Zawya Islamic, a unique information solution for Islamic Finance and Shari'ah-sensitive investors was launched today at the Global Islamic Economy Summit
Dubai, UAE: In-line with its strategic vision to empower investors and professionals with business information by catering to the growing need for better access to Islamic finance investments and markets, Thomson Reuters launched Zawya Islamic - a unique first of its kind solution for Islamic finance and Shari'ah-sensitive investors.
Russell Haworth, Managing Director, MENA, Thomson Reuters, said, "Islamic finance is one of the fastest growing tranches of the financial services industry globally. Yet, the industry suffers from high information search cost and asymmetry, transaction inefficiencies, lack of standardisation, among others. Zawya Islamic addresses the needs for any investor - Islamic or otherwise - to access the required information to conduct their work in a time-efficient way, in one place, and in line with Shari'ah laws, standards and regulations."
Powered by data from Thomson Reuters and partnering with global Shari'ah and Islamic Finance market players, standard setters and authorities, Zawya Islamic makes Shari'ah-compliant investment, decision making and networking with the Islamic markets easier amalgamating:
• Fatawa, standards, regulations, legal documentation and product guidance notes, intelligently connected with scholars and instruments;
• Deep fundamental data on global Sukuk, Islamic funds, Islamic banks, financial institutions and Shari'ah-compliant equities;
• Islamic finance news, research, indices, money market and benchmark rates;
• The ICD Thomson Reuters Islamic Finance Development Indicator and the Islamic Finance Gateway Community.
Dr. Farooksaid: "Whether a fund manager, investment banker, strategy consultant or Shari'ah advisor, Zawya Islamic integrates all the necessary workflow requirements of the Shari'ah compliant transaction due diligence approach. From understanding the broader macro-economic environment, comparing the performance of various Shari'ah-compliant asset classes and instruments, conducting the required Shari'ah compliance verification and then drafting the necessary contracts, Zawya Islamic facilitates the accessibility of this burgeoning industry anyone anywhere. Critically, it also links the global Islamic finance community by allowing users to connect with counterparties. Through Zawya Islamic, a finance professional in Tokyo or Sao Paulo now has the same level of insider access to the world of Islamic finance as a professional in Dubai or Kuala Lumpur."
Zawya Islamic will be sold as an add-on to Zawya Markets - the leading Middle East and North Africa business information and investment opportunities source - and can be viewed from the following link: www.zawya.com/islamic-finance.
The full product was made available at the Global Islamic Economy Summit (GIES), hosted by Thomson Reuters and the Dubai Chamber. GIES began today and will continue on the 26th November, 2013 at Madinat Jumeirah in Dubai. To learn more about GIES visit: www.globalislamiceconomy.com, and for Zawya membership inquiries please contact membership.zawya@thomsonreuters.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to thomsonreuters.com
CONTACT
Tarek Fleihan
PR Manager, Middle East, Africa & Russia / CIS, Thomson Reuters
+97144536527
Email: tarek.fleihan@thomsonreuters.com
© Press Release 2013
