari'ah Board of QFIB. The content of the course covered two major areas: Introduction to Islamic Economy and the Methodology of Islamic Jurisprudence.  

"We are grateful for QFIB's support of the Islamic Contemporary Financial Transactions Training Course," commented Prof. Dr. Al Quradaghi. "This course is not just about educating our students but also nurturing our growing talent in this very important and growing area of finance," he added.

-Ends-

About Qatar First Investment Bank
Qatar First Investment Bank is the first, non affiliated Shari'ah compliant investment bank to be regulated by the Qatar Financial Centre Regulatory Authority (QFCRA).  It launched in March 2009 with an authorised capital of QAR 3.65 billion (US$ 1 billion) and a paid up capital of QAR 1.6 billion (US$ 430 million).  Qatar First Investment Bank aims to become one of the leading financial institutions in Shari'ah compliant investment banking in Qatar and the GCC.

With over 1,000 investors from Qatar and the GCC, Qatar First Investment Bank has a solid shareholder base made up of prominent individuals as well as institutional investors.  These include financial institutions and banks, governments, pension funds and other strategic investors.

Qatar First Investment Bank has a clear, dynamic and focused strategy and operates to the highest regulatory standards.  The bank is managed by a select team of multinational investment professionals, with extensive experience working in the GCC and global financial sectors.

Qatar First Investment Bank offers private equity, strategic investments, asset management and corporate finance advisory.

Media Contact:  
Samar Atassi
Head of Corporate Communications
Qatar First Investment Bank
Direct: +974 4448 3355
Fax   +974 4447 9901
Email: samar.atassi@qfib.com.qa
P.O. Box 28028 Doha, Qatar

© Press Release 2011